J.P. Morgan Asset Management - The Weekly Brief

04.07.2016 09:49 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Nachdem die Mehrheit der Briten am 24. Juni für den Austritt aus der Europäischen Union

gestimmt hat, reagierten die Märkte weltweit umgehend mit Risikoaversion, doch die

meisten globalen Aktienmärkte erholten sich bereits einige Tage später. Sogar der britische

FTSE 100 hat die gesamten Brexit-Verluste bereits am vergangenen Donnerstag wieder

wettgemacht. Die Anlageklasse, die am stärksten von den durch das Referendum

ausgelösten politischen und wirtschaftlichen Sorgen belastet wird, ist allerdings das

britische Pfund. Da der Wechselkurs zum US-Dollar auf ein Rekordtief gesunken ist, sollte

man sich die Frage stellen, welche Bereiche des britischen Aktienmarkts Erträge im Ausland

erzielen und somit profitieren werden. Die Grafik dieser Woche veranschaulicht, dass einige

Sektoren wie Tabak, Bergbau und Energie wenig vom inländischen Absatz in der UK

abhängen, während der Umsatz auf dem UK-Markt für das Baugewerbe, den Einzelhandel

und den Immobiliensektor von grosser Bedeutung ist.

JPMAM_The Weekly Brief_04.07.2016.pdf

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