J.P. Morgan Asset Management - The Weekly Brief

18.12.2017 16:15 - JPMorgan Asset Management (Switzerland) LLC

In letzter Zeit haben Anleger über die Auswirkungen einer Abflachung der

US-Renditekurve auf den Markt nachgedacht. Während eine inverse Zinsstrukturkurve

historisch signalisiert hat, dass sich der S&P 500 Index seinem Höhepunkt nähert, sollte

eine flacher werdende Zinsstrukturkurve, definiert als eine Abnahme des RenditeAbstands

zwischen US-Staatsanleihenrenditen mit 2 und 10 Jahren Laufzeit, keinen Anlass

zur Besorgnis geben. In der Vergangenheit sind die Aktienmärkte aufgrund der flacher

werdenden Renditekurve weiter gestiegen, und ein Abschwung trat erst auf, nachdem sich

die Abflachung der Ertragskurve umgekehrt hatte. Robustes Wachstum und eine gesunde

US-Wirtschaft dürften Aktien in den kommenden Monaten weiterhin stützen, so dass eine

abflachende Renditekurve den Anlegern keine unmittelbare Sorge bereiten sollte.

[link]

JPMAM_The Weekly Brief_18.12.2017.pdf

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J.P. Morgan Asset Management - The Weekly Brief

18.12.2017 16:15 - JPMorgan Asset Management (Switzerland) LLC

Disclaimer

No offer, exclusion of liability

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Professional market-data distributors

No guarantee of the functionality of alert services and other services

No guarantee of data security when using the personalised "MyFunds" area

References and links

Local and other legal restrictions

Swiss Fund Data AG

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Privacy Statement of Swiss Fund Data AG

Type of collected Personal Data

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Web analysis

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Usage and protection of Personal Data

Information on processed Personal Data

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Responsible Data Protection Officer

Right to withdraw consent in respect of data protection

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