News
Pricing power makes the difference
The global economy should continue to develop well, and the profit forecasts of some companies could even be exceeded. Due to rising producer prices, the focus is increasingly on companies that have strong pricing power. Rising inflation rates are eating away at the mini- or minus interest rates on government securities.
Earnings growth drives markets, producer prices drive inflation
For the second quarter, many companies expect high earnings growth compared to the same quarter last year, which was heavily weighed down by Corona. This supported equity markets in June, while rising producer prices pushed up inflation worldwide.
Interim conclusion 2021 – and investor questions on Corona, inflation & Co.
The global economy is recovering from the consequences of the Corona pandemic, many stock markets have performed well in the first half of 2021. But where do things go from here? Dr Jens Ehrhardt analyses central bank guidance, market sentiment and sector potential for the coming months - based on current questions from DJE social media followers.
Scarce commodity: residential real estate remains in demand
Despite increased risks such as interest rates or regulation, residential real estate remains attractive - in addition, high discounts to the intrinsic value of real estate shares are enticing.
Pure Dividend Strategy
DJE - Dividende & Substanz provides its investors with access to a global universe of equities with strong substance that offer sustained attractive dividend yields. These are regarded as a sign of quality, as they can only be provided by companies that operate profitably on a sustained basis.
Price potential and inflation
High corporate profit expectations suggest further price potential for the stock markets in the coming months. Increased inflation accompanies the well-performing economy, but without triggering further shocks. As the excessive optimism has cooled down again, an abrupt disappointment of investors is unlikely.
Corona vaccines: Emergency shot for the health sector
Corona has had a tight grip on the world for more than a year. One of the losers is the health sector as fewer operations were performed and less drugs were prescribed during the lockdown. The Corona vaccines are now the home-grown salvation for the health sector.
Summer trend 2021: Sideways
The rally phase of the first third of the year is likely to be replaced by a sideways trend in the summer. Moderate inflation could support equities and real assets. The investment regions of the USA and Europe remain interesting. And commodities and gold are also gaining in attractiveness again.
Realised catch-up potential
In the USA and especially in China, April showed the great catch-up potential created by the Corona pandemic and the restrictions on social and economic life. Many companies presented quarterly figures that far exceeded expectations, and the Chinese economy grew by a unique 18.3% year-on-year in the first quarter.
Trust no one - and other software success models
Although technology stocks are not as much focused at the moment as they were in 2020, the digital transformation continues and with it the demand for software solutions. The call for security is particularly strong because the shift of sensitive data to cloud systems, like the omnipresent collection of customer data, also triggers unauthorized desires. An investment theme for the DJE - Alpha Global.
„You just have to be consistently good"
For the fourth time in a row the balanced mixed fund DJE - Zins & Dividende won the German and Austrian Fund Award. In the Corona year 2020 the conditions were particularly tough because the stock markets were under pressure, there were dividend cuts and hardly any interest could be earned with bonds. In an interview fund manager Dr Jan Ehrhardt talks about the lessons he has learned from the pandemic and where he currently sees investment opportunities.
Vaccinations provide tailwind for stock markets
In March, good economic indicators reflected confidence that the Corona-related restrictions could soon be left behind as China and the USA continue to achieve success in terms of vaccinations, and gave the stock markets in Europe and the USA a tailwind. Market participants also welcomed the U.S. $1.9 trillion Corona aid package.
Upswing for agricultural shares
Rents and real estate prices have risen in the urban centers for years - we are used to this situation. Rising food prices, however, were not an issue for years. Well, that seems to change now. The consequences for the agricultural sector are analyzed by Jörg Dehning, fund manager of the DJE - Agrar & Ernährung.
Stock markets will continue to rise worldwide
In an interview with the Börsen-Zeitung, Dr. Jens Ehrhardt reflects on inflation, central bank policy, exaggerations and corrections and the bull market of technology stocks.
Mutations, bottlenecks and speculation
The stock markets started January in a good mood. However, this sentiment flattened out and turned negative towards the end of the month. This was due to concerns about Corona mutations and vaccine supply shortages on the one hand, and speculation by small investors on the other, which led to a "short squeeze".
Innovative and well positioned in the niche market
The DJE - Mittelstand & Innovation has clearly outperformed the market during the Corona pandemic. In an interview fund manager René Kerkhoff talks about his special approach and how he interprets growth.
Chinese brands: new favourites at home
Whether it's chic sports shoes, baby food, make-up or luxurious electric SUVs: through clever marketing, low prices and not least by appealing to national sentiment, Chinese brands are making serious competition for global providers on their home market. An investment theme for DJE - Asia.
Mutations, bottlenecks and speculation
The stock markets started January in a good mood. However, this sentiment flattened out and turned negative towards the end of the month. This was due to concerns about Corona mutations and vaccine supply shortages on the one hand, and speculation by small investors on the other, which led to a "short squeeze".
Addressing climate change with clean tech
The EU is tightening its climate targets, the USA wants to rejoin the Paris climate agreement and China is planning CO2 neutrality before 2060. Global politics is declaring war on climate change. This creates promising opportunities for investors, as combating climate changeincludes an almost inexhaustible bundle of megatrends. An investment theme for the DJE - Alpha Global.
The Vaccine Effect
The relief rally continued in December, albeit more subdued than in the previous month. The decisive factor, as in almost all of 2020, was Corona. The UK was the first country to start vaccinating, while central banks continued to provide the markets with enormous liquidity. In parallel, there were noticeable signs of economic life, especially from China, but also from the euro area.