The first quarter was characterized by a sell-off in the investment markets and set new standards in speed and scale. Similar superlatives can be used for the countermovement in the second quarter. However, there are significant differences between the individual markets and sectors. US technology stocks and defensive quality stocks in particular rose. The precious metal gold benefited from the low interest rate environment and a growing scepticism towards the flood of money from central banks.

Reference date: 30.06.2020

 

All investment strategies closed the second quarter with a significant plus. Once again, the higher the equity quota, the higher the profits. The consistent adherence to the investment strategy once again has paid off. The losses since the beginning of the year were thus significantly reduced.