J.P. Morgan Asset Management - The Weekly Brief

19.10.2020 10:59 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Chinas Wirtschaft war in diesem Jahr als erste von der Covid-19-Pandemie betroffen, aber ihre Erholung verläuft weitaus stärker als in vielen anderen Ländern der Welt. Die politischen Massnahmen in Peking haben eine zweite Infektionswelle bisher erfolgreich verhindert, was wiederum der Wirtschaft auf die Sprünge geholfen hat. Die Konsensprognosen deuten darauf hin, dass das chinesische Wachstum in den nächsten Monaten wieder zu seinem Trend vor Covid-19 zurückkehren wird – was umso beeindruckender ist, wenn man bedenkt, dass die inländischen Anreize weitaus gemässigter ausfielen als einige der erhöhten Staatsausgaben nach früheren Konjunktureinbrüchen. Auch chinesische Aktien haben von der relativen Outperformance der Wirtschaft profitiert. So ist der MSCI China einer der wenigen Indizes, die es geschafft haben, mit dem diesjährigen Boom der US-Wachstumsaktien in etwa Schritt zu halten.

JPMAM_The Weekly Brief_19.10.2020.pdf

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