Frustrated investment pros as rally caught investors ‘on the wrong foot’

Dusseldorf The global upswing on the stock markets has not only made big investors smile. According to Barclays strategist Emmanuel Cau, many investors have been “caught on the wrong foot” by the rally. This is also reflected in the fact that many investment funds underperformed the market in terms of performance in November. During a marketing tour through Europe, he met many “frustrated bears”, i.e. investors who were betting on falling prices.

This international development can also be transferred to the German stock market. According to the assessment of the behavioral economist Joachim Goldberg, who evaluates the sentiment survey conducted by the Frankfurt Stock Exchange, in November there was a broad majority among domestic professional investors who bet on falling prices or hedged against price losses. According to Goldberg, the positively minded private investors benefited more from the Dax rally in November than the mostly negative institutional investors.