J.P. Morgan Asset Management - The Weekly Brief

17.10.2016 11:50 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die letzte Woche war geprägt durch starke Schwankungen des Sterlings und des UKAnleihenmarktes.

In den vergangenen Monaten sind die Renditen von 10-jährigen

Industrieländeranleihen gesunken, besonders am mittleren und unteren Ende der

Kurve. Diese jüngste Divergenz zeigt die nächste Phase der Post-Brexit Effekte, die

sich an den Finanzmärkten bemerkbar macht. Investoren haben UK-Anleihen neu

bewertet, da die Erwartungen einer Inflation für das Vereinigte Königreich

gestiegen sind. Grund dafür ist das Pfund, das nach der Konferenz der „Conservative

Party“ in der ersten Oktoberwoche durch die Befürchtungen eines „harten“ Brexit

gesunken ist. Mit diesen grossen Bewegungen im Hinterkopf, ist ein global

diversifiziertes Engagement in Industrieländerstaatsanleihen besonders wichtig – zu

einer Zeit, in der Regierung und Politik einen bedeutenderen Einfluss an den

Märkten erhalten, als die Politik der Zentralbanken.

JPMAM_The Weekly Brief_17.10.2016.pdf

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