Macro Outlook

In this section, you can find out more about our views on the macroeconomic situation and on political developments that are relevant for the financial markets - and thus provide yourself with an even better basis for your investment decisions.

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Institutional investors

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The information provided on the following pages is intended solely for qualified and/or institutional investors.

Qualified and/or institutional investors

These investors include:

a) regulated financial intermediaries such as banks, securities dealers, fund management companies and asset managers of collective investment schemes
b) regulated insurance companies
c) public-law corporations and pension funds with professional treasury departments
d) companies with professional treasury departments.

The professional treasury requirement is fulfilled if the investor entrusts at least one professionally trained and experienced financial specialist to manage their assets on a permanent basis.

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