04.12.2024. | Articles | CIO Perspectives | Publications

Market Commentary – 2025 Market Outlook: Trump’s policies should be supportive for US equities

After a very good year for equities so far in 2024, Till Budelmann, Chief Investment Officer of the Swiss private bank Bergos, sees good opportunities for further gains on the equity markets in 2025. The US market in particular could deliver total returns in the high single-digit range thanks to the fairly stable economy and the expected market-friendly policies of the incoming President Donald Trump. Bonds, which have become relatively more attractive from a valuation perspective, can also make a positive contribution to the portfolio. As an alternative component, convertible bonds promise attractive returns.