El fin del ESG
El ESG no ha muerto: está evolucionando. Descubre cómo Alex Edmans redefine la inversión ambiental, social y de gobernanza como parte esencial de la creación de valor sostenible.
LCI Mensual – Lo que marcó Septiembre de 2025
Septiembre 2025, un mes agitado en la política y economía global: Trump anuncia aranceles del 100 % a los medicamentos y encarece las visas, mientras la Fed recorta tasas bajo presión. Francia pierde a su primer ministro, Rusia ataca territorio de la OTAN, Suiza firma con Mercosur y el oro marca récord.
Perspectivas Económicas de la OCDE – Septiembre 2025
La economía mundial mostró una resiliencia mayor de lo previsto en la primera mitad de 2025, impulsada por los mercados emergentes y Estados Unidos. Sin embargo, los aranceles más altos, la inflación persistente en los servicios y los riesgos fiscales plantean desafíos. Un alivio comercial o avances en IA podrían mejorar las perspectivas.
LCI Mensual – Lo que marcó agosto de 2025
Agosto de 2025 estuvo marcado por una creciente presión política sobre la Reserva Federal de EE. UU. y una inminente moción de confianza en Francia, lo que sacudió el sentimiento de los inversores. Mientras que los rendimientos a 10 años de la zona euro se mantuvieron estables, los diferenciales de crédito en EE. UU. permanecieron ajustados debido a la demanda de corporativos de alta calidad. Las acciones globales subieron de forma modesta, lideradas por los mercados emergentes asiáticos y las economías ricas en recursos.
Demasiados desafíos para los mercados bursátiles: La Côte Invest ahora cubre el 50 % de su exposición a renta variable
Frente a las incertidumbres económicas globales, La Côte Invest está tomando medidas proactivas al cubrir el 50 % de su exposición a acciones. Esta estrategia implica la implementación de una estrategia de Put Spread con una función de retroceso para proteger el portafolio de posibles caídas del mercado.
LCI Monthly – What Shaped July 2025
U.S. inflation rose to 2.7% in July, keeping Fed rates steady at 4.25–4.50%. Trump escalated trade tensions with new tariffs, while markets rebounded, led by Nvidia surpassing $4 trillion. Spain faced tourism strikes, and England’s Lionesses clinched the UEFA Women’s Euro 2025 in Basel.
LCI Monthly – What Shaped June 2025
June was shaped by Middle East tensions, a sharp but short-lived oil price spike, and diverging central bank paths, with the Fed on hold and the ECB cutting rates. Trump’s renewed attacks on Powell pressured the dollar, while the BIS warned of rising global fragility. A 90-day US-China tariff truce brought only temporary relief to markets.
OECD Economic Outlook – June 2025
The global economic outlook is deteriorating, with rising trade barriers, policy uncertainty, and tightening financial conditions threatening growth. Inflation risks remain high, driven by trade disruptions—though lower commodity prices may offer some relief. A reversal in trade tensions could provide a much-needed boost.
LCI Monthly – What Shaped May 2025
May 2025 saw a shift in the global landscape: the U.S. economy contracted, Moody’s downgraded U.S. debt, and trade tensions eased with delayed tariffs. Equity markets rallied, especially in Europe and North America. Friedrich Merz became Germany’s new Chancellor, Pope Leo XIV was elected, and bond yields rose as markets reacted to fiscal concerns and central bank signals.
LCI Monthly - What Shaped April 2025
President Trump’s sweeping tariffs and public attacks on the Federal Reserve rattled markets and global allies in April 2025. His increasingly autocratic rhetoric added to geopolitical unease. Tesla reported a sharp earnings slump, hit by reputational backlash tied to Musk’s political ties. Meanwhile, U.S. consumer confidence dropped to a 13-year low, reflecting growing economic and political uncertainty.
