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console.log('##piano## loginSuccess in init', callbackData.source); } window.tp.pianoId.loadExtendedUser({ extendedUserLoaded: function (data) { if (window.nzzDebugPiano) { console.log('##piano## extendedUserLoaded for salutation', data); } let salutationField = null; const customFieldValues = data.custom_field_values; if (customFieldValues && customFieldValues.length > 0) { for (const field of customFieldValues) { if (field.field_name === "account_salutation") { salutationField = field; } } } let forceReload = false; if (callbackData.source == "PIANOID") { forceReload = true; } pianoUpdateSalutation(config, data, salutationField, forceReload); }, formName: 'salutation_form' }); }]); window.tp.push(['addHandler', 'checkoutCustomEvent', event => { if (window.nzzDebugPiano) { console.log('##piano## onCheckoutExternalEvent'); } const params = JSON.parse(event.params.params); if (event.eventName === 'purchaseCustom' && params.pmId == 'inbas') { if (window.nzzDebugPiano) { 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März 2024 Redaktor von The Market. Der Finanzjournalist kommt vom «manager magazin», wo er seit 2010 über Geldanlage und Märkte geschrieben hat. Zuvor arbeitete er ab 2008 zwei Jahre lang in der Frankfurter Börsenredaktion der «Wirtschaftswoche» und von 2004 bis 2008 in der Frankfurter Redaktion der «Financial Times Deutschland». Mark hat an der Universität Hamburg und in Peking Sprache und Kultur Chinas sowie Politikwissenschaft studiert.</p><div id="id-doc-3f5efaed" content="" pagetype="Article" componenttype="barrier" is-new-line-child="true"><div id="paywall_container"></div> <div class="disabled-overlay"><div class="disabled-overlay--show--text"><h3>Optimieren Sie Ihre Browsereinstellungen</h3> <p> Themarket.ch benötigt JavaScript für wichtige Funktionen. Ihr Browser oder Adblocker verhindert dies momentan. </p> <p>Bitte passen Sie die Einstellungen an.</p></div></div></div><div id="id-doc-b9990949" content="" pagetype="Article" componenttype="advertisement" is-new-line-child="true" class="nzzinteraction"></div><h2 data-team-subtitle="" id="id-doc-1hpvekcdg0" content="" pagetype="Article" componenttype="subtitle" is-new-line-child="true" class="subtitle articlecomponent nzzinteraction"><span>Zuletzt von Mark Böschen erschienen:</span></h2><section id="id-doc-1hpveigeo3" content="" pagetype="Article" componenttype="moreToSubject" is-new-line-child="true" class="pageelement pageelement--moretosubject nzzinteraction"><div class="pageelement__inner"> <div class="widget__row widget__row--noBorder"><div data-team-more-to-subject class="widget--articlelist-a"><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_13116" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/immobilienplattform-scout24-erfuellt-die-kriterien-fuer-einen-compounder-ld.13116" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Schon lange dabei: Der designierte Scout24-Chef Ralf Weitz." src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/02/05/f87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 160w, https://img.themarket.ch/2025/02/05/f87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 320w, https://img.themarket.ch/2025/02/05/f87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 120w, https://img.themarket.ch/2025/02/05/f87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 240w" width="3556" height="2667" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/immobilienplattform-scout24-erfuellt-die-kriterien-fuer-einen-compounder-ld.13116" data-nzz-referrer="articleTeaser" ordinal-number="1" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--0">  <span class="teaser__title-name">Immobilienplattform Scout24 erfüllt die Kriterien für einen Compounder</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Dienstleister für Makler und Wohnungssuchende wächst mit hoher Kapitalrendite. Für den Chefwechsel zum 1. März gibt es einen bisher ungenannten Grund. Zwei Hauptrisiken für die Rentabilität müssen Anleger mittelfristig beachten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">06.02.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_13061" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/hinter-der-headline/sartorius-und-andere-pharmatitel-haben-den-lagerstau-endlich-ueberwunden-ld.13061" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Sterile Plastikbeutel von Sartorius für Zellkulturprozesse kommen in vielen Biotech-Laboren weltweit zum Einsatz. (Quelle: Sartorius)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/01/28/57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3112,2334,x194,y0 160w, https://img.themarket.ch/2025/01/28/57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3112,2334,x194,y0 320w, https://img.themarket.ch/2025/01/28/57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3112,2334,x194,y0 120w, https://img.themarket.ch/2025/01/28/57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3112,2334,x194,y0 240w" width="3112" height="2334" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/hinter-der-headline/sartorius-und-andere-pharmatitel-haben-den-lagerstau-endlich-ueberwunden-ld.13061" data-nzz-referrer="articleTeaser" ordinal-number="2" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Hinter der Headline </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--1">  <span class="teaser__title-name">Sartorius und andere Pharmatitel haben den Lagerstau endlich überwunden</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Lagerbestand der Kunden liegt wieder auf Zielniveau. Das Kursplus von 15% und die Jahreszahlen des Göttinger Laborausrüsters zeigen: Sartorius und andere Branchentitel in Deutschland und der Schweiz haben Potenzial.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">28.01.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_13031" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/das-thema-lagerabbau-ist-jetzt-geklaert-ld.13031" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Bei Eon zugegriffen: Fondsmanager Tom Ackermans (Quelle: Fidelity International)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/01/24/49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 160w, https://img.themarket.ch/2025/01/24/49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 320w, https://img.themarket.ch/2025/01/24/49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 120w, https://img.themarket.ch/2025/01/24/49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 240w" width="1067" height="800" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/das-thema-lagerabbau-ist-jetzt-geklaert-ld.13031" data-nzz-referrer="articleTeaser" ordinal-number="3" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--2">  <span class="teaser__title-name">«Wir sehen bei SAP bis 2030 noch viele Jahre des Wachstums»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Bei Pharmaunternehmen wie Merck, Sartorius und Gerresheimer zieht die Nachfrage endlich wieder an, sagt Fondsmanager Tom Ackermans. Eine Dax-Position im Fidelity Germany Fund hat er zuletzt verdoppelt, eine andere dagegen halbiert.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">27.01.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12975" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/bei-roche-ist-die-bewertung-fundamental-gesehen-einfach-zu-niedrig-ld.12975" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Alexander Kapfer hat drei Viertel des Kapitals seines Mischfonds Squad Makro in Aktien investiert. (Quelle: Squad Fonds)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/01/23/d1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=707,530,x47,y0 160w, https://img.themarket.ch/2025/01/23/d1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=707,530,x47,y0 320w, https://img.themarket.ch/2025/01/23/d1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=707,530,x47,y0 120w, https://img.themarket.ch/2025/01/23/d1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=707,530,x47,y0 240w" width="707" height="530" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/bei-roche-ist-die-bewertung-fundamental-gesehen-einfach-zu-niedrig-ld.12975" data-nzz-referrer="articleTeaser" ordinal-number="4" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--3">  <span class="teaser__title-name">«Bei Roche ist die Bewertung fundamental gesehen einfach zu niedrig»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Alexander Kapfer setzt mit seinem aktienorientierten Mischfonds Squad Makro unter anderem auf die Pharmawerte Roche und Novartis. Im Interview verrät er, warum er 2024 einige Dax-Aktien verkauft hat und weshalb er den Goldminenbetreibern Newmont und Barrick treu bleibt.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">24.01.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12972" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/die-deutschen-magnificent-seven-und-ihre-aussichten-fuer-2025-ld.12972" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Investment für Cloud-Computing und KI: Rechenzentrum der Deutschen Telekom in Biere bei Magdeburg. (Quelle: Deutsche Telekom)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/01/20/bf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=6549,4912,x405,y0 160w, https://img.themarket.ch/2025/01/20/bf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=6549,4912,x405,y0 320w, https://img.themarket.ch/2025/01/20/bf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=6549,4912,x405,y0 120w, https://img.themarket.ch/2025/01/20/bf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=6549,4912,x405,y0 240w" width="6549" height="4912" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/die-deutschen-magnificent-seven-und-ihre-aussichten-fuer-2025-ld.12972" data-nzz-referrer="articleTeaser" ordinal-number="5" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--4">  <span class="teaser__title-name">Die deutschen «Magnificent Seven» und ihre Aussichten für 2025</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Sieben Aktien sind für den gesamten Anstieg des Dax im vorigen Jahr verantwortlich. Deutsche Bank Research spricht von der deutschen Version der US-«Mag7». Mr Market zeigt, wo die deutschen Titel abfallen und wie die Chancen stehen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">20.01.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11777" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Technik von Vossloh für das Verschweissen von Bahngleisen: Das Unternehmen ist einer der Marktführer in einer wachsenden Nische. (Quelle: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 160w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 320w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 120w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 240w" width="1493" height="1120" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777" data-nzz-referrer="articleTeaser" ordinal-number="6" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--5">  <span class="teaser__title-name">Deutsche Aktien: Diese Titel halten Fondsmanager für attraktiv</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Nach dem Kursrutsch sehen Fondsmanager an der deutschen Börse einige Unternehmen, die allzu stark abgestraft wurden. Andere beflügelt die Aussicht auf sinkende Zinsen. Ein Versicherer, eine Internetplattform und ein Motorenbauer gehören zu den Favoriten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">20.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12635" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-small-cap-aktien-stuerzen-auf-krisentief-und-bieten-chancen-ld.12635" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Trotz Dax-Rekord: Deutsche Small Caps stürzen auf Krisentief und bieten Chancen" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/12/06/0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2129,1597,x0,y0 160w, https://img.themarket.ch/2024/12/06/0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2129,1597,x0,y0 320w, https://img.themarket.ch/2024/12/06/0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2129,1597,x0,y0 120w, https://img.themarket.ch/2024/12/06/0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2129,1597,x0,y0 240w" width="2129" height="1597" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-small-cap-aktien-stuerzen-auf-krisentief-und-bieten-chancen-ld.12635" data-nzz-referrer="articleTeaser" ordinal-number="7" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--6">  <span class="teaser__title-name">Trotz Dax-Rekord: Deutsche Small Caps stürzen auf Krisentief und bieten Chancen</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Kleinere Aktien sind zeitweise unter den Buchwert gefallen. Die Anleger schwelgen in Untergangsszenarien für die Wirtschaft, doch viele Geschäftsmodelle sind solide. Solch eine Bewertung war meist eine gute Einstiegschance.