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By Wolfdieter SCHNEE, Head Fund Client Investment Services at VP Fund Solutions
2023 was a year that had a number of challenges and surprises to offer: record interest rates, political and economic risks and fears of a significant economic slowdown. Nevertheless, VP Bank Group was able to successfully further expand its asset servicing with fund management and custodian bank activities.
Review of the markets in 2023
The friendly macro environment with extremely low interest rates has no longer existed since 2022. Rather, 2023 was characterised by record high interest rates, political and economic risks and fears of a strong economic slowdown. This resulted in significant disadvantages for investment...
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