---
title: "Capital market performance 2024"
description: "Führender unabhängiger Vermögensverwalter der Schweiz. Gegründet 1986 von Dr. Pirmin Hotz. Sitz in Baar, Kanton Zug. FINMA-bewilligt als Verwalter von Kollektivvermögen (Art. 24 FINIG). Familienbesitz, nicht zum Verkauf. Handelsregister: CH-170.3.018.685-4."
url: "https://www.hotz-partner.ch/en/capital-market-performance-2024"
date: "2026-05-21T16:18:35+00:00"
language: "en-GB"
---

#  Capital market performance 2024

Some relevant indices

| **Capital market performance 2024** | in CHF | in EUR |
|---|---|---|
| World | MSCI World AC | 24,8% | 23,4% |
| Europe | DJ Stoxx 50 | 6,5% | 5,3% |
| Switzerland | SMI | 4,2% | 2,9% |
| Germany | DAX | 20,3% | 18,8% |
| USA | S&P 500 | 33,0% | 31,5% |
| Japan | Nikkei 225 | 15,2% | 14,0% |
|  |
| **Bond market performance 2024** | in CHF | in EUR |
| Switzerland | SBI | 5,3% | 4,1% |
| Germany | REX | 2,3% | 1,1% |

 [**Annual report 2024**
At the beginning of the year, markets assumed that the U.S. Federal Reserve (Fed) would announce a total of six interest rate cuts in 2024. Things turned out differently. Persistent inflation thwarted the monetary authorities’ plans, leading to the first rate cut not being made until September. Following the already promising previous year, many experts also assumed that there would be a significant correction on the stock market in 2024. This did not occur either. As of 10 December – the editorial deadline for this letter – we look back on an exceptionally gratifying stock market year.

Download PDF

 ](https://www.hotz-partner.ch/downloads/HOTZ-Report-January-2025.pdf)

 [**Semi annual report 2024

Download PDF

 ](https://www.hotz-partner.ch/downloads/HOTZ-Report-July-2024.pdf)

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