Weekly Newsletter #3/2015

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We hope you enjoyed some pleasant holidays and wish you a happy New Year on behalf of Erwin Lasshofer and his INNOVATIS team!

While markets are normally rather quiet during holiday season we have already been experiencing some considerable moves this time. Yields have been falling in most bond markets, crude oil is down another 15% versus our last newsletter and the US Dollar reached new highs versus most major currencies. Now the Swiss National Bank very unexpectedly removed the EUR/CHF 1.20 floor sending the CHF rapidly up by 20% and more – see our chart of the day.

We expect more turbulence from currency and commodity markets to come this year. In our next newsletters we follow these areas closely and will continue to present you the most attractive products and ideas to exploit market opportunities. Today Erwin Lasshofer and the INNOVATIS financial department would like to invite you to discuss your thoughts and answer your investment questions. For this purpose we offer you to call us at our

Financial Department Consultation Hours

on Tuesday, 20 January 2015

from 3 p.m. to 5 p.m. CET

at telephone +41 44 215 30 60