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News & Monthly comments

22/04/2025

Monthly commentary March 2025

Popso (Suisse) Investment Fund SICAV

Macro and Asset Allocation

 

USA

 

In the U.S., preliminary aggregate PMIs (as measured by S&P) were better than expected (53.5 vs. 50.9) and well above the watershed level between economic expansion and contraction (50). The improvement was mainly due to a sharp rebound in services. Meanwhile, however, consumer confidence (both Conference Board and U. of Michigan) continued its decline. Americans are primarily concerned about economic uncertainty in the near future, inflation (which is expected to rise sharply) and the labor market. The "soft" data show strong concern but the "hard" data were more benign: personal incomes increase more than expected, personal spending rebounds from the previous month, and labor market data are in line with expectations. The labor market is still solid (unemployment at 4.2 percent) and orders to industry were higher than expected. However, these data refer to the period just ended and do not fully include the effects of the recently announced tariffs.

 

EUROZONE and SWITZERLAND

 

In Europe, the improvement in leading indicators of economic activity continues: manufacturing PMIs are still improving (although they are still at a level that predicts slight manufacturing contraction) while, at the aggregate level, the economy continues improve and is slight expansion driven by services. Economic expectations (as measured by the IFO) are improving in Germany while inflation in the major economies (France, Germany, Italy) is "under control" and in line with the ECB's target. Leading indicators for the Chinese economy are also improving slightly with national composite PMIs at a level consistent with economic expansion (51.4). In the Zone, year-on-year retail sales grew more than expected (2.3% vs. 1.9%) and composite PMIs remain in the economic expansion zone, driven by services. The unemployment rate falls to 6.1% (from 6.2%) and inflation continues to send reassuring signals

 

ASIA

 

In China, PMIs continue to indicate an expanding economy in both the service and manufacturing sectors. Surprising on the positive side was the growth in industrial production, which came in at +5.9 percent against firm expectations of +5.3 percent.

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17/04/2025

Discover the new range now

Marketing communication

In a constantly evolving financial world, the key to success is flexibility, in order to best meet the needs of each investor: this is why we have been constantly renewing ourselves for over 25 years. 

Discover the new range of Popso (Suisse) Investment Fund SICAV investment funds:
• Fixed Income –  For those seeking stability, with investments mainly in bonds
• Strategics – For those who want a dynamic balance of bonds, shares and international currencies
• Equities – For those who focus on growth by investing mainly in shares.

The advantages: 
• Accessibility: access to domestic and international markets in CHF, EUR and USD, even with small amounts 
• Diversification: widely diversified portfolios to reduce risk
• Professionalism: professional and award-winning portfolio management
• Liquidity: redeem your money at any time
• Transparency: we answer all your questions.

Don't miss this opportunity, discover the new range of funds today and give your investments a boost!

 

01/04/2025

Premio Alto Rendimento and CFS Rating

Marketing communication

Il Sole 24Ore, Italy’s foremost financial newspaper, awarded BPS (SUISSE) the 2024 Premio Alto Rendimento as runner-up in the “small” category of investment fund managers operating in Italy.
The ranking, based on models developed by the independent firm CFS Rating, assesses the performance of the entire product range in both the current and previous years. 

Based on its methodology, CFS Rating also published the annual guide “I 300 Migliori Fondi”, highlighting the top funds in Italy with the best risk-return profiles out of more than 12,000 available.
Popso (Suisse) Investment Fund SICAV is featured in the 2025 edition with three funds managed by BPS (SUISSE), two in CHF and one in EUR.

More details in the attached file.

Videos

30/09/2024
25th anniversary SICAV

Presentation of Roberto Mastromarchi, board member Popso (Suisse) Investment Fund SICAV

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The investment offers no guarantee of return to investors, nor does it ensure full or partial repayment of the amount invested.
The investment may be exposed to substantial risks that are not adequately reflected in the synthetic risk indicator and may adversely affect its performance: these include operational, counterparty, liquidity, credit, derivative and sustainability risks.
Any investment decision should only be made on the basis of the most recent version of the prospectus, KIID and available information.
Past performance is not a guarantee of future results.

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