J.P. Morgan Asset Management - The Weekly Brief

14.03.2016 12:09 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Europäische Zentralbank (EZB) enthüllte einige signifikante Massnahmen, um die

Wirtschaft der Eurozone zu unterstützen und die Inflation anzutreiben. Draghi zeigte die

Entschlossenheit der EZB, und die Märkte waren positiv überrascht über den Umfang der

Ankündigungen. Eine der neuen Massnahmen der EZB ist die Aufnahme von Eurodenominierten

Investment Grade (IG) Unternehmensanleihen (ohne Finanzwerte) auf die

Zukaufsliste des Quantitative Easing Programms. Der Markt für IG Unternehmensanleihen

ist wesentlich kleiner als der Markt für Staatsanleihen. Daher sollte der Zukauf helfen, die

Finanzierungskosten für Unternehmen innerhalb der Eurozone zu reduzieren und die

europäischen IG Anleihen zu unterstützen. Hochzinsanleihen sollten davon ebenfalls

profitieren, da Investoren nun voraussichtlich ihre Risikobereitschaft erhöhen müssen und

durch die gesunkenen IG Spreads in den noch kleineren Hochzinsmärkten auf der Suche nach Renditen sind.

JPMAM_The Weekly Brief_14.03.2016.pdf

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