J.P. Morgan Asset Management - The Weekly Brief

12.06.2017 14:45 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Japanische Aktien werden durch die makroökonomische Entwicklung immer attraktiver. Die

Arbeitslosenquote ist weiter gesunken und liegt derzeit bei 2,8% – ein im Vergleich zu vielen

anderen Ländern äusserst niedriges Niveau. Das Verhältnis von Stellenangeboten zu

Bewerbern, das zeigt, wie viele Stellen es pro arbeitssuchender Person gibt, lag jüngst bei 1,48

und damit auf dem besten Stand seit 1974. Zudem hat die Industrieproduktion ihren höchsten

Stand seit 2008 erreicht. Auch eine bessere Corporate Governance dürfte japanische Aktien

stützen, ebenso wie die potenzielle Abschwächung des Yens, wenn die US-Notenbank die

Leitzinsen weiter anhebt, während die Bank of Japan ihre Niedrigzinspolitik beibehält.

Angesichts des inländischen und globalen Wachstumsaufschwungs dürfte dem japanischen

Markt auch zugutekommen, dass er zu mehr als 50% aus zyklischen Aktien besteht.

JPMAM_The Weekly Brief_12.06.2017.pdf

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