FERI expects demand for alternative investments such as infrastructure, property, private equity and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 9 billion euros, making it one of the largest providers in Germany.

For more than 20 years, we have been offering our clients individually tailored risk management solutions. Market risks are actively managed according to risk and return parameters jointly defined in advance.  

In institutional asset management, FERI offers a broad range of asset management services for institutional investors. Our investment specialists have many years of experience in all asset classes and follow a multi-asset approach ranging from the development and implementation of individual investment strategies to quantitative risk management and control.

FERI expects demand for alternative investments such as infrastructure, property, private equity and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 9 billion euros, making it one of the largest providers in Germany.

For more than 20 years, we have been offering our clients individually tailored risk management solutions. Market risks are actively managed according to risk and return parameters jointly defined in advance.  

FERI is a byword for comprehensive, individual, transparent and sustainable advice and support for private clients. With over 30 years of experience, we offer private investors a wide range of asset management services.

Sustainability is not only a socio-political imperative. For FERI, it also includes a clear commitment to shared social responsibility as a financial services provider. This is why FERI places the sustainable development goals (SDGs) defined by the United Nations General Assembly (UN) at the forefront of sustainability considerations in all its investment solutions and advisory services. 

With the help of an asset liability management study, FERI can show you whether a financing system in its current form is sustainable and whether sufficient risk carriers are available or whether a modification of the system is advisable.

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In order to identify the risk sources and their distribution in the portfolio of an investment, FERI prepares a risk sheet, which makes this information transparent and clear. It clearly shows what share of the overall risk is attributable to the individual investment funds, segments and asset classes.

FERI offers its clients the entire process of investment consulting and has been continuously developing it since the 1990s. Thanks to its extensive experience, self-developed systems and access to almost 200 employees in all areas of the investment process, FERI creates significant added value for its clients through its range of consulting services.

The FERI family office is the strategy advisor for your assets. We offer services ranging from strategic asset planning, implementation consulting and results monitoring and controls, through risk management and asset protection strategies to sustainability consulting. 

Sustainability is not only a socio-political imperative. For FERI, it also includes a clear commitment to shared social responsibility as a financial services provider. This is why FERI places the sustainable development goals (SDGs) defined by the United Nations General Assembly (UN) at the forefront of sustainability considerations in all its investment solutions and advisory services. 

Asset allocation – an overview of the latest market developments. FERI offers optimal, quantitative and qualitative support for decision-making, both in terms of strategic and tactical asset allocation.

FERI’s economic expertise is used in high-profile companies for operational planning and market research and in numerous banks for risk management from an industry perspective. We offer our clients the following services: worldwide economic data; global macro research; global economic, interest rate and currency forecasts; country and sector outlooks; FERI sector rating.  

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Economy and Markets 2021: Cyclical Scenario Remains Intact

Bad Homburg, 11/10/2020
by FERI
  • Markets focus on economic stimulus package after Biden's election victory
  • Reconstruction fund helps southern European states
  • Corona crisis as a catalyst for sustainable investments and digitisation
  • 33rd FERI Tagung (FERI's annual Conference) for the first time as digital event

The development of the global economy will continue to be dominated by the corona pandemic in 2021. However, new fiscal programs in the USA and Europe and the recovery of China could trigger a growth spurt in the coming year. The outcome of the US elections also points to a continuation of the cyclical investment scenario. These are key results of the 33rd FERI Tagung, which was held for the first time this year as a purely online event due to the corona pandemic. "In the corona crisis, clear differences between countries and regions are now becoming apparent. While China has practically overcome the crisis and is clearly back on a growth path, Europe must expect a further decline in economic output in winter as a result of the second wave of the pandemic," said Axel D. Angermann, Chief Economist of the FERI Group. However, if the current "lockdown light" is successful in bringing the pandemic back under control, the recovery process could be resumed from spring onwards. The payments from the European reconstruction fund would then also help, which should boost growth, especially in the countries of Southern Europe, which are the main beneficiaries of the pandemic. "A new fiscal stimulus is also expected in the USA and therefore higher growth dynamics in 2021. This could also drive up inflation expectations," Angermann said.

Positive Earnings Outlook

The fact that the FERI experts expect the stock market environment to remain constructive on the whole is not only due to the expected economic recovery, but is based primarily on the continuation of the expansive monetary policy and the prospect of rising corporate profits. "The capital markets are anticipating an end to the crisis - with a discount factor close to zero, it is relatively irrelevant whether this end occurs several quarters earlier or later," said Marcus Zasada, Team Head Portfolio Management at FERI Trust. Higher growth expectations would result in rising interest rates and possible losses in the bond markets, especially in the US. "Cyclical sectors and commodities, on the other hand, would be winners in such a scenario," added Zasada. Among the key market drivers for 2021 were also ongoing geopolitical risks, as the US-China rivalry would not disappear with Biden as US president. Investors should generally prefer a growth-oriented investment strategy and also focus on megatrends, which will be further intensified by the corona pandemic. These include, for example, the topics of digitalization and sustainability.

America After the Election

An important topic at the 33rd FERI Tagung was the US elections and their consequences for Europe and the world. "The new President Biden will quickly need concrete support, also from the EU, to consolidate his position in a country that continues to be divided," said Andreas Povel, former CEO AmCham Germany, in his presentation. Topics for this could be a common strategy in the fight against Corona, support for reforms of the WHO or a multilateral solution of the China trade conflict via the WTO, Povel continued.


About FERI

Founded in 1987 and headquartered in Bad Homburg, Germany, the FERI Group has developed into one of the leading investment houses in the German-speaking area. FERI offers tailor-made solutions for institutional investors, family assets and trusts in the following areas:

The FERI Cognitive Finance Institute was formed in 2016. It is the strategic research centre and creative think tank of the FERI Group. The Institute focuses on innovative analyses and the development of methods for long-term oriented economic and capital market research. 

FERI and MLP currently have assets of EUR 39.6 billion under management. A total of EUR 9 billion of these assets are alternative investments. The FERI Group is headquartered in Bad Homburg and has offices in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



Media relations contact

Katja Liese

Member of the Management Board

Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192

F +49 (0) 6172 916-1192

presse@feri.de

FERI AG

Rathausplatz 8-10

D-61348 Bad Homburg

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Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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Katja Liese
Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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