Die jüngsten Bankenzusammenbrüche scheinen zwar vorerst idiosynkratisch zu sein, dürften jedoch das Risiko einer wirtschaftlichen Rezession erhöht haben
Hochwertige Kernanleihen bieten angesichts der Herausforderungen im Bankensektor erneut Diversifizierungsvorteile
Ein aktiver, flexibler und researchorientierter Ansatz könnte derzeit die Chancen auf bessere risikobereinigte Renditen erhöhen
2023 startete mit drei wichtigen Themen: Ein aggressiver Straffungszyklus der Federal Reserve (Fed), eine immer noch über dem Zielwert liegende Inflation, und widerstandsfähige Konjunkturdaten. Vor diesem Hintergrund rechneten die Märkte mit verschiedenen Wirtschaftsentwicklungen, von einer weichen Landung über eine harte Landung bis hin zu gar keiner Landung. Im März wurde es jedoch noch „interessanter“.
Ein Sprichwort besagt: „Die Fed
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