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">08.12.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12602" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/unternehmen/wie-es-den-deutschen-unternehmen-geht-und-wer-trotz-der-krise-profitabel-waechst-ld.12602" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Wie es den deutschen Unternehmen geht und wer trotz der Krise profitabel wächst" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/27/f5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3635,2726,x1208,y580 160w, https://img.themarket.ch/2024/11/27/f5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3635,2726,x1208,y580 320w, https://img.themarket.ch/2024/11/27/f5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3635,2726,x1208,y580 120w, https://img.themarket.ch/2024/11/27/f5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3635,2726,x1208,y580 240w" width="3635" height="2726" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/unternehmen/wie-es-den-deutschen-unternehmen-geht-und-wer-trotz-der-krise-profitabel-waechst-ld.12602" data-nzz-referrer="articleTeaser" ordinal-number="8" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--7">  <span class="teaser__title-name">Wie es den deutschen Unternehmen geht und wer trotz der Krise profitabel wächst</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Für Zykliker bleibt es zäh, hiess es beim Treffen von Investoren und Firmenmanagern der Deutschen Börse. Einige hat Donald Trumps Zoll-Ankündigung kalt erwischt. Chipzulieferer wie Aixtron und Medizintechniker wie Stratec hoffen für 2025 auf Besserung. Manche Unternehmen preschen unbeeindruckt von der heimischen Misere voran.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">29.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12554" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/springer-nature-entmachtet-neuaktionaere-und-sitzt-grossbetrug-auf-ld.12554" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Gefühlsausbruch beim Handelsstart von Springer Nature: Haupteigentümer Stefan von Holtzbrinck (rechts vorn, mit lila Krawatte). Neben Holtzbrinck in der ersten Reihe, von rechts nach links: Springer-Nature-CEO Frank Vrancken Peeters und BC-Partners-Führungskraft Nikos Stathopoulos. (Alex Kraus/Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/21/d30d4daa-268a-4668-bc95-d05a22819644.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4580,3435,x1219,y430 160w, https://img.themarket.ch/2024/11/21/d30d4daa-268a-4668-bc95-d05a22819644.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4580,3435,x1219,y430 320w, https://img.themarket.ch/2024/11/21/d30d4daa-268a-4668-bc95-d05a22819644.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4580,3435,x1219,y430 120w, https://img.themarket.ch/2024/11/21/d30d4daa-268a-4668-bc95-d05a22819644.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4580,3435,x1219,y430 240w" width="4580" height="3436" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/springer-nature-entmachtet-neuaktionaere-und-sitzt-grossbetrug-auf-ld.12554" data-nzz-referrer="articleTeaser" ordinal-number="9" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--8">  <span class="teaser__title-name">Springer Nature entmachtet Neuaktionäre und sitzt massenhaftem Betrug auf</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Beraterbanken des Börsenneulings ziehen den Vergleich zu den Kursraketen Wolters Kluwer und Relx, doch der trügt. Ein Fälschungsskandal zeigt die Risiken des Geschäfts auf. Abschreckend wirkt die Entmachtung der Neuaktionäre durch die Alteigner mittels einer raren Rechtsform.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">25.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12572" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/evotec-bleibt-uebernahmekandidat-trotz-des-rueckzugs-eines-unpassenden-bieters-ld.12572" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Evotec bleibt Übernahmekandidat trotz des Rückzugs eines unpassenden Bieters" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/22/cc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3641,2731,x227,y0 160w, https://img.themarket.ch/2024/11/22/cc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3641,2731,x227,y0 320w, https://img.themarket.ch/2024/11/22/cc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3641,2731,x227,y0 120w, https://img.themarket.ch/2024/11/22/cc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3641,2731,x227,y0 240w" width="3641" height="2731" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/evotec-bleibt-uebernahmekandidat-trotz-des-rueckzugs-eines-unpassenden-bieters-ld.12572" data-nzz-referrer="articleTeaser" ordinal-number="10" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--9">  <span class="teaser__title-name">Evotec bleibt Übernahmekandidat trotz des Rückzugs eines unpassenden Bieters</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Private-Equity-Fonds Triton Partners hält fast 10% und ist nicht für das Kaufen von Minderheitsanteilen bekannt. Die US-Pharmafirma Halozyme, die ihr Interesse nun zurückzog, passte ohnehin nicht recht zu dem angeschlagenen Auftragsforscher aus Hamburg.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">22.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12537" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/evotec-koennte-von-neuem-eigentuemer-profitieren-die-aktionaere-ebenfalls-ld.12537" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Stark in der Nische: Wissenschaftlerin in einem Forschungslabor von Evotec in Hamburg (Krisztian Bocsi/Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/15/a553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 160w, https://img.themarket.ch/2024/11/15/a553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 320w, https://img.themarket.ch/2024/11/15/a553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 120w, https://img.themarket.ch/2024/11/15/a553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 240w" width="3556" height="2667" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/evotec-koennte-von-neuem-eigentuemer-profitieren-die-aktionaere-ebenfalls-ld.12537" data-nzz-referrer="articleTeaser" ordinal-number="11" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--10">  <span class="teaser__title-name">Evotec könnte von neuem Eigentümer profitieren, die Aktionäre ebenfalls</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Zwei Interessenten buhlen um den Auftragspharmaforscher aus Hamburg. Der gefallene Börsenstar hat viel Wert vernichtet durch Missmanagement. Anleger können darauf setzen, dass ein neuer Eigner aufräumen dürfte und sollten vorerst ihre Aktien behalten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">15.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12527" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/bei-deutsche-telekom-gibt-es-das-ex-us-geschaeft-fast-gratis-dazu-ld.12527" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Digitalisierungsdienstleister: Angestellte in einem Rechenzentrum von Deutsche Telekom in Magdeburg. (Quelle: UBS, Refinitiv Datastream)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/14/31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2096,1572,x133,y0 160w, https://img.themarket.ch/2024/11/14/31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2096,1572,x133,y0 320w, https://img.themarket.ch/2024/11/14/31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2096,1572,x133,y0 120w, https://img.themarket.ch/2024/11/14/31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2096,1572,x133,y0 240w" width="2096" height="1572" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/bei-deutsche-telekom-gibt-es-das-ex-us-geschaeft-fast-gratis-dazu-ld.12527" data-nzz-referrer="articleTeaser" ordinal-number="12" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--11">  <span class="teaser__title-name">Bei Deutsche Telekom gibt es das Ex-US-Geschäft fast gratis dazu</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Um die US-Wahl ist der Aktienkurs der Tochter T-Mobile US weiter gestiegen. Das US-Geschäft macht nun fast den gesamten Börsenwert des Konzerns aus. Das deutsche Stammgeschäft und Europa erhalten Anleger fast kostenlos dazu. Die Verzerrung bietet einen Risikopuffer gegen Bewertungsrückschläge in Übersee.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">14.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12520" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/hinter-der-headline/rwe-trotzt-trump-mit-aktienrueckkauf-und-stromvertraegen-mit-meta-und-rivian-ld.12520" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="RWE trotzt Trump durch Aktienrückkauf und Stromverträge mit Meta und Rivian" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/13/134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1468,1101,x321,y0 160w, https://img.themarket.ch/2024/11/13/134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1468,1101,x321,y0 320w, https://img.themarket.ch/2024/11/13/134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1468,1101,x321,y0 120w, https://img.themarket.ch/2024/11/13/134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1468,1101,x321,y0 240w" width="1468" height="1101" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/hinter-der-headline/rwe-trotzt-trump-mit-aktienrueckkauf-und-stromvertraegen-mit-meta-und-rivian-ld.12520" data-nzz-referrer="articleTeaser" ordinal-number="13" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Hinter der Headline </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--12">  <span class="teaser__title-name">RWE trotzt Trump durch Aktienrückkauf und Stromverträge mit Meta und Rivian</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der deutsche Versorger erfüllt eine Forderung von Investoren und kauft als unterbewertet erachtete eigene Aktien vom Markt. Er kürzt Investitionen in US-Offshore-Windparks. Doch der Hunger von Tech-Konzernen auf Ökostrom für die vielen neuen Rechenzentren bleibt gross.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">13.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12480" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/hinter-der-headline/princeton-oekonom-brunnermeier-warnt-vor-politischer-macht-des-silicon-valley-ld.12480" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Ökonom Markus Brunnermeier lehrt seit 25 Jahren in Princeton. (Christopher Goodney/ Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/11/07/76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 160w, https://img.themarket.ch/2024/11/07/76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 320w, https://img.themarket.ch/2024/11/07/76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 120w, https://img.themarket.ch/2024/11/07/76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 240w" width="3556" height="2667" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/hinter-der-headline/princeton-oekonom-brunnermeier-warnt-vor-politischer-macht-des-silicon-valley-ld.12480" data-nzz-referrer="articleTeaser" ordinal-number="14" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Hinter der Headline </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--13">  <span class="teaser__title-name">Princeton-Ökonom Brunnermeier warnt vor politischer Macht des Silicon Valley</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Auf einer Investorenkonferenz hat Princeton-Ökonom Markus Brunnermeier seine Prognosen für die zweite Trump-Ära dargelegt. Er erwartet Zölle, höhere Schulden und Inflation. Tech-Milliardäre würden stark an politischem Einfluss gewinnen. Er sieht sogar das Risiko oligarchischer Tendenzen. Elon Musk werde eine Digitalwährung starten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">07.11.