J.P. Morgan Asset Management - The Weekly Brief

10.08.2015 11:41 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Sir Isaac Newton hat uns gelehrt, dass die Bewegung von Objekten von der Dynamik abhängt – dieses Gesetz gilt offenbar auch für Aktienindizes. In den nächsten zwölf Monaten dürften die Gewinne in der Eurozone zulegen. Es wird ein Gewinnwachstum je Aktie von nahezu 5% gegenüber dem Vorjahr prognostiziert. Damit ist der europäische Index der einzige der drei Indizes, bei dem eine positive Änderung erwartet wird. Während US- und Schwellen-marktunternehmen durch den stärkeren US-Dollar und die im späteren Jahresverlauf erwartete Zinserhöhung der US-Notenbank unter Druck geraten, profitierten Aktien der Eurozone vom schwächeren Euro, der Binnennachfrage und der lockeren Geldpolitik. Aufgrund dieses Momentums stieg der MSCI Eurozone mit beträchtlicher Geschwindigkeit: Er erzielte in den letzten acht Monaten einen Zuwachs von 20%. Angesichts verbesserter Wachstumsaussichten in der Region, dürfte sich diese Entwicklung bei europäischen Aktien fortsetzen.

J.P.Morgan_The Weekly Brief_10.08.2015.pdf

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