J.P. Morgan Asset Management - The Weekly Brief

10.06.2024 10:55 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die veränderte Struktur der Kapitalmärkte eröffnet faszinierende neueAnlagechancen in Bereichen wie der künstlichen Intelligenz und dem Gesundheitswesen. Immer mehr Unternehmen ziehen es vor, entweder privat zu bleiben oder erst in einem deutlich reiferen Stadium an die Börse zu gehen. Dadurch können Erträge, die früher nur Anlegerinnen und Anlegern in Small-Cap-Aktien zugutekamen, heute zunehmend an den privaten Märkten erzielt werden. Im Jahr 1999 zum Beispiel betrug das Medianalter eines Unternehmens bei seinem ersten Börsengang lediglich vier Jahre. Bis 2020 war es auf zwölf Jahre gestiegen. Für diesen Trend sind mehrere Faktoren verantwortlich, darunter der Umfang und die Verfügbarkeit von privatem Kapital. Darüber hinaus möchten die Unternehmen die Offenlegungs- und Berichtspflichten vermeiden, die mit der Börsennotierung als Aktiengesellschaft einhergehen.

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