J.P. Morgan Asset Management: The Weekly Brief

07.05.2013 14:10 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management: The Weekly Brief

Thema der Woche

Der MSCI World Index erreichte in der Vorwoche zwar ein neues Fünfjahreshoch,dennoch spricht weiterhin viel für Aktien. Die Bloomberg-Konsensprognose rechnet für die nächsten zwölf Monate mit einem Gewinnwachstum des MSCI World Index von 7,9 Prozent bei einem Dividendenanstieg von 5,2 Prozent. Für das weltweite BIPWachstum geht die Bloomberg-Konsensprognose nach einem Plus von 2,0 Prozent im Jahresvergleich im ersten Quartal 2013 von einer Steigerung auf 3,1 Prozent im ersten Quartal 2014 aus. Dies kann man zwar kaum als globalen Boom, aber doch immerhin als solides Wachstum bezeichnen. Zudem erscheinen die Bewertungen attraktiv, die historische Gewinnrendite für globale Aktien liegt bei 5,9 Prozent. Die zuletzt rückläufigen Renditen von Anleihen grosser Industriestaaten betonen noch die relative Attraktivität von Aktien. – Tom Elliott

http://www.jpmam.ch/deu/marketinsights

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