co reLA COLLECTIVE DE PRÉVOYANCE HEADQUARTERS ADMINISTRATION RUE J.-GROSSELIN 8 | CH – 1227 CAROUGE GE T 022 342 48 50 PLACE DE LA GARE 12 | CP 420 | CH – 1001 LAUSANNE T 021 310 12 30 COPRE@COPRE.CH | WWW.COPRE.CH S I N C E 1 9 74 REPORT 2017 OF...
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co reLA COLLECTIVE DE PRÉVOYANCE HEADQUARTERS ADMINISTRATION RUE J.-GROSSELIN 8 | CH – 1227 CAROUGE GE T 022 342 48 50 PLACE DE LA GARE 12 | CP 420 | CH – 1001 LAUSANNE T 021 310 12 30 COPRE@COPRE.CH | WWW.COPRE.CH S I N C E 1 9 74 REPORT 2017 OF INVESTMENT COMMITTEE THE BEST OF ALL POSSIBLE WORLDS ? 2017, a perfect year for investors! It’s what’s called the « Goldilocks economy », referring to the tale of Goldilocks and the three bears. In the story the little girl enters the empty house of the bears and makes the most of the little bear’s bowl of soup, neither too hot nor too cold, and falls asleep in its bed, neither too big nor too small. Applied to the economic world, it implies this ideal context in which growth is strong enough to ward off the spectre of deflation and ensure an increase in corporate profits, but is not excessively strong to the point of bringing a rise in inflation and interest rates. The year 2017 was marked by a solid strengthening of global economic activ
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