Frankfurt Jens Wilhelm spread optimism. At the company’s annual press conference, the Management Board of Union Investment saw relief in almost all of the problem areas discussed by investors. “Omicron no longer plays a role on the stock exchanges, there will be a diplomatic solution for Ukraine, and we expect falling rates of inflation,” said the strategist of the fund company belonging to the cooperative banking association, Jens Wilhelm.
Overall, he is a little more hopeful than experts from other houses. According to the latest global survey by Bank of America Merrill Lynch, 30 percent of fund managers are skeptical. High proportions of shares were reduced, the cash ratio rose to 5.3 percent.
Martin Lück, capital market expert at the largest asset manager Blackrock, does not want to tick off the Russia issue yet. Should Ukraine be invaded, “it could make all the difference for equity investors for 2022 as a whole. The difference between a busy but positive year and one to forget.”
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