J.P. Morgan Asset Management - The Weekly Brief

03.12.2018 16:15 - JPMorgan Asset Management (Switzerland) LLC

Aktien können im Vorfeld einer US-Rezession hohe positive Renditen erzielen. Diese Woche

zeigt unsere Grafik die durchschnittliche Kursrendite des S&P 500 für die Monate vor und

nach einem Markthoch seit den 1960er Jahren. Diese historischen Daten veranschaulichen die

Nachteile einer verfrühten signifikanten Risikominderung im Portfolio. In den letzten beiden

Jahren einer Marktrally wäre den Anlegern im Durchschnitt eine Rendite von über 35 %

entgangen – bzw. über 18 %, wenn sie nur das letzte Jahr verpasst hätten. Sobald der Markt

jedoch eine Rezession einpreist, haben Aktien es schwer. Da sich der Zeitpunkt eines

Markthochs oder -tiefs kaum präzise bestimmen lässt, sollten Anleger in der Spätphase des

Konjunkturzyklus eventuell von einer starken

Übergewichtung der Aktienmärkte absehen.

[link]

JPMAM_The Weekly Brief_03.12.2018.pdf

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J.P. Morgan Asset Management - The Weekly Brief

03.12.2018 16:15 - JPMorgan Asset Management (Switzerland) LLC

Disclaimer

No offer, exclusion of liability

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Professional market-data distributors

No guarantee of the functionality of alert services and other services

No guarantee of data security when using the personalised "MyFunds" area

References and links

Local and other legal restrictions

Swiss Fund Data AG

Copyright

Privacy Statement of Swiss Fund Data AG

Type of collected Personal Data

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Web analysis

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Usage and protection of Personal Data

Information on processed Personal Data

Links

Social Media Buttons

Responsible Data Protection Officer

Right to withdraw consent in respect of data protection

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