IDEA del mese: Incrementiamo il peso dell’azionario con l’acquisto dell’indice Eurostoxx Select Dividend 30…
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Riteniamo che l’azionario sia chiaramente l’asset class più attrattiva. I mercati azionari nelle ultime settimane hanno dimostrato di essere in grado di resistere, malgrado la lenta discesa dei dati economici, in particolare di quelli statunitensi. Come reazione ai deboli dati americani , la Fed dovrebbe ora adottare ulteriori misure di allentamento. Il mercato ha debitamente preso nota di questa situazione , con il flattening della curva , la vendita di dollari e mostrando preferenza per gli assett rischiosi.
I rendimenti obbligazionari sono a minimi record ed è percio’interessante sostituire gli indici obbligazionari con indici azionari ad alto rendimento , anche se ci troviamo in mercato azionario laterale.
I nostri analisti sulle materie prime restano positivi riguardo alle prospettive dell’oro Avevamo per questo considerato la possibilità di aggiungere l’oro al nostro portafoglio indice, ma alla fine non l’abbiamo aggiunto in quanto riteniamo che nel breve termine l’azionario abbia una maggiore potenzialità di crescita. Manteniamo inoltre la nostra posizione sul Dax con un peso del 20% .
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Fonte: ETFWorld – ETF : Tratto da Index Trading Ideas and Flows di Deutsche Bank – 29 settembre 2010
