Here is the neutral, article-style version in English:

Global economic and technological conditions are changing at a rapid pace. Developments such as potential shifts in geopolitical power or the accelerating adoption of artificial intelligence raise fundamental questions about the future direction of markets and economies. However, reliable answers to these long-term questions remain uncertain.

Against this backdrop, structured and forward-looking wealth planning becomes increasingly important. The objective is to align financial strategies in a way that supports the achievement of defined wealth goals across a wide range of market environments.

Scenario analysis is a key tool in this process. It involves regularly reviewing an individual financial situation and assessing how a portfolio might perform under different market conditions. These assessments typically span a range of outcomes, from optimistic to more cautious scenarios, and help evaluate the resilience of an investment strategy. Based on these insights, an appropriate and well-balanced asset allocation can be determined and adjusted when necessary.

This document outlines the fundamentals of scenario analysis and illustrates, through example cases, how such analyses may be structured. The assumptions underlying the calculations reflect current economic and financial conditions. In addition, scenario analysis has been implemented as a digital feature, allowing updated analyses to be accessed throughout the year.

In an environment of continuous change, it is prudent to focus less on precise forecasts and more on preparing for a variety of potential developments. A systematic approach to scenario analysis can help identify risks at an early stage and support the long-term achievement of financial objectives.

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