Outlook for 2025 financial year

The markets assume that inflation will decline further and monetary policy will ease. Whether, when and how severely ad­di­tional declines in target interest rates will take place is uncertain. In Switzer­land, the pos­si­bil­i­ties for further interest rate decreases are certainly more modest than those of the USA, for instance. The economic pro­spects appear solid, due in part to growth impetus following tech­no­log­i­cal advances. Nevertheless, regional dif­fer­ences still vary greatly. The geopolitical situation poses a challenge in several unresolved conflicts. The uncertainty regarding de­vel­op­ments on the financial markets remains high.

In the 2025 financial year, the strategic changes introduced will be con­tin­ued and towards the end of the year, a benchmark analysis will be made to assess whether the direction from the last asset and liability study is still ap­pro­pri­ate. In addition, sustainability efforts based on the existing strategy will be further intensified in various investment categories. In order to achieve attractive returns, it will be necessary to continue taking investment risks. Thanks to the robust and broadly diversified investment strategy, along with the careful management of investment risks, comPlan also remains well equipped to absorb any new corrections in the financial markets.