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12222" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/rwe-ist-ein-verkannter-gewinner-der-ki-und-des-baubooms-bei-rechenzentren-ld.12222" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Strompreis bei US-Langfristverträgen (PPA) steigt stetig. (Foto: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/10/13/c1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3556,2667,x0,y0 160w, https://img.themarket.ch/2024/10/13/c1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3556,2667,x0,y0 320w, https://img.themarket.ch/2024/10/13/c1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3556,2667,x0,y0 120w, https://img.themarket.ch/2024/10/13/c1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3556,2667,x0,y0 240w" width="3556" height="2667" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/rwe-ist-ein-verkannter-gewinner-der-ki-und-des-baubooms-bei-rechenzentren-ld.12222" data-nzz-referrer="articleTeaser" ordinal-number="15" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--14">  <span class="teaser__title-name">RWE ist ein verkannter Gewinner der KI und des Baubooms bei Rechenzentren</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Versorger gehört in den USA zu den grössten Anbietern erneuerbarer Energie und hat mehrere Langfristverträge mit Kunden wie Microsoft geschlossen. Die Aktien sind halb so teuer wie die Titel der Rivalen. Investoren dringen auf Veränderungen, darunter mehrere Hedgefonds.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">14.10.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12243" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-telekom-ist-ein-unterschaetzter-langfristgewinner-ld.12243" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Deutsche Telekom und Wettbewerber in Europa und in den USA, Börsenwert in Mrd. €. (Quelle: Deutsche Telekom)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/10/11/c2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 160w, https://img.themarket.ch/2024/10/11/c2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 320w, https://img.themarket.ch/2024/10/11/c2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 120w, https://img.themarket.ch/2024/10/11/c2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3556,2667,x222,y0 240w" width="3556" height="2667" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-telekom-ist-ein-unterschaetzter-langfristgewinner-ld.12243" data-nzz-referrer="articleTeaser" ordinal-number="16" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--15">  <span class="teaser__title-name">Deutsche Telekom ist ein unterschätzter Langfristgewinner</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Zwei Drittel des Gewinns stammen inzwischen aus den USA, wo die Deutschen die Konkurrenz deklassiert haben. Sie stehen nicht nur beim Börsenwert der US-Tochter vorn, sondern auch bei der Profitabilität. Die soeben verkündeten Ziele bis 2027 und die moderate Bewertung machen die Aktien zum Kauf.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">11.10.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12239" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/grafik-der-woche/chinas-super-app-meituan-wetteifert-mit-nvidia-beim-kursplus-ld.12239" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Kuriere für Essenslieferungen von Meituan bei einer kurzen Dienstpause am 14. September 2024 in Peking. (Na Bian / Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/10/10/ed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 160w, https://img.themarket.ch/2024/10/10/ed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 320w, https://img.themarket.ch/2024/10/10/ed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 120w, https://img.themarket.ch/2024/10/10/ed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 240w" width="2400" height="1800" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/grafik-der-woche/chinas-super-app-meituan-wetteifert-mit-nvidia-beim-kursplus-ld.12239" data-nzz-referrer="articleTeaser" ordinal-number="17" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Grafik der Woche </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--16">  <span class="teaser__title-name">Chinas Super-App Meituan wetteifert mit Nvidia beim Kursplus</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Durch die Rally seit September schloss der lange zurückliegende Hongkonger Hang Seng für 2024 kurzzeitig zum MSCI World auf und hält immer noch mehr als 25% Jahresgewinn. Technologieaktien wie Tencent, Alibaba und allen voran Meituan schafften noch viel höhere Kurssteigerungen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">10.10.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12152" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/exklusiv/rwe-hedgefonds-covalis-capital-ist-investiert-und-befuerwortet-rueckkaeufe-ld.12152" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Windkraft vor dem Braunkohle-Tagebau Garzweiler von RWE: Die Kohle-Assets verderben das Nachhaltigkeitsrating und schrecken Anleger ab. (Alex Kraus/Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/26/64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3000,2250,x500,y0 160w, https://img.themarket.ch/2024/09/26/64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3000,2250,x500,y0 320w, https://img.themarket.ch/2024/09/26/64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3000,2250,x500,y0 120w, https://img.themarket.ch/2024/09/26/64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3000,2250,x500,y0 240w" width="3000" height="2250" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/exklusiv/rwe-hedgefonds-covalis-capital-ist-investiert-und-befuerwortet-rueckkaeufe-ld.12152" data-nzz-referrer="articleTeaser" ordinal-number="18" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Exklusiv </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--17">  <span class="teaser__title-name">RWE: Hedgefonds Covalis Capital ist investiert und befürwortet Rückkäufe</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Londoner Energiebranchen-Spezialist ist beim deutschen Versorger investiert, wie The Market in Erfahrung gebracht hat. Co-Gründer Zach Mecelis unterstützt das Management, hat aber «Meinungsverschiedenheiten in taktischen Fragen»: Die Investitionen seien zu hoch, Aktienrückkäufe wären sinnvoll, sagt er.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">27.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12069" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/das-investieren-haben-die-deutschen-viele-jahre-lang-versaeumt-ich-finde-es-gut-dass-da-ein-umdenken-kommt-ld.12069" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Dieser erste Schritt ist eine Weichenstellung», sagt Anja Mikus bei der Veranstaltung von The Market im China Club Berlin am 18. September über das Generationenkapital, die neue kapitalgedeckte Altersvorsorge. (Kasper Helml für The Market)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/24/53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1101,826,x1878,y871 160w, https://img.themarket.ch/2024/09/24/53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1101,826,x1878,y871 320w, https://img.themarket.ch/2024/09/24/53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1101,826,x1878,y871 120w, https://img.themarket.ch/2024/09/24/53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1101,826,x1878,y871 240w" width="1101" height="826" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/das-investieren-haben-die-deutschen-viele-jahre-lang-versaeumt-ich-finde-es-gut-dass-da-ein-umdenken-kommt-ld.12069" data-nzz-referrer="articleTeaser" ordinal-number="19" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--18">  <span class="teaser__title-name">«Das Investieren haben die Deutschen viele Jahre lang versäumt. Ich finde es gut, dass da ein Umdenken kommt.»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Anja Mikus verwaltet seit der Gründung 2017 den deutschen Staatsfonds Kenfo mit knapp 24 Mrd. € zur Entsorgung des Atommülls. Schon bald will sie mit allen wichtigen Vermögensverwaltern sprechen, um Mandate zu vergeben für die neue Aktienrente, das sogenannte Generationenkapital.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">25.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12075" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/unicredit-testet-die-grenzen-der-loechrigen-eu-bankenregulierung-ld.12075" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Excess Capital definiert jenes Kapital, dass die Anforderungen für eine Kapitalquote (CET1) von 13% übersteigt (Quelle: Keefe, Bruyette &amp; Woods)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/23/0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2810,2108,x641,y83 160w, https://img.themarket.ch/2024/09/23/0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2810,2108,x641,y83 320w, https://img.themarket.ch/2024/09/23/0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2810,2108,x641,y83 120w, https://img.themarket.ch/2024/09/23/0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2810,2108,x641,y83 240w" width="2810" height="2108" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/unicredit-testet-die-grenzen-der-loechrigen-eu-bankenregulierung-ld.12075" data-nzz-referrer="articleTeaser" ordinal-number="20" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--19">  <span class="teaser__title-name">Unicredit testet die Grenzen der löchrigen EU-Bankenregulierung</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Italiens Grossbank hat Zugriff auf 21% der Commerzbank-Aktien gemeldet. Die Bundesregierung will die Übernahme verhindern – wohl auch, um die Bankenunion durch die Hintertür abzuwehren. Das Kurspotenzial wirkt inzwischen begrenzt, die Risiken dagegen sind beträchtlich.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">23.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12062" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/hinter-der-headline/deutsche-autobranche-auf-den-spuren-der-stahlindustrie-ld.12062" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="G wie Gewinnwarnung: Elektrisch angetriebener Geländewagen von Mercedes auf der Beijing Auto Show am 25. April 2024. (Qilai Shen / Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/20/c44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4930,3697,x1004,y463 160w, https://img.themarket.ch/2024/09/20/c44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4930,3697,x1004,y463 320w, https://img.themarket.ch/2024/09/20/c44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4930,3697,x1004,y463 120w, https://img.themarket.ch/2024/09/20/c44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4930,3697,x1004,y463 240w" width="4931" height="3697" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/hinter-der-headline/deutsche-autobranche-auf-den-spuren-der-stahlindustrie-ld.12062" data-nzz-referrer="articleTeaser" ordinal-number="21" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Hinter der Headline </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--20">  <span class="teaser__title-name">Deutsche Autobranche: auf den Spuren der Stahlindustrie</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Mercedes hat seine Gewinnprognose noch stärker gesenkt als eine Woche zuvor der Rivale BMW. Volkswagen kämpft unterdessen mit den viel zu hohen Kosten – und mit defekten Bremsen von Continental. Die Branche droht zum Nachfolger der Stahlhersteller zu werden.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">20.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_12030" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/was-deutsche-grossanleger-umtreibt-und-wo-sie-derzeit-die-besten-chancen-wittern-ld.12030" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Diese Perspektive auf Köln mit dem Dom und der Hohenzollernbrücke hatten die Gäste am 11. September beim Auftakt des Faros Investor Summit im obersten Stock des Hochhauses Köln Sky. (J.I. / Unsplash)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/13/ce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4496,3372,x752,y0 160w, https://img.themarket.ch/2024/09/13/ce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4496,3372,x752,y0 320w, https://img.themarket.ch/2024/09/13/ce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4496,3372,x752,y0 120w, https://img.themarket.ch/2024/09/13/ce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4496,3372,x752,y0 240w" width="4496" height="3372" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/was-deutsche-grossanleger-umtreibt-und-wo-sie-derzeit-die-besten-chancen-wittern-ld.12030" data-nzz-referrer="articleTeaser" ordinal-number="22" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--21">  <span class="teaser__title-name">Was deutsche Grossanleger umtreibt und wo sie derzeit die besten Chancen wittern</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">In Köln trafen kürzlich einige der grössten Investoren der Republik zusammen. Optimistisch sind sie für Gewerbeimmobilien in Toplagen, sogar die von René Benko. Die Produktivitätsgewinne durch KI schätzen sie als bedeutend ein. Zwei Börsenwerte erhielten Sonderlob.