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Looking back on 2019, “Don’t fight the Fed” is a very fitting motto. What does this mean for 2020 and what positioning should capital investors adopt? In our latest Market Commentary, Michael Blümke deals with this as well as the striking parallels between the last decade and the year 2019.

Despite all of the gloomy predictions, for the stock markets, 2019 will be one of the best years in recent history. The global recession that was priced in at the end of last year has not materialised. Instead, despite the ongoing trade dispute, and with central bank support, the global economy has "muddled through".

More volatile bond markets make it more important than ever to actively select issuers from robust sectors and with solid business models. In our latest video, Martin Dreier explains the structured selection process that goes into each investment decision at ETHENEA. We invest with total conviction in securities selected in this manner.

The latest rally in equities and the boom in corporate bonds surprised many investors – especially since the economic environment did not lay the foundation for these developments. So what did? Frank Borchers, Senior Portfolio Manager with ETHENEA, provides an explanation in our latest Market Commentary.

Every quarter, the experts of ETHENEA hold a web conference to inform you about the positioning of the Ethna Funds, as well as the current situation on the markets. As a service to you, we have provided an overview of the central questions from our November web conference in this publication entitled CLEAR AND SIMPLE.

Similar to the ebb and flow of the tide, the world's stock markets are also subject to certain recurring fluctuations. While the winter and spring months are regarded as typical bull months, investors tend to fear summer and autumn. This is because many severe setbacks, such as 1987’s Black Monday or September 11 2001, occurred in autumn. As stock markets were often able to recover from these setbacks in November or December, the myth...