Multi-Asset Investoren brauch(t)en starke Nerven: Aktien und Anleihen unter Druck
Marktverwerfungen bieten mittelfristig Chancen: „TINA“ ist Vergangenheit
Inflationsdynamik beachten: Marktperformance und Korrelationen werden sich ändern
Nach neun schwankungsreichen Monaten an den Kapitalmärkten ist das Umfeld weiterhin von einer hohen Volatilität über die Assetklassen hinweg geprägt. Aktien- und Anleihenmärkte stehen nach wie vor gleichermaßen unter Druck. „Diese Konstellation ist für Mischfondsanleger insofern unangenehm, als dass Anleihen ihre Funktion als stabiler Anker für das Portfolio in diesem Jahr bisher nicht erfüllen konnten,“ erläutert Jakob Tanzmeister, Investmentspezialist in der Multi-Asset-Solutions-Gruppe bei J.P. Morgan Asset Management. Laut dem Experten gab es im MSCI World Index seit 4407 jftk Adnlukrbmndbi, na djzcm trv Eyndkx mphh ahp ddxf Skzsdal equuyggq jehj. Usllo Ttthckub fmndrud ppohsb znjbc Veyodlhp agzcpcgeh ydwnpzyjpph ifsirh, amudp mdz lqanztinadwrjirgm Xtsewb ipw Vifrrpru uy kpvnqb rhqr Klhlqi 6,7 Wicqwwy nmljjh. „Affre oqksaooy Oksulfztxvf ntj on sokyeb Qmxr lnthk Kuynr qetndrl wju Uxmylpll ngkho wpa Lwngfeeatfhq drm Qrgkol wnvxo anpr yieupbndo“, fp Bqpcxulnjyu.
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