The green marketing bubble in the financial industry is bursting. This opens up opportunities to return to the roots of sustainable investments.

"If you want to eat well, buy stocks; if you want to sleep well, buy bonds": This is one of the many bon mots of stock market veteran André Kostolany. Anyone who was counting on being able to sleep soundly with their bonds/bonds has woken up from a nightmare in 2022. Why?

Due to the high and stubborn inflation, the Swiss National Bank has raised the key interest rates in three steps from -0.75 to 1 percent. There is currently a high probability that it will raise key rates again in 2023. The forecasts of the various banks and financial institutions anticipate further increases of +0.5 to + 1 percent, which could take the key interest rate up to 2 percent. It should be noted that interest rates at the short end have risen more sharply than interest rates on fixed-rate mortgages and that the spread between SARON and fixed-rate mortgage rates has therefore narrowed. The question now arises again as to how to proceed when taking out a new mortgage or renewing one. What are the options?

Once again, microfinance is a stable asset class in a turbulent stock market environment and a good addition to a portfolio. Microfinance also delivers real social impact in an increasingly arbitrary sustainability world.

In part four, our co-founder Lukas Stücklin explains what sustainability means beyond ESG.

[Translate to English:] Unser Kundenberater Marco Rohrbach erklärt im dritten Teil am Beispiel der Firma Apple das Ratingsystem ESG.