Börse Categorical – Frank Weingarts: 100% defensive

BÖRSE EXPRESS: Congratulations on successful the Certificates of the Month election – this with the HVB OPEN END CERTIFICATE RELATING TO THE UC EUROPEAN SECTOR ROTATION STRATEGY INDEX. Sector rotation has additionally been one of many buzzwords within the capital market lately, given rising rates of interest, rising inflation and rising fears of recession. To what extent does your product handle the subject of sector rotation?

FRANK WEINGARTS: The composition of the UC European Sector Rotation technique index is repeatedly adjusted to present financial and inventory market developments. To place it merely, it really works like this: if the ifo enterprise expectations level to an financial restoration, then cyclical sectors are the primary alternative. In the event that they sign a decline, the defensive sectors are in demand. The ifo commerce expectations due to this fact decide 50% of the composition of the UC European Sector Rotation Technique Index. For the remaining 50%, the basket with the very best efficiency over the past three months is chosen from the three areas “cyclical sector basket”, “defensive sector basket” and “total market”. The UC European Sector Rotation Technique Index is at present 100% defensive.

Does the underside line imply that I ought to all the time spend money on sectors which might be more likely to be among the many finest performers within the present financial section? Because the product already has a historical past of about six years, has the idea labored thus far?

The ifo enterprise expectations are a number one indicator and don’t replicate the present financial state of affairs, however expectations for the subsequent six months. Historic concerns clearly don’t prejudge future developments. Nonetheless, the combination of main indicators and sector growth has been a really profitable idea in recent times. Since its inception (February 24, 2016), the UC European Sector Rotation has achieved a efficiency above 93.80%, whereas the broad index STOXX Europe 600 (Web Return) has solely reached 51.06% (at June 30, 2022). The technique has additionally solely fallen 1% because the begin of the 12 months and has due to this fact fared considerably higher than the broader market.

Are your prospects noticing a basic new pattern in your gross sales figures? Are you changing into extra cautious, that’s, safer? Do merchants see their time? …

Gross sales of capital safety merchandise are persistently excessive, however gross sales of merchandise with conditional capital safety haven’t modified a lot both.

What merchandise do you assume traders ought to give attention to given present environmental parameters reminiscent of rates of interest, volatility, and many others.? ?

It all the time will depend on the chance evaluation and funding horizon of the investor. As already talked about, merchandise with (conditional) capital safety are appropriate for risk-averse traders. Buyers who’re keen to take some threat will discover engaging options to direct entry into structured securities reminiscent of reverse convertibles (Defend) and bonus cap certificates.

The 100% capital assure can also be making a comeback. How would you attempt to persuade passbook savers to vary?

In fact, the rise in rates of interest has helped us to have the ability to supply merchandise with 100% capital safety once more. Some merchandise even have a minimal rate of interest. A primary step, transferring away from the financial savings account in direction of merchandise with the potential of equities, has lengthy since ceased to be a beautiful choice.

What sort of investor is in good fingers at UniCredit/HVB/Financial institution Austria and the place do you see your individual strengths?

UniCredit is a pan-European financial institution with roughly 15 million prospects. In our flagship international locations of Austria, Germany and Italy, in addition to a lot of Jap Europe, we provide a variety of merchandise from financial savings accounts to insurance coverage. Lately, we have now obtained quite a few awards for our in depth and revolutionary vary of structured merchandise. Proximity to the shopper and his wants offers us the chance to shortly supply a product tailored to particular person, institutional and company prospects.

And which of your companies units you aside from the competitors? Or is one thing new within the works?

By our onemarkets weblog, we offer traders with free up-to-date info on present market occasions in addition to investing and buying and selling concepts. In our every day and weekly outlook, we give a abstract of an important occasions of the day or week and provides an summary of an important dates of the subsequent day. In articles on shares, indices, rates of interest and methods, we expect outdoors the field for our traders. < The successful product on the subsequent web page - all nominations will be discovered right here By way of our onemarkets weblog, we offer traders with free up-to-date info on present market occasions in addition to investing and buying and selling concepts. In our every day and weekly outlook, we give a abstract of an important occasions of the day or week and provides an summary of an important dates of the subsequent day. In articles on shares, indices, rates of interest and methods, we expect outdoors the field for our traders.

The successful product and all nominations will be discovered right here

From the Börse Categorical PDF of 29.07. right here to obtain

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