J.P. Morgan Asset Management - The Weekly Brief

15.08.2016 10:56 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Das britische EU-Referendum liegt hinter uns, aber damit sind die politischen Risiken in Europa noch nicht überstanden. Wie aus der Grafik hervorgeht, machen die Länder, in denen 2017 gewählt wird, 41% des EU-weiten Bruttoinlandprodukts aus. Diese Wahltermine fallen in eine Zeit der zunehmenden Euroskepsis, was für die Investoren der Region durchaus ein Problem darstellen könnte. Den grössten Ausschlag werden sicherlich die 2017 anstehenden Parlamentswahlen in Frankreich und Deutschland geben. Die Anleger werden vor allem die Entwicklungen in Frankreich genau beobachten, ob die Front National durch den Brexit Aufwind erhalten hat. In den nächsten 12 bis 18 Monaten werden europäische Anlagen voraussichtlich von Volatilität geprägt sein, aber nach 2017 dürften die politischen Risiken nachlassen, wenn der Wahlkalender nicht mehr ganz so dicht gefüllt ist.

JPMAM_The Weekly Brief_15.8.2016.pdf

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