In diesen unsicheren Zeiten könnten höhere Liquiditätsbestände in Portfolios attraktiv erscheinen – diese können jedoch verschiedene Implikationen auf das Portfolio haben. In diesem CIO Special fokussieren wir uns auf die folgenden drei Punkte:

  • Die Rendite-Illusion: Wie nominale Renditen über magere reale Cash-Renditen hinwegtäuschen können.
  • Mehr Cash, mehr Risiko: Warum eine Erhöhung der Liquiditätsquoten möglicherweise auch zu einer Erhöhung der Risiken bei anderen Vermögenswerten führen kann.
  • Markttiming-Risiken: Auch bei höheren Liquiditätsquoten nach wie vor ein Problem.

 

Um ein PDF des vollständigen Berichts herunterzuladen, klicken Sie bitte hier.

 

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