image


Uncertainty

Linea di tendenza con massimi e minimi (illustrativa): La volatilità troppo spesso preoccupa gli investitori, ma potrebbe anche deporre a favore dei prodotti strutturati


Volatility

image


Conflicting information

 

  

  

Aside from the manifest human suffering,
what is the reality for investors?

  

Investor confidence is affected

But, in times of extreme stress, our decision-making can be sub-optimal.

image
 

  

  

It becomes tempting to exit...

but, timing exit and entry into strategies can be risky.

image
 

  

…but short-term volatility
could turn into recovery

Analysis of 21 incidents of conflict over the
last 80 years tells an enlightening story.

  

  

image

*All else remaining equal. Source: Vontobel Multi-Asset Team. Scenarios are hypothetical, may not occur, and actual event / results may differ materially.

  

  

Consider the investment horizon

Context is important. When a longer timeline is considered, a far different picture emerges.

image

For illustrative purposes only. Scenarios are hypothetical, may not occur, and actual event / results may differ materially.

 

  

Key takeaways for investors

image

Source: Vontobel.