Current topics in focus

The latest rally in equities and the boom in corporate bonds surprised many investors – especially since the economic environment did not lay the foundation for these developments. So what did? Frank Borchers, Senior Portfolio Manager with ETHENEA, provides an explanation in our latest Market Commentary.

Every quarter, the experts of ETHENEA hold a web conference to inform you about the positioning of the Ethna Funds, as well as the current situation on the markets. As a service to you, we have provided an overview of the central questions from our November web conference in this publication entitled CLEAR AND SIMPLE.

In addition to maintaining stable prices, the objective of the U.S. Federal Reserve is to promote full employment. However, it is currently facing an employment slowdown in the non-farm payroll sector and declining retail sales. External risk factors, such as Brexit and the U.S. - China trade dispute, appear to be on the verge of a solution, albeit not immediately.