Wealth Management Insights

Macroeconomics · 25 Sep 2026

Energy independence and access to commodities in the era of electrification

Energy independence and secure access to commodities have become central to economic policy in the 2020s, shaped by geopolitical uncertainty, market volatility and the global climate transition.

Macroeconomics · 23 Sep 2026

From monetary independence to fiscal dominance?

In previous “Horizon” publications, we have highlighted several structural trends shaping economies, including demographics, deglobalisation, decarbonisation, debt and digitalisation. Successive crises – such as the Covid pandemic, the war in Ukraine, the trade war and the recent Middle East conflict – have exacerbated these trends.

Macroeconomics · 23 Sep 2026

The great scramble for resources

Today’s increasingly fragmented world is driving a dash to secure resource sovereignty. Across the globe, governments are prioritising energy security and access to key commodities in the face of conflicts, trade barriers and climate change.

Macroeconomics · 21 Sep 2026

Weekly house view | Xi-Trump, round two

The CIO’s view of the week ahead.

Macroeconomics · 21 Sep 2026

Stablecoins versus the digital euro

The rapid evolution of digital finance has brought stablecoins and central bank digital currencies (CBDCs) to the forefront of global economic discussions. Stablecoins, which are digital assets designed to maintain a stable value, have experienced explosive growth. This is prompting new regulatory frameworks and raising important questions about their impact on financial stability, monetary policy and the international monetary system. At the same time, central banks are exploring digital currencies to preserve monetary sovereignty and adapt to changing payment landscapes.

Macroeconomics · 15 Sep 2026

The 2020s in historical perspective

Sir Niall Ferguson has spent his career explaining how economic history can help inform contemporary policy decisions. His latest theory, dubbed “Ferguson’s Law,” highlights how US fiscal profligacy threatens the durability of American power just as a second Cold War is emerging between the US and China.

Macroeconomics · 14 Sep 2026

Weekly house view | Bonds not Ha-PPI

The CIO’s view of the week ahead.

Macroeconomics · 08 Sep 2026

Horizon 2026 – The race for resource sovereignty

A new era is upon us. The post-war, rules-based period of multilateralism has given way to multipolar rivalry and, by extension, heightened geopolitical tensions in a more uncertain world. At the core of this multipolar rivalry is a competition for supremacy between the US and China. And at the heart of their rivalry is a race for technological leadership – particularly in the field of artificial intelligence (AI). The superpowers’ quest for digital dominance extends to a competition for the resources needed to power the AI economy. Their fragile trade truce is indicative of a highly charged environment, in which “resource sovereignty” is the defining imperative.

Society · 11 Sep 2026

It’s always sunny in Portugal!

An AI entrepreneur chose to relocate to Lisbon for its climate, tech scene, and favourable tax regime. With expert guidance, Pictet helped the client align his business ambitions and lifestyle goals. His move exemplifies how individuals can appeal to countries that want skilled, economically active individuals, not just passive investors, to drive growth.

Society · 11 Sep 2026

From sunseekers to skill seekers: How countries are competing for global talent

Successful global mobility today demands a clear commitment to contributing to the local economy. That is because many countries are moving away from broad-based incentives, instead focusing on attracting skilled professionals and innovators. As a result, thorough due diligence and genuine integration into local communities have become more important than ever.

Responsible future · 25 Aug 2026

Power shift: investing in the electrification megatrend

A global shift toward electrification is gaining momentum. This megatrend is driven by a mix of industrial demand, technological advances and geopolitical risk. In this Q&A, PWM energy equity analyst Malik Zetchi shares his perspectives on where investors can find value in the electrification revolution.

Technology & science · 28 Jul 2026

What society is getting from drug innovation

For much of the past half century, the social contract underpinning pharmaceutical innovation was clear. New drugs delivered longer lives, fewer hospitalisations and, in some cases, cures. In return, societies accepted steadily rising healthcare spending. That contract held as long as innovation visibly transformed outcomes. It is now being renegotiated.

Philanthropy

How women are transforming philanthropy

Empowered by their growing share of global wealth, women are shaking up the world of philanthropy.

Family business

Reviving an iconic family whisky business

Whisky takes time to mature, and so do family businesses. Leonard Russell of Ian Macleod Distillers in Broxburn, Scotland, explains how long-term thinking shapes everything from distillery revivals to succession planning.

Entrepreneurship

From founder to investor: navigating the shift

Making the mental leap from building a business to managing a portfolio may not be easy. Here’s how to embrace the investor mindset after a successful exit.