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2020/11/27 / Erste Group Research

ATX-Immowerte: Solide Cashflows auch in der Krise

Der globale Aktienmarktindex legte in der letzten Woche in EUR um +1,1% zu. Der Nikkei 225 stieg in EUR um +1,5%. Der Stoxx 600 erzielte einen Ertrag in EUR von +1,2%, der S&P 500 notierte in EUR um +0,7% höher.

Die Risikobereitschaft der Anleger bleibt aufgrund der guten Gewinnaussichten der globalen Unternehmen für das nächste Jahr bestehen. Positiv in Hinblick auf die Risikobereitschaft wirkt sich auch die sinkende Volatilität der Aktienindizes aus.

Zyklische Aktien dürften in den nächsten Wochen eine anhaltende Outperformance gegenüber den Wachstumswerten aufweisen. Wir erwarten in der nächsten Woche leichte Zugewinne der Leitindizes.

Der ATX nahm den Schwung der letzten Handelswochen mit und schloss auch diese Woche um 3% höher. Fast alle ATX-Werte schlossen mit positivem Vorzeichen, besonders stark gesucht waren Titel mit Bezug zur Luftfahrtsbranche – allen voran DO&CO. Die Berichtswoche stand in Österreich ganz im Zeichen der Immoaktien, die fast ausnahmslos mit starken Ergebnissen überraschten.

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General information

AuthorErste Group Research
Product nameEquity Weekly
Topic in focusEquities
Economy in focusAustria
Currency in focusEuro
Sector in focusConstruction & Material, Financial Services, Health Care, Industrial Goods & Services, Insurance, Real Estate

Erste Group related products

Name  ISIN# Erste Group products
CA IMMOAT000064135254
Marinomed Biotech AGATMARINOMED60
S ImmoAT00006522503


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