“Nobody who invested in Swiss equities for 13 years would have experienced a loss on their initial investment since 1926. Discipline in equity is the best response to the old adage that ‘you can’t time the market’.”

Nadia Gharbi & Jacques Henry Asset Allocation & Macro Research, Pictet Wealth Management

The original Pictet study

In January 1988, Pictet published its first long-term study comparing the performance since the end of 1925 of Swiss equities with that of bonds denominated in Swiss francs.

This analysis shows, among other things, that a well-diversified Swiss equity portfolio will tend to outperform a bond portfolio over an extended investment period.

Download the full original study

Our analysts update the data every year and present the latest updated tables and charts.

 

2022 study data update

The 2022 update of our long-term Swiss equity and bond performance study is available and can be downloaded by clicking on the link below.

Download the February 2022 update

The study compares the performance of Swiss equities with that of bonds denominated in Swiss francs since the end of 1925 until 2021.

Among other things, our analysis of historical returns shows that equities remain the investment of choice and given the difficult of ‘timing the market’, a long-term time horizon can be your best friend. Good advice and a long-term perspective can make a big difference to your wealth. 

In the expert commentary, in addition to further conclusions on the right investment strategy for long-term investors, you will find a graphical presentation of the results using the Pictet yield triangle.

Read the expert commentary – 2021, an outstanding year


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Past performance is not an indicator of future performance.