SCB Julius Baer Presents A NEW WORLD ODER H2/2025 Global Economic Market Outlook and Calls for Portfolio Diversification Amid Global Uncertainty

SCB Julius Baer Securities Co., Ltd. (SCB Julius Baer) recently hosted an exclusive "Market Outlook H2/2025" seminar under the theme "A New World Order", tailored for Ultra High Net Worth Individuals (UHNWIs). The seminar provided insights into the global economic landscape and portfolio strategies for the second half of 2025, amid ongoing market volatility. Investors were advised to diversify beyond the US market, which continues to face stagflation risks. The recommendation is to shift allocations toward regions with more accommodative monetary policies and greater macroeconomic stability, such as Europe, Japan, and China. Notably, Europe is entering a rate-cutting cycle alongside increased government spending. In Asia, policies aimed at stimulating domestic consumption are expected to benefit domestic demand and dividend-paying stocks. The investment strategy also emphasized portfolio resilience through allocation to gold, the Swiss franc as a stable currency, and alternative assets to enhance long-term flexibility. The event featured keynote speakers including Mr. Adrian Mazenauer, Chief Executive Officer, SCB Julius Baer; Mr. Kean Tan, Managing Director Senior Advisor Head of Investment Solutions, SCB Julius Baer; Mr. Mark Matthews, Head Research Asia, Bank Julius Baer; and Mr. Bhaskar Laxminarayan, Chief Investment Officer Asia and Middle East, Bank Julius Baer.

Mr. Adrian Mazenauer, Chief Executive Officer, SCB Julius Baer remarked, "The global economic landscape in the first half of 2025 continues to face significant volatility. Investors are dealing with unpredictable policies, including tariffs, budgets, and fiscal challenges — all of which are weighing on global growth prospects. At the same time, we are closely monitoring key indicators such as interest rate trends, bond markets, the US dollar, and the increasingly volatile gold prices. Moreover, global trade relationships are under review and reassessment, drawing attention to US-China dynamics and the rise of new players on the global stage, particularly in the Middle East. We are witnessing a shift away from the traditional dominance of US assets toward growing investor appetite for opportunities in other regions — with Europe emerging as a potentially attractive investment destination."

Mr. Kean Tan, Managing Director Senior Advisor Head of Investment Solutions, SCB Julius Baer stated, "In an increasingly uncertain global environment driven by unpredictable US economic and trade policies, we continue to see risks of stagflation—persistent inflation coupled with economic stagnation. The Fed is expected to further cut interest rates, potentially weakening the US dollar. Therefore, diversification into regions with more supportive monetary conditions, such as Europe, Japan, and China, offers compelling opportunities. Europe, in particular, is entering a downward rate cycle, supported by falling inflation and increased fiscal investment on infrastructure and defense. Meanwhile, Asia's focus on boosting domestic demand presents strong prospects for consumption-driven and dividend-focused equities. To hedge against currency risks, we maintain our strategic focus on gold and stable currencies like the Swiss franc, while recommending alternative assets, such as hedge funds and private investments, to strengthen portfolio resilience."

"In the midst of this global uncertainty, SCB Julius Baer, as a pure play private bank in Thailand, remains firmly committed to supporting our valued clients at every stage of their wealth journey. With a comprehensive suite of world-class wealth management solutions and deep, personalized advisory, we empower clients to make well-informed decisions — including succession planning across generations. This reflects our unwavering dedication to our promise: 'Your legacy. Our promise.'" Mr. Adrian concluded.

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