Prosperity Has a Foundation – and It's Beginning to Crumble
As democracy, rule of law, and open markets come under pressure—even in long-trusted economies like the U.S.—investors must rethink geographic diversification. Institutional resilience, not short-term data, is the true driver of sustainable returns. In a world of rising political risk, long-term capital should flow to countries where the foundational pillars of prosperity remain strong and intact.
OECD Economic Outlook – March 2025
Global growth held steady at 3.2% in 2024, but recent indicators show signs of weakening. Inflation remains persistent, sentiment is softening, and policy uncertainty is high. Risks include tighter monetary policy and financial market disruptions. A key concern is rising global fragmentation—though a reversal in tariffs could boost growth. The outlook is increasingly fragile and dependent on policy direction.
Trump es Nerón mientras Washington arde
El senador francés Claude Malhuret lanza una advertencia demoledora sobre el repliegue de Estados Unidos y sus consecuencias para Europa. Compara a Trump con Nerón mientras los pilares de la democracia arden, y llama a los europeos a despertar, rearmarse moral y militarmente y defender a Ucrania y los valores democráticos.
US Stock Markets Under Pressure: Concerns Over Economic Slowdown Under Trump
Investor optimism following Trump’s re-election has faded amid rising fears of an economic slowdown. Markets tumbled, with the S&P 500 down 3% and Tesla plunging 15%. Slowing demand, political turmoil, and recession warnings weigh heavily. Bond yields have dropped, and key indicators point to weakening growth. Trump now frames the downturn as a “transition period”—but confidence is slipping fast.
LCI Strategic Asset Allocation: Reduction of US Investments
Trump’s destabilizing actions have shaken global trust in the U.S., prompting La Côte Invest to act. Amid rising geopolitical risk and growing domestic polarization, we’ve halved our U.S. equity weighting relative to market capitalization and introduced a 10% gold allocation. These strategic shifts reflect our commitment to protecting long-term client stability in an increasingly uncertain global environment.
U.S. to Implement New Tariffs on Mexico, Canada, and China: A Risky Strategy?
The U.S. will impose new tariffs on Mexico, Canada, and China—raising serious economic and strategic concerns. Despite justifications tied to trade deficits, migration, and the fentanyl crisis, critics warn of supply chain disruptions, rising consumer costs, and diplomatic fallout. La Côte Invest views the move as economically risky, potentially undermining key trade relationships and further destabilizing global market confidence.
Doubts About China’s Economic Data
The Chinese government reported 5% economic growth for 2024, aligning with the target set by the National People’s Congress. According to official statements, this was mainly driven by stimulus measures in the final quarter and strong exports. However, experts like the economists at the Rhodium Group estimate actual growth for 2024 at only 2.4% to 2.8%.
OECD Economic Outlook – Decembre 2024
Our central scenario in the Economic Outlook portrays a picture of resilience. However, this optimism is tempered by significant uncertainties. Elevated geopolitical tensions risk disrupting energy markets and supply chains, potentially driving inflation higher and dampening economic activity. More broadly, these tensions have created headwinds for trade in both advanced and emerging markets, heightening uncertainty over the future course of global trade. A more fragmented, protectionist trading environment and inward-looking policies would negatively affect competition, raise prices, and hinder productivity and growth, while also weighing on the potential for emerging market economies to catch up.
Desaparecido para siempre
Símbolo del capitalismo responsable, el ESG se desvanece en Estados Unidos. Politización, ecoblanqueo y desinterés inversor han vaciado el concepto de contenido. Con reguladores a la defensiva y un giro nacionalista en marcha, la promesa de un capitalismo sostenible parece definitivamente perdida.
Why Active Funds Fail and How La Côte Invest Ensures Success
Over 80% of active funds have underperformed their benchmarks over the past decade, according to SPIVA data. At La Côte Invest, we focus on what truly drives long-term success: a sound, cost-efficient strategy tailored to each client. By relying primarily on passive instruments and only taking active positions when conviction is high, we ensure consistency, transparency, and performance.