We previously highlighted the conundrum of European value stocks, particularly banks, trading near their lowest valuations despite boasting their strongest fundamentals in over two decades. Despite continued outperformance, there remains significant potential for a valuation catch-up as investors reassess banks' strategic role in the energy transition.

Global businesses offer natural hedges against currency swings. As euro-based investors, it’s natural to worry about exchange rates, especially when investing in dollar-denominated assets. A key concern we often hear is: What happens if the US dollar weakens? Will this erode returns from US equities?

Bien que stressante, la volatilité des marchés actions et les corrections en cours d’année sont étonnamment fréquentes.
Depuis 1980, le S&P 500 enregistre en moyenne une baisse intra-annuelle d’environ 14 %, avec des replis pouvant atteindre jusqu’à 40 %. Ces données permettent de relativiser les récentes turbulences sur les marchés.