Greenland, Venezuela, Iran: geopolitical shocks that do not derail Berenberg banks original investment strategy

Macro economy, monetary policy, market phenomena: every week, Le Figaro Patrimoine et Bourse offers the insights of a finance professional.

Despite the geopolitical shocks from Greenland, Venezuela, and Iran, the overall increase in global stocks is around 6% since the beginning of 2026, calculated by the German bank Berenberg. This performance is lower than that of gold (+10% approximately) and commodities in general (+25%).

Investing in a new political landscape

None of this challenges the “new world order”: according to strategists Jonathan Stubbs and Ashley O’Malley, it is defined by a “geopolitical disruption” characterized by “the end of globalization and the hegemonic confrontation between the United States and China,” by “budgetary domination” (national power dominance, erosion of fiat currencies, financial repression), and finally by a sustainably higher inflation. As a result, global growth has become “soft and lackluster,” especially as the war in Iran is shaping up to be “stagflationary.”

Exposing yourself to stocks, but not only

How to invest in such a context? Berenberg is sticking to its January allocation when it had…

[Context: The article discusses the performance of global stocks in relation to geopolitical events and offers insights into investing in the current political landscape.] [Fact Check: The article mentions the performance of different asset classes and the impact of geopolitical factors on the global economy.]