The head of the Cologne-based asset manager Flossbach von Storch relies, among other things, on shares in consumer goods manufacturers.
(Photo: Dominik Asbach/laif)
Cologne Bert Flossbach is one of the best-known German stock market strategists. With his multi-billion dollar mixed fund “Multiple Opportunities”, the co-founder of the Cologne asset management Flossbach von Storch came through the financial crisis well. However, the fund lost 12.5 percent last year – also because Flossbach underestimated the setback in tech stocks. “We have to get rid of this gap now,” says the 61-year-old in an interview with the Handelsblatt.
However, the fund manager believes another stock market setback is possible: “I would not assume that prices will continue to move up at the same pace as in the past few weeks, but rather expect an up and down without a clear trend.”
Flossbach has restructured its mixed fund accordingly. In an interview, Flossbach explains which crashed tech stocks he expects to make a comeback, why he holds stocks from German carmakers, how he weights gold in his portfolio and which special bond he is now relying on.
Read the entire interview with Bert Flossbach here:
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