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">13.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11989" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/was-gold-und-minenaktien-so-spannend-macht-und-wo-die-groessten-risiken-liegen-ld.11989" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Gold- und Kupfermine Oyu Tolgoi von Rio Tinto in der Gobiwüste, Mongolei: Bei vielen Minen sinkt der Goldgehalt, was die Kosten treibt. (Bild: SeongJoon Choo/Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/09/06/13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4000,3000,x0,y0 160w, https://img.themarket.ch/2024/09/06/13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4000,3000,x0,y0 320w, https://img.themarket.ch/2024/09/06/13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4000,3000,x0,y0 120w, https://img.themarket.ch/2024/09/06/13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4000,3000,x0,y0 240w" width="4000" height="3000" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/was-gold-und-minenaktien-so-spannend-macht-und-wo-die-groessten-risiken-liegen-ld.11989" data-nzz-referrer="articleTeaser" ordinal-number="23" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--22">  <span class="teaser__title-name">Was Gold und Minenaktien so spannend macht und wo die grössten Risiken liegen</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Nach jahrelanger Flaute steigt der Goldpreis seit dem März kräftig. Der Ausbruch könnte erst der Beginn eines langen Bullenmarkts sein. Minenaktien bieten noch grössere Chancen, wenn ein Belastungsfaktor unter Kontrolle bleibt.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">09.09.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11936" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutschlands-groesster-vermieter-vonovia-will-wieder-mehr-bauen-ld.11936" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Das erste Mehrfamilienhaus von Gropyus steht in Weissenthurm nahe Koblenz. (Quelle: Gropyus)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/27/ef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2276,1707,x765,y453 160w, https://img.themarket.ch/2024/08/27/ef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2276,1707,x765,y453 320w, https://img.themarket.ch/2024/08/27/ef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2276,1707,x765,y453 120w, https://img.themarket.ch/2024/08/27/ef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2276,1707,x765,y453 240w" width="2276" height="1707" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutschlands-groesster-vermieter-vonovia-will-wieder-mehr-bauen-ld.11936" data-nzz-referrer="articleTeaser" ordinal-number="24" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--23">  <span class="teaser__title-name">Deutschlands grösster Vermieter Vonovia will wieder mehr bauen</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">CEO Rolf Buch kündigt im Gespräch mit The Market an, die Bauleistung wieder zu steigern. Schon 2025 auch durch Holzhäuser des Start-up Gropyus. Finanzieren könnten das externe Eigenkapitalgeber. Der Ebitda-Beitrag von ausserhalb der Vermietung soll stark steigen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">28.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11777" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Technik von Vossloh für das Verschweissen von Bahngleisen: Das Unternehmen ist einer der Marktführer in einer wachsenden Nische. (Quelle: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 160w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 320w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 120w, https://img.themarket.ch/2024/08/14/e1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1493,1120,x249,y184 240w" width="1493" height="1120" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777" data-nzz-referrer="articleTeaser" ordinal-number="25" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--24">  <span class="teaser__title-name">Deutsche Aktien: Diese Titel halten Fondsmanager für attraktiv</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Nach dem Kursrutsch sehen Fondsmanager an der deutschen Börse einige Unternehmen, die allzu stark abgestraft wurden. Andere beflügelt die Aussicht auf sinkende Zinsen. Ein Versicherer, eine Internetplattform und ein Motorenbauer gehören zu den Favoriten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">20.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11815" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/der-kursrueckgang-bei-ruestungsaktien-wie-hensoldt-ist-eine-kaufchance-ld.11815" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Das Flugabwehrsystem IRIS-T SLM, hier eine Darstellung von Hensoldt, enthält Elemente von Hensoldt und ist in der Ukraine im Einsatz. (Quelle: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/19/7529bd52-4489-4965-bc56-a8805fbf2a1d.png?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=680,510,x90,y0 160w, https://img.themarket.ch/2024/08/19/7529bd52-4489-4965-bc56-a8805fbf2a1d.png?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=680,510,x90,y0 320w, https://img.themarket.ch/2024/08/19/7529bd52-4489-4965-bc56-a8805fbf2a1d.png?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=680,510,x90,y0 120w, https://img.themarket.ch/2024/08/19/7529bd52-4489-4965-bc56-a8805fbf2a1d.png?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=680,510,x90,y0 240w" width="680" height="510" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/der-kursrueckgang-bei-ruestungsaktien-wie-hensoldt-ist-eine-kaufchance-ld.11815" data-nzz-referrer="articleTeaser" ordinal-number="26" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--25">  <span class="teaser__title-name">Der Kursrückgang bei Rüstungsaktien wie Hensoldt ist eine Kaufchance</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Am Montag verloren die Rüstungstitel Rheinmetall, Hensoldt und Renk mehr als 5%. Bundeskanzler Olaf Scholz hatte zuvor bestimmt, dass keine weiteren Militärhilfen für die Ukraine mehr finanziert würden. Doch das Diktum dürfte kaum über die Landtagswahlen vom September hinaus bestehen. Und Hensoldt sieht keine Auswirkungen auf das eigene Geschäft.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">19.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11786" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/die-warnung-vor-einem-boerseneinbruch-um-30-im-jahr-2025-ist-ernst-zu-nehmen-ld.11786" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Die Warnung vor einem Börseneinbruch um 30% im Jahr 2025 ist ernst zu nehmen" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/13/c7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/08/13/c7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/08/13/c7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/08/13/c7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/die-warnung-vor-einem-boerseneinbruch-um-30-im-jahr-2025-ist-ernst-zu-nehmen-ld.11786" data-nzz-referrer="articleTeaser" ordinal-number="27" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--26">  <span class="teaser__title-name">Die Warnung vor einem Börseneinbruch um 30% im Jahr 2025 ist ernst zu nehmen</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Einige Marktbeobachter hatten schon im Juni wegen der hohen Bewertung von Tech-Aktien gewarnt und lagen richtig. Sie erwarten vorerst eine Beruhigung. Doch wegen der drohenden Rezession in den USA sehen sie die Gefahr eines noch stärkeren Rückschlags ab dem Spätherbst. Aus guten Gründen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">16.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11745" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/favoriten-der-fondsmanager-welche-deutschen-aktien-nun-guenstig-sind-ld.11745" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Rechenzentrum von Ionos: Das Cloud-Angebot schürt Wachstumsfantasie. (Quelle: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/07/9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2276,1707,x142,y0 160w, https://img.themarket.ch/2024/08/07/9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2276,1707,x142,y0 320w, https://img.themarket.ch/2024/08/07/9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2276,1707,x142,y0 120w, https://img.themarket.ch/2024/08/07/9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2276,1707,x142,y0 240w" width="2276" height="1707" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/favoriten-der-fondsmanager-welche-deutschen-aktien-nun-guenstig-sind-ld.11745" data-nzz-referrer="articleTeaser" ordinal-number="28" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--27">  <span class="teaser__title-name">Favoriten der Fondsmanager: Welche deutschen Aktien nun günstig sind</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Börsenrutsch seit Juli hat manche Kurse um mehr als 20% einstürzen lassen, weit unter den fairen Preis. Welche unterbewerteten Gewinner ihnen auffallen, verraten Gané-Mitgründer Jan Henrik Muhle und Fondsmanager Markus Herrmann von Loys.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">08.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11735" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-kaufkandidaten-attraktive-werte-fuer-die-zeit-nach-dem-kursrutsch-ld.11735" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Die Münchener Rück hat seit der Gründung 1880 schon so manchen Börsensturm überstanden (im Bild: der 1913 fertiggestellte Hauptsitz). (Quelle: Unternehmen)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/05/366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2880,2160,x608,y0 160w, https://img.themarket.ch/2024/08/05/366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2880,2160,x608,y0 320w, https://img.themarket.ch/2024/08/05/366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2880,2160,x608,y0 120w, https://img.themarket.ch/2024/08/05/366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2880,2160,x608,y0 240w" width="2880" height="2160" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-kaufkandidaten-attraktive-werte-fuer-die-zeit-nach-dem-kursrutsch-ld.11735" data-nzz-referrer="articleTeaser" ordinal-number="29" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--28">  <span class="teaser__title-name">Deutsche Kaufkandidaten: Attraktive Werte für die Zeit nach dem Kursrutsch</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Mehr als zehn Prozent eingebüsst haben auch Kurse von deutschen Unternehmen mit starkem Geschäftsmodell und Perspektive. Wir stellen fünf solide Titel vor.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">06.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11711" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/flucht-vor-dem-deutschen-abschwung-ruf-nach-dem-arzt-und-nach-german-resi-ld.11711" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Flucht vor dem deutschen Abschwung: Ruf nach dem Arzt und nach «German Resi»" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/08/02/dcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/08/02/dcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/08/02/dcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/08/02/dcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/flucht-vor-dem-deutschen-abschwung-ruf-nach-dem-arzt-und-nach-german-resi-ld.11711" data-nzz-referrer="articleTeaser" ordinal-number="30" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--29">  <span class="teaser__title-name">Flucht vor dem deutschen Abschwung: Ruf nach dem Arzt und nach «German Resi»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die Anleger stellen ihre Depots auf einen Abschwung ein. Dabei wählen sie die in harten Zeiten sichersten Rückzugsorte: Pharmaunternehmen wie Merck und Fresenius. Und den grössten Wohnungsvermieter der Bundesrepublik.