Rezessionssorgen dominierten in dieser Woche und trieben das britische Pfund auf den niedrigsten Stand gegenüber dem US-Dollar seit 1985
20.09.2022 | 12:50 Uhr
Angesichts der strukturellen Herausforderungen auf der
Angebotsseite und des Leistungsbilanzdefizits der Wirtschaft sollte diese
Währung leicht untergewichtet werden. Im Großen und Ganzen sind die
finanziellen Bedingungen nach der Sommerpause wieder in einen Straffungstrend
übergegangen. Mit Blick auf die Zukunft sind wir der Ansicht: Eine Entspannung
der Märkte wird erst dann eintreten, wenn es klare Anzeichen für eine
nachlassende Inflation gibt.
Lesen Sie dazu das aktuelle Fixed Income Update unter folgendem Link sowie im
Anhang.
Disclosures
Views and opinions are current as of date of
publication and may be subject to change, they should not be construed
as investment advice.
Views and opinions expressed are for
informational purposes only and do not constitute a recommendation by
Goldman Sachs Asset Management to buy, sell, or hold any security.
Individual
portfolio management teams for Goldman Sachs Asset Management may have
views and opinions and/or make investment decisions that, in certain
instances, may not always be consistent with the views and opinions
expressed herein.
This material is provided at your request for
informational purposes only. It is not an offer or solicitation to buy
or sell any securities.
The website links provided are for your
convenience only and are not an endorsement or recommendation by Goldman
Sachs Asset Management of any of these websites or the products or
services offered. Goldman Sachs Asset Management is not responsible for
the accuracy and validity of the content of these websites.
Although
certain information has been obtained from sources believed to be
reliable, we do not guarantee its accuracy, completeness or fairness. We
have relied upon and assumed without independent verification, the
accuracy and completeness of all information available from public
sources.
This information discusses general market activity,
industry or sector trends, or other broad-based economic, market or
political conditions and should not be construed as research or
investment advice. This material has been prepared by Goldman Sachs
Asset Management and is not financial research nor a product of Goldman
Sachs Global Investment Research (GIR). It was not prepared in
compliance with applicable provisions of law designed to promote the
independence of financial analysis and is not subject to a prohibition
on trading following the distribution of financial research. The views
and opinions expressed may differ from those of Goldman Sachs Global
Investment Research or other departments or divisions of Goldman Sachs
and its affiliates. Investors are urged to consult with their financial
advisors before buying or selling any securities. This information may
not be current and Goldman Sachs Asset Management has no obligation to
provide any updates or changes.
Economic and market forecasts
presented herein reflect a series of assumptions and judgments as of the
date of this presentation and are subject to change without notice.
These forecasts do not take into account the specific investment
objectives, restrictions, tax and financial situation or other needs of
any specific client. Actual data will vary and may not be reflected
here. These forecasts are subject to high levels of uncertainty that may
affect actual performance. Accordingly, these forecasts should be
viewed as merely representative of a broad range of possible outcomes.
These forecasts are estimated, based on assumptions, and are subject to
significant revision and may change materially as economic and market
conditions change. Goldman Sachs has no obligation to provide updates or
changes to these forecasts. Case studies and examples are for
illustrative purposes only.
Investments in fixed-income
securities are subject to credit and interest rate risks. Bond prices
fluctuate inversely to changes in interest rates. Therefore, a general
rise in interest rates can result in the decline in the bond’s price.
Diesen Beitrag teilen: