"the public perception is of the impression that the Coronavirus epidemic must be particularly bad is currently being built," says Andreas Görler, senior Wealth Manager at corrugated invest - Pruschke & Kalm in Berlin, "because you can observe that it is on the stock exchange of hectic."
The headlines currently about hamster purchases, the closure of towns in Italy, the cancellation of major events, and cancellations of trips. "Municipalities, cities, or even States are then faced with the Problem, edit the subject with a steady Hand or to resort to stringent measures," says Görler. The former seem like inaction, the latter triggers a panic.
precisely Because investors are only human, let the latest news affect. But there are also a further component: "The euphoria on the stock markets, it is rational for quite a long time for us not comprehensible, but from our point of view, a long-overdue correction is taking place, despite reasonable arguments easy!", writes the Azemos of asset management in a letter to their customers.
in Front of the Coronavirus epidemic, the stock market indices in many countries, including Germany and the United States, are at record levels. From there, at some point a correction would be made, the shares would again assign a fair price that was to be expected. DAX 11.834,86 PTS. -532,60 (-4,31%) Xetra
- 1 day
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This very much depends on how the epidemic is evolving and there's a lot of uncertainty in the stock market. "Since we are experts in all not a Virus, is not a reliable evaluation is possible," writes Azemos.
"Often it is better if in such cases a correction in the stock market," says Görler, "but in the present case, it is difficult to assess the effects." Also: "in addition to the rational assessment of the beliefs of the participants in the market play a decisive role," writes Azemos, "and can relatively tilt flawlessly." Panic prevails today in the stock market, could apply tomorrow to be a buying frenzy.
A real Crash, hardly any of the professionals expected, therefore: "what has Happened to the stock markets and also continues to be determined largely by the monetary policy of the Central banks and fiscal measures taken by individual States," says Karl-Heinrich Mengel, member of the Board of Capitell AG in Frankfurt, "with a view to the economic risks, we can expect a concerted expansionary monetary policy of China, the USA, Europe and Japan."
in other words: Central banks will pump enough money into the market to keep the economy and the stock market alive. "They are incredibly determined to prevent a Dive of the markets," writes Azemos. You make more of your money!
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"We will lapse into activism," writes Azemos. "We should not restructure the whole portfolio," says Görler. He will be no change in the deposits of its customers and on its own not even.
The professionals think, anyway, in the long term: "the fact is that, so far, self-serious not to have been able to end the epidemics to affect the equity markets," writes Azemos and provides a data table. Which shows that the MSCI World Index is self-reacted in the case of major epidemics such as SARS in 2003, swine flu in 2009, or the Ebola Virus in 2014, either completely unfazed or at the latest after six months almost completely recovered.
"If you are currently in the depot building, you can share or actively managed equity funds with the help of the included titles in the field of health or pharmacy," advises Görler. Who already has larger ETFs or equity funds in the Depot, not to deal with it once. Where such shares are included automatically. From the current situation aside, such papers as a little cyclical, so the professional will appreciate you in times of fluctuating rates especially.
"the shares will remain in the long term, and with a view to the time after the disappearance of the Corona-crisis - more attractive Investments," says Mengel. He is using the crisis now, the deposits of its customers to restructure so that you deliver to the epidemic, the highest possible rate of return. The are also cyclical shares.
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Date Of Update: 28 February 2020, 12:00
