LIQID Global Future
Q4 2024

Quartalsupdate

Konjunktur und Kapitalmärkte

Dr. Wolfgang von Heßling, Chief Economist LGT Private Banking Europe, geht in unserem Video-Update auf die Frage ein, wie sich die Wirtschaft im vierten Quartal 2023 entwickelt hat und worauf sich Anleger im neuen Jahr 2024 einstellen müssen.

Anlageklassen und Positioierung

Dr. Wolfgang von Heßling, Chief Economist LGT Private Banking Europe, geht in unserem Video-Update auf die Frage ein, wie sich die Wirtschaft im vierten Quartal 2023 entwickelt hat und worauf sich Anleger im neuen Jahr 2024 einstellen müssen.

What moved the markets in the fourth quarter?

The last quarter of 2023 brought a conciliatory end to the year. Economic indicators in the USA and the Eurozone generally developed positively. Inflation rates in particular fell significantly, so that the central banks refrained from further increases in key interest rates. In the USA, despite persistently high interest rates, the danger of a recession appears to have been averted. Nevertheless, the global economy is in a phase of sustained weak growth. Low growth rates in the USA, the euro area and China are expected to shape the macroeconomic picture in 2024.

Für wen ist LIQID Private Equity PRO geeignet?

Source: LIQID, Bureau of Labor Statistics USA, ECB. As of: January 12, 2024. The graph shows the annual change in consumer price indices. Note: Investments on the capital market are subject to fluctuations. Historical returns are not a reliable indicator of future developments.

Für wen ist LIQID Private Equity PRO geeignet?

Source: LIQID, Bureau of Labor Statistics USA, ECB. As of: January 12, 2024. The graph shows the annual change in consumer price indices. Note: Investments on the capital market are subject to fluctuations. Historical returns are not a reliable indicator of future developments.

Für wen ist LIQID Private Equity PRO geeignet?

Source: LIQID, Bureau of Labor Statistics USA, ECB. As of: January 12, 2024. The graph shows the annual change in consumer price indices. Note: Investments on the capital market are subject to fluctuations. Historical returns are not a reliable indicator of future developments.

How have individual asset classes developed?

The fourth quarter of 2023 began with a difficult month due to the escalation in the Middle East. After initial price losses, however, low inflation rates and the hope of faster-than-expected interest rate cuts boosted almost all asset classes. All stock and bond markets made significant gains in Q4, some of them significantly. Gold also shone with high returns. Only raw materials that were among the winners in the third quarter suffered heavy losses. Overall, 2023 was a challenging year for investors due to the macroeconomic and geopolitical situation. What is all the more surprising is the fact that 2023 became one of the best stock market years of the last ten years - a recovery that was highly valued by many investors after the bear market in 2022. Things went particularly well in 2023 for mega-cap technology stocks and other growth companies, i.e. the stocks that suffered the most in 2022.

The fourth quarter of 2023 began with a difficult month due to the escalation in the Middle EastThe fourth quarter of 2023 began with a difficult month due to the escalation in the Middle East. After initial price losses, however, low inflation rates and the hope of faster-than-expected interest rate cuts boosted almost all asset classes. All stock and bond markets made significant gains in Q4, some of them significantly. Gold also shone with high returns. Only raw materials that were among the winners in the third quarter suffered heavy losses. Overall, 2023 was a challenging year for investors due to the macroeconomic and geopolitical situation. What is all the more surprising is the fact that 2023 became one of the best stock market years of the last ten years - a recovery that was highly valued by many investors after the bear market in 2022. Things went particularly well in 2023 for mega-cap technology stocks and other growth companies, i.e. the stocks that suffered the most in 2022.. After initial price losses, however, low inflation rates and the hope of faster-than-expected interest rate cuts boosted almost all asset classes. All stock and bond markets made significant gains in Q4, some of them significantly. Gold also shone with high returns. Only raw materials that were among the winners in the third quarter suffered heavy losses. Overall, 2023 was a challenging year for investors due to the macroeconomic and geopolitical situation. What is all the more surprising is the fact that 2023 became one of the best stock market years of the last ten years - a recovery that was highly valued by many investors after the bear market in 2022. Things went particularly well in 2023 for mega-cap technology stocks and other growth companies, i.e. the stocks that suffered the most in 2022.

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How has LIQID Global Future developed?

In the fourth quarter of 2023, all LIQID Global Future strategies increased significantly in value. Particularly given the muted expectations at the start of the year, 2023 was an extremely positive year for LIQID Global Futures investors. All strategies closed 2023 with high, mostly double-digit returns. The cumulative return was between 7.0 and 18.1 percent, depending on the equity share of the strategy.

Das sagen unsere Kunden

The fourth quarter of 2023 began with a difficult month due to the escalation in the Middle EastThe fourth quarter of 2023 began with a difficult month due to the escalation in the Middle East. After initial price losses, however, low inflation rates and the hope of faster-than-expected interest rate cuts boosted almost all asset classes. All stock and bond markets made significant gains in Q4, some of them significantly. Gold also shone with high returns. Only raw materials that were among the winners in the third quarter suffered heavy losses. Overall, 2023 was a challenging year for investors due to the macroeconomic and geopolitical situation. What is all the more surprising is the fact that 2023 became one of the best stock market years of the last ten years - a recovery that was highly valued by many investors after the bear market in 2022. Things went particularly well in 2023 for mega-cap technology stocks and other growth companies, i.e. the stocks that suffered the most in 2022.. After initial price losses, however, low inflation rates and the hope of faster-than-expected interest rate cuts boosted almost all asset classes. All stock and bond markets made significant gains in Q4, some of them significantly. Gold also shone with high returns. Only raw materials that were among the winners in the third quarter suffered heavy losses. Overall, 2023 was a challenging year for investors due to the macroeconomic and geopolitical situation. What is all the more surprising is the fact that 2023 became one of the best stock market years of the last ten years - a recovery that was highly valued by many investors after the bear market in 2022. Things went particularly well in 2023 for mega-cap technology stocks and other growth companies, i.e. the stocks that suffered the most in 2022.

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