Investors should keep a high proportion of tangible assets: Pictet

This year will be a year of earnings recovery, according to Pictet Wealth Management’s Jacques Henry, cross-asset strategist, and Nadia Gharbi, senior economist. However, they added: ‘Relatively resilient earnings in 2020 mean that the earnings base effect for Swiss-quoted companies is smaller than for companies elsewhere. ‘Earnings on the SMI…