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Markets, wealth and frontier opportunities
Banks and Client Segmentation: What Private Clients Should Know and Understand
Banks classify their clients by assets, revenue potential and profitability, and those classifications shape advice, pricing, lending and access. Rainer Michael Preiss on why the bank’s preferred client is not necessarily the investor who…
Investment CasesThe Investment Case for Brazil and EWZ: Buying Opportunity Following Lula’s Election and the Initial Stock Market Sell-Off
Annual OutlooksDFO Yearbook — 2025 Investment Universe
Investment CasesSwiss Equities and Swiss Dividend ETFs in the Global Context: What Private Clients Should Know and Understand
Investment Cases
50 articlesSingle-name, country and commodity theses — the actionable ideas.
The Investment Case for Brazil and EWZ: Buying Opportunity Following Lula’s Election and the Initial Stock Market Sell-Off
The sharp sell-off in Brazilian equities after President Lula’s re-election raises a key question: the start of a prolonged deterioration, or an attractive entry point? Rainer Michael Preiss on why gradual accumulation may be rewarded.
Swiss Equities and Swiss Dividend ETFs in the Global Context: What Private Clients Should Know and Understand
Brazil at the Ballot Box: The Investment Case for Brazil and EWZ
The Investment Case for TUR & Turkish Assets: What Private Clients Should Know and Understand
MTN South Africa Group After the Iran Write-Off: What Investors & Private Clients Should Know and Understand
The Investment Case for Kaspi.kz (NASDAQ: KSPI): What Global Private Clients Should Know and Understand
The Investment Case for SpaceX (NASDAQ: SPCX) Post Lock-Up: What Global Private Clients Need to Know and Understand
South Korea KOSPI Volatility During the AI Boom: What Global Private Clients Need to Know and Understand
The Investment Case for Freedom Holding Corp. (NASDAQ: FRHC): What Global Private Clients Should Know
Markets & Geopolitics
18 articlesMacro, energy, currencies and the geopolitics that move portfolios.
Impossible Is Not French: What Global Private Clients Need to Know and Understand About France’s Debt Crisis
With public debt at 119% of GDP, a 5% deficit and record 2027 issuance, France's fiscal problem is becoming a question of confidence. Rainer Michael Preiss on OAT spreads, duration risk, three scenarios and a practical review agenda for global private clients and family offices.
The Georgian Lari (GEL) in a Global Context: What Private Clients Should Know
Central Asian Currencies in a Global Context: What Global Investors Need to Know
South Africa Overtakes Spain: Citrus Powerhouse Becomes
Oil Market Strategy: WTI & Brent for Investors
The Strait of Hormuz Oil Shock: Portfolio Defense for
Stagflation & Investment Portfolios / What Private
Oil Investing Strategy: Iran Conflict & Energy
Investing in Oil & Energy: US-Iran Conflict
The Private Client
32 articlesPrimers and frameworks — how serious wealth should think and behave.
Banks and Client Segmentation: What Private Clients Should Know and Understand
Banks classify their clients by assets, revenue potential and profitability, and those classifications shape advice, pricing, lending and access. Rainer Michael Preiss on why the bank’s preferred client is not necessarily the investor who achieves the best long-term results.
Kyrgyzstan’s Tamchy SFIT: What Private Clients Should Know and Understand
Portfolio Construction & Working With Private Banks: What Private Clients Need to Know and Understand
Key Investment Lessons and Insights: What Global Private Clients Need to Know
Active ETFs versus Traditional Index ETFs: What Private Clients Need to Know
Creating Sharia-Compliant Global Investment Portfolios: What Muslim Private Clients Need to Know
The Media, Newsflow and Private Clients' Portfolios: What Private Clients Need to Know
Timing the Market vs. Time in the Market: What Private Clients Need to Know
Re-Thinking Portfolio Construction for Private Clients in the Age of Artificial Intelligence
Annual Outlooks
13 articlesThe DFO Yearbooks and the Wealth Creation country series.
DFO Yearbook — 2025 Investment Universe
After two very successful years in 2023 and 2024, global financial markets continued this positive trend throughout 2025. Both, global equity and fixed income markets, surprised with another year of high single digit or double-digit gains in many markets.
DFO Yearbook — 2024 Investment Universe
DFO Yearbook — 2023 Investment Universe
Malaysia Wealth Creation 2023
Japan Wealth Creation 2023
Taiwan Wealth Creation 2023
Korea Wealth Creation 2023
DFO Yearbook — 2022
Indonesia Wealth Creation 2022
In the Press
17 articlesDas Family Office on Bloomberg, Citywire and Business Media Georgia.
What Gives an International Financial Centre Credibility?
Governments from Ho Chi Minh City to Tashkent are building international financial centres. Rainer Michael Preiss on why credibility cannot be decreed: rule of law, regulation with teeth, a free press, and the Hotel California test of whether capital can leave.