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">02.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11677" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/grafik-der-woche/us-unternehmen-verdoppeln-den-umsatz-seit-2014-waehrend-europa-stagniert-ld.11677" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="US-Unternehmen verdoppeln den Umsatz seit 2014, während Europa stagniert" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/29/85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 160w, https://img.themarket.ch/2024/07/29/85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 320w, https://img.themarket.ch/2024/07/29/85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 120w, https://img.themarket.ch/2024/07/29/85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2400,1800,x0,y0 240w" width="2400" height="1800" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/grafik-der-woche/us-unternehmen-verdoppeln-den-umsatz-seit-2014-waehrend-europa-stagniert-ld.11677" data-nzz-referrer="articleTeaser" ordinal-number="31" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Grafik der Woche </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--30">  <span class="teaser__title-name">US-Unternehmen verdoppeln den Umsatz seit 2014, während Europa stagniert</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Europäische Aktien sind relativ zu US-Titeln so tief bewertet wie seit 20 Jahren nicht. Der Rücksetzer bei US-Techwerten hat Hoffnung auf den Favoritenwechsel geschürt. Doch die schlechte Entwicklung deutscher und auch Schweizer Unternehmen spricht gegen Europa.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">01.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11618" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/der-kurs-von-novo-nordisk-koennte-sich-binnen-vier-jahren-nochmals-verdoppeln-ld.11618" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Comgest-Manager Wolfgang Fickus." src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/29/09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3900,2925,x0,y887 160w, https://img.themarket.ch/2024/07/29/09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3900,2925,x0,y887 320w, https://img.themarket.ch/2024/07/29/09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3900,2925,x0,y887 120w, https://img.themarket.ch/2024/07/29/09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3900,2925,x0,y887 240w" width="3900" height="2925" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/der-kurs-von-novo-nordisk-koennte-sich-binnen-vier-jahren-nochmals-verdoppeln-ld.11618" data-nzz-referrer="articleTeaser" ordinal-number="32" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--31">  <span class="teaser__title-name">«Der Kurs von Novo Nordisk könnte sich binnen vier Jahren nochmals verdoppeln»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Die Pariser Fondsboutique Comgest ist seit mehr als zehn Jahren bei Wachstumswerten wie dem dänischen Pharmakonzern oder bei ASML investiert. Manager Wolfgang Fickus sagt, warum das Team in Deutschland auf Nebenwerte setzt und welche Schweizer Titel es in die Auswahl geschafft haben.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">01.08.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11667" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/deutsche-unternehmen-warnen-vor-haerteren-zeiten-ld.11667" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Deutsche Unternehmen warnen vor härteren Zeiten" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/26/abb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/07/26/abb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/07/26/abb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/07/26/abb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/deutsche-unternehmen-warnen-vor-haerteren-zeiten-ld.11667" data-nzz-referrer="articleTeaser" ordinal-number="33" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--32">  <span class="teaser__title-name">Deutsche Unternehmen warnen vor härteren Zeiten</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die Hoffnung vom Frühjahr auf eine Wirtschaftserholung ist dahin: Die Berichte zum zweiten Quartal brachten bislang viele Enttäuschungen. Vor allem eine Branche wächst gegen den allgemeinen Abwärtstrend.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen</span> <time class="metainfo__item metainfo__item--date">26.07.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11594" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/deutschland-ist-noch-anfaelliger-fuer-trumps-zoelle-als-bei-seiner-ersten-amtszeit-ld.11594" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Quelle: Deutsche Bank, Haver Analytics" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/18/c55e9455-474f-46e4-8436-9b0e2670a1a6.png?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=2224,2224,x0,y0 120w, https://img.themarket.ch/2024/07/18/c55e9455-474f-46e4-8436-9b0e2670a1a6.png?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=2224,2224,x0,y0 240w, https://img.themarket.ch/2024/07/18/c55e9455-474f-46e4-8436-9b0e2670a1a6.png?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=2224,2224,x0,y0 80w, https://img.themarket.ch/2024/07/18/c55e9455-474f-46e4-8436-9b0e2670a1a6.png?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=2224,2224,x0,y0 160w" width="2224" height="2224" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/deutschland-ist-noch-anfaelliger-fuer-trumps-zoelle-als-bei-seiner-ersten-amtszeit-ld.11594" data-nzz-referrer="articleTeaser" ordinal-number="34" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--33">  <span class="teaser__title-name">Deutschland ist noch anfälliger für Trumps Zölle als bei seiner ersten Amtszeit</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">40% des Überschusses in der Leistungsbilanz erzielt das Land mit den USA, fast doppelt soviel wie vor der Pandemie. Donald Trump klagt in einem Interview, die EU sei wie China, Europa wäre wohl sein neues Hauptziel im Handelskrieg. Für deutsche Aktien ist das brandgefährlich.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">18.07.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11511" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/warum-der-staatsfonds-kenfo-beim-chiphersteller-nvidia-teils-verkauft-hat-ld.11511" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Warum der Staatsfonds Kenfo beim Chiphersteller Nvidia teils verkauft hat" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/05/7a7bcf8c-1557-4b36-9127-318a531fca01.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/07/05/7a7bcf8c-1557-4b36-9127-318a531fca01.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/07/05/7a7bcf8c-1557-4b36-9127-318a531fca01.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/07/05/7a7bcf8c-1557-4b36-9127-318a531fca01.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/warum-der-staatsfonds-kenfo-beim-chiphersteller-nvidia-teils-verkauft-hat-ld.11511" data-nzz-referrer="articleTeaser" ordinal-number="35" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--34">  <span class="teaser__title-name">Warum der Staatsfonds Kenfo beim Chiphersteller Nvidia teils verkauft hat</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Gründungschefin Anja Mikus lässt mehr als die Hälfte des Kapitals aktiv steuern. Bei Nvidia und bei Immobilien ist sie dagegen vorsichtig. Das Ergebnis zeigt, dass der Kenfo als Verwalter des Generationenkapitals gut geeignet ist.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">05.07.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11475" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/kkr-will-in-fuenf-jahren-jeden-zweiten-dollar-bei-privatanlegern-einsammeln-ld.11475" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="KKR-Managerin Alisa Wood: Bis 2029 sollen mindestens 30% des Kapitals von Privatanlegern kommen." src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/02/b6b50d4e-95f9-4cef-82a1-cc824eebc786.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3733,2800,x233,y0 160w, https://img.themarket.ch/2024/07/02/b6b50d4e-95f9-4cef-82a1-cc824eebc786.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3733,2800,x233,y0 320w, https://img.themarket.ch/2024/07/02/b6b50d4e-95f9-4cef-82a1-cc824eebc786.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3733,2800,x233,y0 120w, https://img.themarket.ch/2024/07/02/b6b50d4e-95f9-4cef-82a1-cc824eebc786.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3733,2800,x233,y0 240w" width="3733" height="2800" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/kkr-will-in-fuenf-jahren-jeden-zweiten-dollar-bei-privatanlegern-einsammeln-ld.11475" data-nzz-referrer="articleTeaser" ordinal-number="36" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--35">  <span class="teaser__title-name">KKR will in fünf Jahren jeden zweiten Dollar bei Privatanlegern einsammeln</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Private-Equity-Anbieter gewinnen Privatinvestoren als neue Kundengruppe. KKR-Managerin Alisa Wood nennt exklusiv bei The Market ein Ziel für das Jahr 2029 von 30 bis 50% Privatanlegeranteil am Fundraising. Rivale PGIM strebt 30% für 2032 an. Die Nachfrage aus der Schweiz ist stark.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">05.07.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11389" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/siemens-healthineers-kann-auf-eigenen-beinen-stehen-ld.11389" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Welche Dauerverlierer der Fidelity Germany Fund meidet - und was er kauft" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/01/fcd41726-614a-4872-a1e4-a440a99e217e.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 160w, https://img.themarket.ch/2024/07/01/fcd41726-614a-4872-a1e4-a440a99e217e.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 320w, https://img.themarket.ch/2024/07/01/fcd41726-614a-4872-a1e4-a440a99e217e.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 120w, https://img.themarket.ch/2024/07/01/fcd41726-614a-4872-a1e4-a440a99e217e.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1067,800,x67,y0 240w" width="1067" height="800" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/siemens-healthineers-kann-auf-eigenen-beinen-stehen-ld.11389" data-nzz-referrer="articleTeaser" ordinal-number="37" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--36">  <span class="teaser__title-name">Welche Dauerverlierer der Fidelity Germany Fund meidet - und was er kauft</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Fondsmanager Tom Ackermans meidet Autohersteller wegen der wachsenden Konkurrenz. Teils unerwartete Gründe für Kursgewinne nennt er bei den Tech-Titeln SAP und Infineon, aber auch bei MTU, Deutsche Post DHL und Deutsche Telekom.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">02.07.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11448" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/bis-ende-juli-stehen-anlegern-vermutlich-holprige-boersenwochen-bevor-ld.11448" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Nettovolumen an Kaufoptionen («Calls») auf die grössten Aktien und Tech-Werte (Megacaps = MCG und Tech) sowie den Rest des S&P 500, Anzahl der Terminmarktkontrakte, in Tausend (Quelle: Deutsche Bank Research)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/27/39870a19-f82c-4748-a1e8-05b6c5fe9360.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/06/27/39870a19-f82c-4748-a1e8-05b6c5fe9360.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/06/27/39870a19-f82c-4748-a1e8-05b6c5fe9360.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/06/27/39870a19-f82c-4748-a1e8-05b6c5fe9360.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/bis-ende-juli-stehen-anlegern-vermutlich-holprige-boersenwochen-bevor-ld.11448" data-nzz-referrer="articleTeaser" ordinal-number="38" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--37">  <span class="teaser__title-name">Bis Ende Juli stehen Anlegern vermutlich holprige Börsenwochen bevor</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Aktienrückkäufe fallen bei den meisten US-Unternehmen als Kursstütze aus. Der Grund ist die «Blackout Period». Die lange unangreifbaren US-Chipkonzerne zeigen Schwäche. Und die Präsidentschaftswahlen rücken näher.