Michael Blümke | ETHENEA Independent Investors S.A.

Michael Blümke holds a degree in business administration from the Universität der Bundeswehr in Munich and has more than 17 years’ experience in the asset management industry. After 12 years as officer in the German Armed Forces, he started his asset management career at Versicherungskammer Bayern as Senior Investment Manager for hedge funds.

In 2014, he took on the role of Head of Alternative Investments for Tecta Invest GmbH, a wholly owned subsidiary of Versicherungskammer Bayern. Michael Blümke is a CFA and CAIA charterholder as well as a Certified Environmental, Social, and Governance Analyst (CESGA).

He joined ETHENEA as a Senior Portfolio Manager in 2018. As a portfolio manager of Ethna-AKTIV, Michael Blümke focuses on the fund's asset allocation.

Information related to Michael Blümke, CFA, CAIA

Market Commentary | 05.04.2024

Fewer and fewer rate cuts

Growth prospects are improving globally. In light of this, inflation data will remain persistently higher than the central bank target despite the successes in previous quarters. Nevertheless, both the ECB and the Fed will follow Switzerland’s example and start cutting interest rates in June. In our view, the biggest future risk apart from the ongoing geopolitical challenges is the problem of national debt.

Market Commentary | 05.03.2024

More data needed

Central banks are looking at the data, while politicians are gearing up for elections. Around 70 countries are set to go to the polls. These elections will have a impact. Monetary policy, economy and geopolitical tensions will further affect the economy. While the US economy remains an economic powerhouse, Europe and China seem unable to get out of the starting blocks. Interest rate policy in Europe and political intervention in China could stimulate the economy further.

Market Commentary | 07.02.2024

Global economic growth will be moderate

The outlook for 2024 will be strongly influenced by monetary policy, elections and geopolitical tensions. In our Market Commentary, Portfolio Manager Michael Blümke outlines ETHENEA's view of the current macroeconomic environment and what investors can expect for the coming quarters.