Investing in the new world order

For years, traditional money market instruments and short-term government bonds were considered the standard solution for liquidity. However, rising debt, political uncertainty and structural changes are forcing investors to take a more differentiated view of liquidity: secure, flexible and without unnecessary dependencies on individual countries or issuers.

At the same time, Europe has received a wake-up call. After years of declining defense spending, Europe’s security weaknesses became clear, particularly after Russia’s annexation of Crimea in 2014. Rising authoritarianism and emerging threats in cyber and space further highlighted the need for resilience.

However, it is not just geopolitics but also technology that is redefining winners and losers. Artificial intelligence is not a passing trend; it determines future relevance. Many investors remain hesitant, waiting for “mature” valuations. Yet in a “winner-takes-most” economy, waiting is not a neutral stance—it incurs real opportunity costs. Traditional valuation models often fall short in accurately capturing speed and scalability.

You will take away 3 concrete implications that you can use directly in customer meetings and in portfolio allocation.