Top News | Jul 1, 2015

LGT Beacon: Greece opens final act of debt drama

Last Friday, Athens unexpectedly called for a snap referendum on a proposed deal with its creditors. The decision effectively disrupted the ongoing talks, killed the hitherto bailout framework, and put Greece in arrears with an International Monetary Fund loan. Events are coming thick and fast: they could lead to the country crashing out of the euro, bring down its recently-elected government, and/or pave the way for a new, and more workable support program.

Asset Allocation Strategy Q3/2015

Economic outlook - still on shaky ground

Overall our tactical asset allocation for Q3 sees the global economy to remain on course, with structural imbalances and geopolitical issues denting its progress. Up to now inflation potential is kept in check by overcapacity, high debt burdens and low commodities prices. Click "read more" to get detailed insights into our market view.