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">28.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11286" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/renditen-von-15-bis-20-sind-moeglich-ld.11286" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Christian Stracke, Research-Chef von Pimco" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/18/1f245df9-fefc-4a97-8950-f88d491058cd.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=375,281,x198,y23 160w, https://img.themarket.ch/2024/06/18/1f245df9-fefc-4a97-8950-f88d491058cd.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=375,281,x198,y23 320w, https://img.themarket.ch/2024/06/18/1f245df9-fefc-4a97-8950-f88d491058cd.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=375,281,x198,y23 120w, https://img.themarket.ch/2024/06/18/1f245df9-fefc-4a97-8950-f88d491058cd.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=375,281,x198,y23 240w" width="375" height="281" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/renditen-von-15-bis-20-sind-moeglich-ld.11286" data-nzz-referrer="articleTeaser" ordinal-number="39" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--38">  <span class="teaser__title-name">«Renditen von 15 bis 20% sind möglich»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Christian Stracke vom Vermögensverwalter Pimco investiert in Rettungsfinanzierungen für hoch verschuldete Unternehmen. Viele davon gehören Private-Equity-Fonds. Die Zinsen entschädigen für die erheblichen Risiken.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">24.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11403" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/gross-returns-of-15-to-20-are-possible-ld.11403" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Gross returns of 15 to 20% are possible»" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/18/6bc7f5f2-580a-433d-b37e-9b6542292205.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=333,250,x231,y10 160w, https://img.themarket.ch/2024/06/18/6bc7f5f2-580a-433d-b37e-9b6542292205.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=333,250,x231,y10 320w, https://img.themarket.ch/2024/06/18/6bc7f5f2-580a-433d-b37e-9b6542292205.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=333,250,x231,y10 120w, https://img.themarket.ch/2024/06/18/6bc7f5f2-580a-433d-b37e-9b6542292205.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=333,250,x231,y10 240w" width="333" height="250" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/gross-returns-of-15-to-20-are-possible-ld.11403" data-nzz-referrer="articleTeaser" ordinal-number="40" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--39">  <span class="teaser__title-name">«Gross returns of 15 to 20% are possible»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Pimco President Christian Stracke is deploying capital aggressively into emergency loans for highly indebted companies, often owned by private equity funds. However, he expects cumulative defaults of 15% for speculative grade companies until 2026, which will weigh down global growth.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">24.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11398" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/kurseinbrueche-bei-deutschen-aktien-zeigen-wie-fragil-die-erholung-ist-ld.11398" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Kurseinbrüche bei deutschen Aktien zeigen, wie fragil die Erholung ist" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/21/6ef9dfdc-ad96-4e32-ba84-5f0ec9ff00d9.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=409,409,x162,y47 120w, https://img.themarket.ch/2024/06/21/6ef9dfdc-ad96-4e32-ba84-5f0ec9ff00d9.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=409,409,x162,y47 240w, https://img.themarket.ch/2024/06/21/6ef9dfdc-ad96-4e32-ba84-5f0ec9ff00d9.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=409,409,x162,y47 80w, https://img.themarket.ch/2024/06/21/6ef9dfdc-ad96-4e32-ba84-5f0ec9ff00d9.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=409,409,x162,y47 160w" width="409" height="409" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/kurseinbrueche-bei-deutschen-aktien-zeigen-wie-fragil-die-erholung-ist-ld.11398" data-nzz-referrer="articleTeaser" ordinal-number="41" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--40">  <span class="teaser__title-name">Kurseinbrüche bei deutschen Aktien zeigen, wie fragil die Erholung ist</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">In den ersten Monaten des Jahres war zarte Hoffnung auf eine Erholung im produzierenden Gewerbe aufgekommen. Der Einkaufsmanagerindex stellt diese nun infrage. Herbe Kursverluste bei Börsenwerten wie Carl Zeiss Meditec, SMA Solar, Sartorius und Kion mahnen zusätzlich zur Vorsicht.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">21.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11340" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/bechtle-ist-eine-guenstige-wette-auf-den-boom-von-cloud-und-ki-ld.11340" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Bechtle ist eine günstige Wette auf den Boom von Cloud und KI" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/12/5af3bfa3-bf32-433f-a6f8-20a215eee891.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2339,1754,x624,y0 160w, https://img.themarket.ch/2024/06/12/5af3bfa3-bf32-433f-a6f8-20a215eee891.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2339,1754,x624,y0 320w, https://img.themarket.ch/2024/06/12/5af3bfa3-bf32-433f-a6f8-20a215eee891.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2339,1754,x624,y0 120w, https://img.themarket.ch/2024/06/12/5af3bfa3-bf32-433f-a6f8-20a215eee891.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2339,1754,x624,y0 240w" width="2339" height="1754" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/bechtle-ist-eine-guenstige-wette-auf-den-boom-von-cloud-und-ki-ld.11340" data-nzz-referrer="articleTeaser" ordinal-number="42" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--41">  <span class="teaser__title-name">Bechtle ist eine günstige Wette auf den Boom von Cloud und KI</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Trotz der Rückschläge seit 2022 hat der IT-Ausstatter seinen Kurs binnen zehn Jahren knapp vervierfacht. Er bringt Unternehmenskunden in die Daten-Cloud und legt so die Basis für die KI-Nutzung. Beim Wachstum übertrifft er sogar seine Hardwarelieferanten, die Überflieger HP und Dell.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">18.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11307" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/ramschladen-deutsche-boerse-ld.11307" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Ramschladen Deutsche Börse" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/07/4956fc00-71c1-4d72-87b3-22d14fb636a0.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 120w, https://img.themarket.ch/2024/06/07/4956fc00-71c1-4d72-87b3-22d14fb636a0.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 240w, https://img.themarket.ch/2024/06/07/4956fc00-71c1-4d72-87b3-22d14fb636a0.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 80w, https://img.themarket.ch/2024/06/07/4956fc00-71c1-4d72-87b3-22d14fb636a0.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=518,518,x101,y0 160w" width="518" height="518" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/ramschladen-deutsche-boerse-ld.11307" data-nzz-referrer="articleTeaser" ordinal-number="43" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--42">  <span class="teaser__title-name">Ramschladen Deutsche Börse</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">In einer Wutrede hat Börsenchef Theodor Weimer den eigenen Aktienmarkt als Restpostenhandel beschrieben: Investoren kämen nur noch, weil es billig sei. Das gilt aber für viele Börsen, wie das Treffen der Private-Equity-Manager in Berlin gerade gezeigt hat. Und es bietet Chancen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">07.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11257" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/clean-energy-wird-zum-naechsten-profiteur-des-booms-um-kuenstliche-intelligenz-ld.11257" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Gewichtung des Sektors Versorger relativ zum Leitindex, in Basispunkten. Blau: Investmentfonds, grün: Hedge Funds. (Goldman Sachs, 29. Mai 2024)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/06/03/3a1fb698-1e2d-476c-9746-de2e5df5826a.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4314,3236,x582,y0 160w, https://img.themarket.ch/2024/06/03/3a1fb698-1e2d-476c-9746-de2e5df5826a.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4314,3236,x582,y0 320w, https://img.themarket.ch/2024/06/03/3a1fb698-1e2d-476c-9746-de2e5df5826a.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4314,3236,x582,y0 120w, https://img.themarket.ch/2024/06/03/3a1fb698-1e2d-476c-9746-de2e5df5826a.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4314,3236,x582,y0 240w" width="4314" height="3236" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/clean-energy-wird-zum-naechsten-profiteur-des-booms-um-kuenstliche-intelligenz-ld.11257" data-nzz-referrer="articleTeaser" ordinal-number="44" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--43">  <span class="teaser__title-name">Clean Energy wird zum nächsten Profiteur des KI-Booms</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Erneuerbare-Energie-Aktien haben die Trendwende geschafft. Denn KI-Anfragen benötigen zehnmal so viel Energie wie die Google-Suche, und die Tech-Konzerne haben sich auf Ökostrom verpflichtet. Besonders der US-Wert First Solar steigt rasant.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">03.06.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11197" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/was-aus-sicht-von-goldman-sachs-fuer-den-problemfall-deutschland-spricht-ld.11197" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Morgendämmerung über Berlin: Der Aufschwung ist bereits im Gange, sagt Europa-Chefvolkswirt Sven Jari Stehn von Goldman Sachs. (Lukasz Czeladzinski / Unsplash)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/05/24/54b012be-4440-428d-9796-d2559fab7ca0.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=409,409,x155,y54 120w, https://img.themarket.ch/2024/05/24/54b012be-4440-428d-9796-d2559fab7ca0.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=409,409,x155,y54 240w, https://img.themarket.ch/2024/05/24/54b012be-4440-428d-9796-d2559fab7ca0.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=409,409,x155,y54 80w, https://img.themarket.ch/2024/05/24/54b012be-4440-428d-9796-d2559fab7ca0.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=409,409,x155,y54 160w" width="409" height="409" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/was-aus-sicht-von-goldman-sachs-fuer-den-problemfall-deutschland-spricht-ld.11197" data-nzz-referrer="articleTeaser" ordinal-number="45" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--44">  <span class="teaser__title-name">Warum Goldman Sachs die Trendwende in Deutschland erwartet</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die ifo-Geschäftserwartungen haben sich im Mai verbessert. Und die US-Investmentbank erkennt fünf Faktoren für eine Rückkehr zu früherer Stärke. Wenn das Land diese Chancen nutze, könne es erneut das Comeback schaffen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">27.05.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11183" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/die-unbemerkte-verwandlung-des-versicherers-talanx-zum-wachstumswert-ld.11183" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="BASF-Werk in Ludwigshafen: Hinter Hannover Rück und Talanx steht der Haftpflichtverband der deutschen Industrie (HDI). (Ben Kilb/Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/05/24/e8d68b2d-d01f-4998-892f-40c0daad5346.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1779,1334,x111,y0 160w, https://img.themarket.ch/2024/05/24/e8d68b2d-d01f-4998-892f-40c0daad5346.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1779,1334,x111,y0 320w, https://img.themarket.ch/2024/05/24/e8d68b2d-d01f-4998-892f-40c0daad5346.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1779,1334,x111,y0 120w, https://img.themarket.ch/2024/05/24/e8d68b2d-d01f-4998-892f-40c0daad5346.