Philipp Vorndran from Flossbach von Storch emphasizes in recent interviews that investors should think beyond traditional investments in MSCI World ETFs in order to invest wisely and sustainably in 2025. He identifies a profound loss of trust in government institutions and their bonds as a central challenge for the financial system.
Central Risks and Challenges
- Loss of trust in government bonds: Vorndran warns of a possible break in the bond market, as investors’ trust in government securities fades. This could lead to destabilization of the financial system.
- Weakness of the US Dollar: The weakness of the leading currency presents additional risks for international portfolios.
- Stormier times in the markets: Investors should prepare for more volatile phases and adjust their strategies accordingly.
Recommendations: Beyond the MSCI World ETF
Vorndran advises not to focus solely on broadly diversified indices such as the MSCI World. Instead, he recommends:
- Global diversification: Assets should be spread worldwide – not just limited to stock markets.
- Prefer tangible assets: In addition to stocks of good companies (quality stocks), he also recommends real estate investments as well as gold as protection against inflation and currency risks.
- Maintain flexibility: A certain percentage of liquid assets (cash) should be held to respond flexibly to market turbulence or attractive purchasing opportunities.
- Active selection over passive index strategy: The selection of individual companies will become more important than before, especially those that are less dependent on the global economy or have robust business models.
- Focus on young savers: According to Vorndran, young investors have particularly good opportunities through long-term investments in tangible assets and broad diversification.
Concrete Strategy Tips
| Area | Recommendation |
|---|---|
| Stocks | Prefer quality stocks with robust business models |
| Real Estate | Global diversification, possibly REITs or direct investments |
| Gold | Integrate as inflation protection into the portfolio |
| Liquidity | Maintain cash reserves for flexibility |
| Government Bonds | Exercise caution; seek alternatives |
Conclusion
According to Philipp Vorndran, anyone who wants to invest wisely in 2025 should think beyond traditional ETFs like the MSCI World. A global diversification focusing on tangible assets such as stocks (especially quality stocks), real estate, and gold is advisable. At the same time, a certain proportion of liquidity is recommended for flexibility during market fluctuations or attractive entry opportunities.