Publications

Geneva Management Group

Q3 2018 Market Comment Is the global bull market in its final throes? It certainly was tested by various factors in the last quarter, all of which shone a light on the challenges ahead. What are these challenges and what to think about them?   Download Report

Geneva Management Group

Geneva Management Group takes the lead by adding Crypto & Blockchain to its suite of solutions The increasing popularity of cryptocurrencies and other blockchain technology applications is generating new demands on wealth planners, corporate services providers and investment advisors. The Geneva Management Group (GMG), a global financial solutions provider serving both institutional as well as private clients, has added a Crypto Solutions department to its diverse suite of expert offerings.   Download Report

Geneva Management Group

Mauritius –The Changing Tax Landscape – What action should you take? The focus of this update is to address the recent changes to the Mauritian tax landscape and, more importantly, the decisions that must be made by affected clients and new entrants into the market, to ensure compliance with the transitional and new regulations going forward.   Download Report

Geneva Management Group

Many Sides to the Coin in Turkey’s Lira Crash These days the Turkish lira is very much an embattled currency. The past week alone saw it lose 25% of its value, priced 0.20 per $1USD in 1 week. This on top of the fact in the past year the lira has been the worst performing currency in global markets, ultimately dropping by over half its value in the last 12 months.   Download Report

Geneva Management Group

Commentary on the Mauritian Budget 2018/2019 The 2018/2019 Mauritian Budget speech (“the Budget speech”) was delivered on 14 June 2018 by the Minister of Finance and Economic Development for Mauritius, The Honorable Pravind Jugnauth. The budget speech referred to several proposed budgetary measures that may, once adopted into law, affect global businesses as we know it in Mauritius. The budget measures are subject to approval by the legislature. The first draft of the 2018 Finance Bill is expected to be issued during the month of July 2018.   Download Report

Geneva Management Group

Q2 2018 Market Comment About a year ago we warned about the risk of a globalization decay, driven by the new US government1. This risk is today much more obvious since the introduction of import tariffs by the US late in the first quarter. How far this could go is no easy question, however it is not difficult to say that it is far from over.   Download Report

Geneva Management Group

Q1 2018 Market Comment The first steps into 2018 were full of hope and some would say, rather naive. Encouraged by long-term momentum, a subdued level of volatility and the US fiscal stimulus, some investors were of the thought that nothing could derail this long-term upward trend we’ve experienced over the last couple of years. After all, as economists and asset managers constantly repeated throughout 2017, we are in a “synchronised growth” environment and obviously, the stars have aligned to support the notion that we’re getting the “best of all possible worlds”. At the risk of sounding like Voltaire and despite my deepest wish to be living in a preestablished order, the reality is that some risks were bound to resurface and it was merely a question of when. Download Report

Geneva Management Group

Q4 2017 Market Comment With 2017 already behind us, the final quarter saw the spotlight shift away from central bank headlines toward geopolitical matters mentioned in our very first comment of the year. The key question is: how long will this last? At the dawn of 2018, all investment banks communicate their outlooks and raise the obvious worries concerning higher US interest rates and the nearing end of quantitative easing measures from the ECB and the BoJ. Will it trigger the end of the goldilocks economy? Download Report

Geneva Management Group

Q3 2017 Market Comment Since the 2008 crisis, excess liquidity provided by central banks has been a blessing to all financial and investment market actors. Restoring confidence was crucial in stopping the collapse of financial systems and has been a key support for economies trying to recover, while simultaneously giving time to countries to manage their unbalanced budgets. In recent years, a euphoric side effect has become apparent. Brexit, the US elections and other instances, can be cited as examples. Indeed, why worry so much when monetary authorities provide such a great safety net? Their excess liquidity, resulting from low interest rate policies from major central banks and their asset purchase programs, certainly lower investor wariness. Download Report

Geneva Management Group

Q2 2017 Market Comment A cornerstone has been removed from the main consensual political risk scenario in place since last year. The relief generated by Emanuel Macron’s election, a leader in favour of Europe, and the success of his new party at the legislative vote support the markets and confirm the positive sentiment toward Europe and its economic recovery. Investors then failed to find something consistent enough to focus on. Bored by the US Trump “show”, the Brexit negotiations and hesitant in front of higher valuations, they finally drew their attention back to central banks and their apparent decision to tackle the issue of the enormous balance sheet. Download Report

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