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1779,1334,x111,y0 240w" width="1779" height="1334" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/die-unbemerkte-verwandlung-des-versicherers-talanx-zum-wachstumswert-ld.11183" data-nzz-referrer="articleTeaser" ordinal-number="46" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--45">  <span class="teaser__title-name">Die unbemerkte Verwandlung des Versicherers Talanx in einen Wachstumswert</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Finanzmarkt sieht die Gruppe vor allem als Halter von Hannover-Rück-Anteilen. Dabei hat das Management die Industrie- und die Privatkundensparte saniert und zu echten Gewinntreibern umgebaut. Die gibt es günstig dazu.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">27.05.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11169" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/meinung/deutschlands-unternehmen-senden-hoffnungszeichen-ld.11169" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Frankfurter Skyline mit Bankentürmen: Die Finanzbranche steigerte ihre Gewinne im ersten Quartal um 20 Prozent. (Raja Sen / Unsplash)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/05/17/e0593dc9-d63c-482d-86f1-1be2044a2ddf.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=2625,1969,x1553,y570 160w, https://img.themarket.ch/2024/05/17/e0593dc9-d63c-482d-86f1-1be2044a2ddf.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=2625,1969,x1553,y570 320w, https://img.themarket.ch/2024/05/17/e0593dc9-d63c-482d-86f1-1be2044a2ddf.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=2625,1969,x1553,y570 120w, https://img.themarket.ch/2024/05/17/e0593dc9-d63c-482d-86f1-1be2044a2ddf.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2625,1969,x1553,y570 240w" width="2625" height="1969" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/deutschlands-unternehmen-senden-hoffnungszeichen-ld.11169" data-nzz-referrer="articleTeaser" ordinal-number="47" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--46">  <span class="teaser__title-name">Deutschlands Unternehmen senden Hoffnungszeichen</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Haushaltsstreit, Bürokratiestau und Konjunkturflaute deprimieren das Land. Dabei ist die Stimmung schlechter als die Lage. Das zeigen die Quartalsberichte der DAX-Mitglieder: Zwei Drittel von ihnen haben positiv überrascht und die Analystenprognosen übertroffen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">17.05.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_11070" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/deutsche-nebenwerte-wo-deutschland-noch-waechst-ld.11070" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Unternehmenseigentümer und Chef Marc Fielmann treibt die internationale Expansion voran. (ZVG)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/05/03/23053909-c3b2-4ffc-ad41-f1236a0dafb1.png?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1895,1421,x84,y0 160w, https://img.themarket.ch/2024/05/03/23053909-c3b2-4ffc-ad41-f1236a0dafb1.png?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1895,1421,x84,y0 320w, https://img.themarket.ch/2024/05/03/23053909-c3b2-4ffc-ad41-f1236a0dafb1.png?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1895,1421,x84,y0 120w, https://img.themarket.ch/2024/05/03/23053909-c3b2-4ffc-ad41-f1236a0dafb1.png?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1895,1421,x84,y0 240w" width="1895" height="1421" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/deutsche-nebenwerte-wo-deutschland-noch-waechst-ld.11070" data-nzz-referrer="articleTeaser" ordinal-number="48" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--47">  <span class="teaser__title-name">Deutsche Nebenwerte: wo Deutschland noch wächst</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Die Bundesregierung hat die Konjunkturprognose für 2024 erhöht – von 0,2 auf 0,3%. Anlegern kann die Nullkomma-Flaute egal sein. Allein in der ersten Maiwoche berichteten mehrere deutsche Börsenunternehmen von starkem Wachstum: Fielmann, Nemetschek und Rational.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">02.05.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10865" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/nur-wenige-sehen-die-belastungen-die-wir-im-ersten-halbjahr-noch-vor-uns-haben-ld.10865" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Das Monetäre ist wirklich immer das, was alle anderen Einflussfaktoren überlagern kann»: Jens Ehrhardt" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/26/d65d2f83-b82c-454f-9ff5-5f4baf5eb5a5.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=5973,4480,x373,y0 160w, https://img.themarket.ch/2024/03/26/d65d2f83-b82c-454f-9ff5-5f4baf5eb5a5.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=5973,4480,x373,y0 320w, https://img.themarket.ch/2024/03/26/d65d2f83-b82c-454f-9ff5-5f4baf5eb5a5.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=5973,4480,x373,y0 120w, https://img.themarket.ch/2024/03/26/d65d2f83-b82c-454f-9ff5-5f4baf5eb5a5.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=5973,4480,x373,y0 240w" width="5973" height="4480" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/interview/nur-wenige-sehen-die-belastungen-die-wir-im-ersten-halbjahr-noch-vor-uns-haben-ld.10865" data-nzz-referrer="articleTeaser" ordinal-number="49" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--48">  <span class="teaser__title-name">«Nur wenige sehen die Belastungen, die wir im ersten Halbjahr noch vor uns haben»</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Vermögensverwalter Jens Ehrhardt sieht eine gefährliche Sorglosigkeit am Markt. Dass die Unternehmensgewinne 2024 wie von Analysten erwartet um 10% wachsen, hält er für illusorisch. Auch für die kommenden zehn Jahre sei nur eine unterdurchschnittliche Aktienrendite zu erwarten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">09.04.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10856" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/encavis-die-uebernahme-ist-ein-kaufsignal-fuer-windparkentwickler-pne-ld.10856" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Verfügt über exzellente Politik-Kontakte bis ins Bundeskanzleramt: Der scheidende PNE-Chef Markus Lesser" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/27/7ad1d36e-31c8-4aed-8d37-2b48a760215c.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=1873,1405,x313,y0 160w, https://img.themarket.ch/2024/03/27/7ad1d36e-31c8-4aed-8d37-2b48a760215c.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=1873,1405,x313,y0 320w, https://img.themarket.ch/2024/03/27/7ad1d36e-31c8-4aed-8d37-2b48a760215c.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=1873,1405,x313,y0 120w, https://img.themarket.ch/2024/03/27/7ad1d36e-31c8-4aed-8d37-2b48a760215c.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1873,1405,x313,y0 240w" width="1873" height="1405" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/encavis-die-uebernahme-ist-ein-kaufsignal-fuer-windparkentwickler-pne-ld.10856" data-nzz-referrer="articleTeaser" ordinal-number="50" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--49">  <span class="teaser__title-name">Encavis: Die Übernahme ist ein Kaufsignal für Windparkentwickler PNE</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Das Gebot von KKR für Encavis zeigt die Unterbewertung der deutschen Wettbewerber auf. Verkaufskandidat PNE hat am KKR-Deal gemessen 40% Kurspotenzial. Bei PNE steht zudem die Rückkehr des früheren Interimschefs an.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">03.04.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10838" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/douglas-ipo-rettung-gelungen-investoren-in-not-ld.10838" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Douglas-IPO: Rettung gelungen, Investoren in Not" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/21/d7ac1ff2-6014-4139-84cd-ec1cdb524c96.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=1136,1136,x432,y151 120w, https://img.themarket.ch/2024/03/21/d7ac1ff2-6014-4139-84cd-ec1cdb524c96.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=1136,1136,x432,y151 240w, https://img.themarket.ch/2024/03/21/d7ac1ff2-6014-4139-84cd-ec1cdb524c96.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=1136,1136,x432,y151 80w, https://img.themarket.ch/2024/03/21/d7ac1ff2-6014-4139-84cd-ec1cdb524c96.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=1136,1136,x432,y151 160w" width="1136" height="1136" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/douglas-ipo-rettung-gelungen-investoren-in-not-ld.10838" data-nzz-referrer="articleTeaser" ordinal-number="51" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--50">  <span class="teaser__title-name">Douglas-IPO: Rettung gelungen, Investoren in Not</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die Parfümeriekette Douglas hat durch den Börsengang dringend nötiges Kapital für den Schuldenabbau erhalten. Um das zu erreichen, zogen die Banken und Eigner CVC die Emission trotz schwacher Nachfrage durch. Den Nachteil haben die Käufer der Aktien.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">21.03.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10778" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/die-deutsche-boerse-ist-ein-unterschaetzter-compounder-ld.10778" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Neu-Börsenchef Stephan Leithner galt als Kandidat für den Top Job bei der Deutschen Bank, ehe ihn ein politisches Missgeschick ausbremste." src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/15/b2210a00-1477-440a-83f7-04a3e5d239b3.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=4952,3714,x301,y0 160w, https://img.themarket.ch/2024/03/15/b2210a00-1477-440a-83f7-04a3e5d239b3.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=4952,3714,x301,y0 320w, https://img.themarket.ch/2024/03/15/b2210a00-1477-440a-83f7-04a3e5d239b3.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=4952,3714,x301,y0 120w, https://img.themarket.ch/2024/03/15/b2210a00-1477-440a-83f7-04a3e5d239b3.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4952,3714,x301,y0 240w" width="4952" height="3714" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/analyse/die-deutsche-boerse-ist-ein-unterschaetzter-compounder-ld.10778" data-nzz-referrer="articleTeaser" ordinal-number="52" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--51">  <span class="teaser__title-name">Die Deutsche Börse ist ein unterschätzter Compounder</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der Börsenbetreiber Deutsche Börse gehört seit langem zu den stärksten Wertsteigerern am eigenen Handelsplatz. Doch derzeit liegt die Bewertung auf einem Achtjahrestief. Dabei stimmen die Strategie des neuen Chefs Stephan Leithner und auch die Geschäftszahlen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">19.03.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10796" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/wohnungsknappheit-in-deutschland-profitieren-immobilienaktien-wie-vonovia-ld.10796" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Warum Immobilienaktien nicht vom knapperen Wohnungsangebot in Deutschland profitieren" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/18/d37fb6c3-0a21-4b00-a2a1-057a161930fd.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=1136,1136,x456,y126 120w, https://img.themarket.ch/2024/03/18/d37fb6c3-0a21-4b00-a2a1-057a161930fd.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=1136,1136,x456,y126 240w, https://img.themarket.ch/2024/03/18/d37fb6c3-0a21-4b00-a2a1-057a161930fd.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=1136,1136,x456,y126 80w, https://img.themarket.ch/2024/03/18/d37fb6c3-0a21-4b00-a2a1-057a161930fd.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=1136,1136,x456,y126 160w" width="1136" height="1136" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/wohnungsknappheit-in-deutschland-profitieren-immobilienaktien-wie-vonovia-ld.10796" data-nzz-referrer="articleTeaser" ordinal-number="53" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--52">  <span class="teaser__title-name">Warum Immobilienaktien nicht vom knapperen Wohnungsangebot in Deutschland profitieren</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die Aktien deutscher Wohnungsverwalter wie Vonovia und LEG bleiben eine Wette auf sinkende Zinsen. Nur Mutige steigen schon ein, auch wenn die Unternehmen langfristig am Versagen der Politik verdienen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉️</span> <time class="metainfo__item metainfo__item--date">18.03.