Activities
Zug, 26. Oktober 2021. Die Alpina Capital AG, eine auf Nachhaltigkeit ausgerichtete Vermögensverwaltung mit Büros in Zug und Zollikon, hat von der Eidgenössischen Finanzmarktaufsicht FINMA eine Bewilligung als Verwalter von Kollektivvermögen erhalten. Nach der Akquisition der Falcon Fund Management (Luxembourg) S.A. im Dezember 2020 und der Lancierung der Zusammenarbeit mit Santro Invest im Frühjahr 2021 ist dies ein weiterer Meilenstein auf dem Wachstumskurs von Alpina Capital.
Alpina Capital is pleased to announce the member approval of the Global Compact Network Switzerland & Liechtenstein, which is the official platform of the UN Global Compact in Switzerland and Liechtenstein. UN Global Compact seeks to mobilize and motivate businesses to engage in corporate responsibility and sustainability.
Gold bullion prices have been closely correlated with negative real yields, which are likely to remain negative for some time, given the amount of credit created to support global economic activity. Gold prices are building a base after a mid-August flash crash and rapid recovery. Gold mining stocks remain inexpensive relative to bullion and are very attractive given the sector’s cash flow generating ability and favorable balance sheets while the sector offers numerous corporate opportunities to enhance resource and asset values. At this point in the long-term cycle, investors are presented with an opportunity to establish and/or increase long positions in gold bullion and gold stocks, especially at attractive valuations.
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Gold bullion prices have been closely correlated with negative real yields, which are likely to remain negative for some time, given the amount of credit created to support global economic activity. Gold prices are building a base after a mid-August flash crash and rapid recovery. Gold mining stocks remain inexpensive relative to bullion and are very attractive given the sector’s cash flow generating ability and favorable balance sheets while the sector offers numerous corporate opportunities to enhance resource and asset values. At this point in the long-term cycle, investors are presented with an opportunity to establish and/or increase long positions in gold bullion and gold stocks, especially at attractive valuations.
Gold bullion and gold mining equities gained ground in July. We saw a recovery in gold bullion investments as positions were repurchased and the decline in real yields to all-time lows added to the buying rationale. We believe that gold is well-positioned for a typical late summer/early fall rally, given record-negative real yields, a USD that may be topping out and waning taper/tightening fears.
Inflationszenarien und die Sorge vor steigenden Zinsen sowie die immer drängendere Frage, wie geht es mit den klassischen Anlagemärkten weiter, erhöht das Interesse an Insurance Linked Securities (Cat Bonds) als diversifizierendes Element in einem Anlageportfolio. Dies zeigt sich in den ersten Monaten des Jahres 2021 durch hohe Neuemissions-Volumen von mehr als 8.5 Mrd. USD und einem aktiven Sekundärmarkt-handel. Das Prämienniveau ist attraktiv und war zuletzt im Jahr 2013 so hoch.
Gold is on the rise again, as the market debates whether inflation will be transitory as economies recovery post-COVID. Extreme volatility among cryptocurrencies like Bitcoin has also benefitted gold in Q2. Gold mining stocks are enjoying renewed activity as market participants recognize the free cash flow and profit potential this sector offers.
