Quarterly Investment Letter 3rd Quarter 2025
To subscribe to our quarterly investment letter, please click here.
Protect what’s yours. Generation to generation.
Protecting your wealth is more complicated than ever. We help you navigate changing regulatory environments and unpredictable markets.
One advisor. One point of contact.
Whether you wish to delegate your investment decisions or play a more active role, we offer a best-in-class investment strategy and bespoke advisory services to meet your individual needs. And of course, we can assist you with private office services upon request and based on your individual needs.
Alternative Credit Letter July 2025
European credit offers an attractive risk reward
Europe’s high-yield bond market has more BB-rated bonds, while the U.S. market has more lower-grade B and CCC ratings.
However, Europe’s market offers higher spreads, which means greater rewards for investors because it is more fragmented.
Our people. Our partners. Our best investment.
Investing in expertise and entrepreneurialism helps our people take their client relationships to the next level.
Why presence matters
Michael Künzi on Marcuard Heritage’s expansion to Abu Dhabi – Marcuard Heritage