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10762" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--regular teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-regular"><figure class="poster__figure poster__figure--image"><a href="/mister-market/douglas-will-sich-an-die-boerse-retten-ld.10762" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Douglas-Geschäft in Düsseldorf (Quelle: Douglas)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/12/12e0b56a-6c5a-4b61-9d33-cd28bad0da86.jpeg?width=160&height=120&fit=bounds&quality=75&auto=webp&crop=3643,2732,x227,y0 160w, https://img.themarket.ch/2024/03/12/12e0b56a-6c5a-4b61-9d33-cd28bad0da86.jpeg?width=320&height=240&fit=bounds&quality=75&auto=webp&crop=3643,2732,x227,y0 320w, https://img.themarket.ch/2024/03/12/12e0b56a-6c5a-4b61-9d33-cd28bad0da86.jpeg?width=120&height=90&fit=bounds&quality=75&auto=webp&crop=3643,2732,x227,y0 120w, https://img.themarket.ch/2024/03/12/12e0b56a-6c5a-4b61-9d33-cd28bad0da86.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3643,2732,x227,y0 240w" width="3643" height="2732" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/mister-market/douglas-will-sich-an-die-boerse-retten-ld.10762" data-nzz-referrer="articleTeaser" ordinal-number="54" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-regular"><span class="teaser__flag--text"> Mr Market </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--regular teaser__title--53">  <span class="teaser__title-name">Börsengang als Rettung für Douglas</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--regular">Der deutsche Parfümhändler strebt an den Aktienmarkt. Mit begrenztem Wachstumspotenzial – und hohen Schulden.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">12.03.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--articlelist-a "><div id="id-ld_10737" data-nzz-tid="teaser" data-nzz-ct="" class="teaser teaser__layout--opinion teaser--size-articlelist-a">    <div flag-item="[object Object]" flag-size="articlelist-a" class="poster poster--articlelist-a poster--articlelist-a-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/die-aktienrente-ist-ein-gewinn-fuer-deutschland-ld.10737" data-nzz-referrer="articleTeaser" class="teaser__link teaser__link--poster teaser__link--poster-articlelist-a"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Wertsteigerung des schwedischen Pensionsfonds AP7, in Prozent, im Vergleich zum Durchschnitt privater Fonds. (Quelle: UBS Global Investment Returns Yearbook 2024 von Dimson, Marsh und Staunton)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/03/06/ef327331-b8b2-4e1f-82fe-f6af004837d7.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=1136,1136,x449,y111 120w, https://img.themarket.ch/2024/03/06/ef327331-b8b2-4e1f-82fe-f6af004837d7.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=1136,1136,x449,y111 240w, https://img.themarket.ch/2024/03/06/ef327331-b8b2-4e1f-82fe-f6af004837d7.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=1136,1136,x449,y111 80w, https://img.themarket.ch/2024/03/06/ef327331-b8b2-4e1f-82fe-f6af004837d7.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=1136,1136,x449,y111 160w" width="1136" height="1136" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--articlelist-a"><a href="/meinung/die-aktienrente-ist-ein-gewinn-fuer-deutschland-ld.10737" data-nzz-referrer="articleTeaser" ordinal-number="55" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--articlelist-a teaser__flag--articlelist-a-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--articlelist-a teaser__title--opinion teaser__title--54">  <span class="teaser__title-name">Deutschlands teure Angst vor der Aktie</span></h2>  <div class="teaser__lead teaser__lead--articlelist-a teaser__lead--opinion">Die Aktienrente kommt voran – endlich. Die Argumente der Gegner sind durch die Daten aus mehr als 120 Jahren Börsengeschichte längst widerlegt. Die Politik sollte sich bei dieser wichtigen Neuerung nicht von antikapitalistischer Ideologie bremsen lassen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--articlelist-a metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Böschen ✉</span> <time class="metainfo__item metainfo__item--date">07.03.2024</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article></div></div></div></section></section> <div class="cve articlepromobox"></div>   </div></div></div> <div id="footer" class="footer"> <div class="footer__section"><h2 class="footer__section--title"> </h2> <ul class="footer__section--list"><li class="footer__item"><a href="https://abo.themarket.ch/kontakt/" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Abo-Service </a></li><li class="footer__item"><a href="/agb" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> AGB/Datenschutz </a></li><li class="footer__item"><a href="/impressum" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Impressum </a></li><li class="footer__item"><a href="https://themarket.ch/feedback" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Feedback </a></li></ul></div> <div class="footer__print"> Copyright © The Market Media AG. 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Andere beflügelt die Aussicht auf sinkende Zinsen. Ein Versicherer, eine Internetplattform und ein Motorenbauer gehören zu den Favoriten.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1681,946,x177,y283&width=1024&quality=75&auto=webp",1260,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1260,1260,x313,y157&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1493,1120,x249,y184&width=1024&quality=75&auto=webp","ld.11777","Technik von Vossloh für das Verschweissen von Bahngleisen: Das Unternehmen ist einer der Marktführer in einer wachsenden Nische.",1597,"Alex Kraus\u002FBloomberg",2731,1572,"Giorgio Müller (gvm)",6160,"gvm",32,151,"Gabriella Hunter (gh)",5024,"gh",2800,2803,1421,4480,3714,"Quelle: UBS Global Investment Returns Yearbook 2024 von Dimson, Marsh und Staunton","Mark Böschen, Redaktor bei The Market. Sein Fokus liegt auf Geldanlage und Märkten.","main","https:\u002F\u002Fabo.themarket.ch\u002Fkampagne\u002F?lp=19003844","Empfehlungen","\u002Fempfehlungen","Strategie","\u002Fstrategie","English","\u002Fenglish","\u002Fagb","\u002Fimpressum","21","48","anonymous","font\u002Fwoff2","font","judi.image","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F03\u002F27\u002F8e8b4f43-e268-46a2-b56c-982dbe5eae76.png?width=1024&quality=75&auto=webp","judi.p","judi.barrier","judi.advertisement","judi.subtitle","Immobilienplattform Scout24 erfüllt die Kriterien für einen Compounder",44,"Kurssprung: Sartorius und andere Pharma-Aktien haben den Lagerstau überwunden","2025-01-28T10:17:27.931Z",3,"2025-01-24T01:26:52.671Z",450,"Dax-Aktien: Die deutschen Magnificent Seven und ihre Aussichten für 2025",313,157,1120,1350,"Wie es den deutschen Unternehmen geht und wer trotz der Krise profitabel wächst",2726,"2024-11-25T00:15:43.460Z",3866,209,667,"Bei Deutsche Telekom gibt es das Ex-US-Geschäft fast gratis dazu","2024-11-14T12:42:31.960Z",25,2362,75,"Chinas Super-App Meituan wetteifert mit Nvidia beim Kursplus",4,"RWE: Hedgefonds Covalis Capital ist investiert und befürwortet Rückkäufe","Exklusiv","2024-09-27T01:34:26.845Z",826,"Unicredit testet die Grenzen der löchrigen EU-Bankenregulierung",1778,2108,"Was deutsche Grossanleger umtreibt und wo sie derzeit die besten Chancen wittern",3372,"Was Gold und Minenaktien so spannend macht und wo die grössten Risiken liegen","Deutschlands grösster Vermieter Vonovia will wieder mehr bauen","2024-08-28T20:32:36.261Z",3840,"Der Kursrückgang bei Rüstungsaktien wie Hensoldt ist eine Kaufchance","2024-08-15T22:58:43.299Z","2024-08-08T01:18:53.519Z","2024-08-06T06:21:23.062Z","2024-07-31T23:27:47.472Z","2024-07-31T23:26:07.621Z","2024-07-18T11:55:08.333Z",24,20,242,"Kurseinbrüche bei deutschen Aktien zeigen, wie fragil die Erholung ist",54,"2024-06-18T01:59:25.398Z",2220,"Clean Energy wird zum nächsten Profiteur des KI-Booms","2024-06-03T00:10:39.169Z","2024-05-26T22:19:26.375Z","Deutschlands Unternehmen senden Hoffnungszeichen","2024-05-17T15:26:28.235Z","2024-04-03T02:31:18.693Z","Douglas-IPO: Rettung gelungen, Investoren in Not",1515,1438,"Die Deutsche Börse ist ein unterschätzter Compounder","2024-03-07T01:41:04.321Z","2024-03-27T10:01:27.913Z","2025-02-17T13:47:08.946Z","classification=premium,language=en-US","themarket","https:\u002F\u002Fthemarket.ch","Article","The Market abonnieren","Startseite","\u002F","\u003Cp\u003EEs ist ein Fehler aufgetreten. Bitte prüfen Sie Ihre Internetverbindung oder versuchen Sie es später erneut.\u003C\u002Fp\u003E","bellevue","judi.header","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F03\u002F27\u002F8e8b4f43-e268-46a2-b56c-982dbe5eae76.png","kp7R6mfaLRNd","2024\u002F03\u002F27\u002F8e8b4f43-e268-46a2-b56c-982dbe5eae76.png","judi.moreToSubject","Immobilienplattform Scout24 erfüllt die Kriterien für einen Compounder","2025-02-06T01:20:32.547Z","Der Dienstleister für Makler und Wohnungssuchende wächst mit hoher Kapitalrendite. Für den Chefwechsel zum 1. März gibt es einen bisher ungenannten Grund. Zwei Hauptrisiken für die Rentabilität müssen Anleger mittelfristig beachten.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F02\u002F05\u002Ff87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?crop=4000,2250,x0,y181&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F02\u002F05\u002Ff87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?crop=2667,2667,x587,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F02\u002F05\u002Ff87e974e-3a87-4a01-b67e-4cd3cac9afe8.jpeg?crop=3556,2667,x222,y0&width=1024&quality=75&auto=webp","ld.13116","Schon lange dabei: Der designierte Scout24-Chef Ralf Weitz.","Quelle: Sartorius","Sartorius und andere Pharmatitel haben den Lagerstau endlich überwunden","Der Lagerbestand der Kunden liegt wieder auf Zielniveau. Das Kursplus von 15% und die Jahreszahlen des Göttinger Laborausrüsters zeigen: Sartorius und andere Branchentitel in Deutschland und der Schweiz haben Potenzial.",3500,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F28\u002F57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?crop=3500,1969,x0,y183&width=1024&quality=75&auto=webp",1969,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F28\u002F57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?crop=2334,2334,x583,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F28\u002F57dde3d5-eaed-4b47-a8ac-79bd3f7bc151.jpeg?crop=3112,2334,x194,y0&width=1024&quality=75&auto=webp","ld.13061","Sterile Plastikbeutel von Sartorius für Zellkulturprozesse kommen in vielen Biotech-Laboren weltweit zum Einsatz.","Quelle: Fidelity International","Bei Pharmaunternehmen wie Merck, Sartorius und Gerresheimer zieht die Nachfrage endlich wieder an, sagt Fondsmanager Tom Ackermans. Eine Dax-Position im Fidelity Germany Fund hat er zuletzt verdoppelt, eine andere dagegen halbiert.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F24\u002F49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?crop=1200,675,x0,y63&width=1024&quality=75&auto=webp",675,200,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F24\u002F49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?crop=800,800,x200,y0&width=1024&quality=75&auto=webp",67,1067,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F24\u002F49bf7fb2-ec88-43c3-9832-e11c391aa763.jpeg?crop=1067,800,x67,y0&width=1024&quality=75&auto=webp","ld.13031","Bei Eon zugegriffen: Fondsmanager Tom Ackermans","Quelle: Squad Fonds","«Bei Roche ist die Bewertung fundamental gesehen einfach zu niedrig»",68,"Alexander Kapfer setzt mit seinem aktienorientierten Mischfonds Squad Makro unter anderem auf die Pharmawerte Roche und Novartis. Im Interview verrät er, warum er 2024 einige Dax-Aktien verkauft hat und weshalb er den Goldminenbetreibern Newmont und Barrick treu bleibt.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F23\u002Fd1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?crop=800,450,x0,y40&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F23\u002Fd1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?crop=530,530,x135,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F23\u002Fd1a50181-1bf8-4d5a-b219-0969207a51a3.jpeg?crop=707,530,x47,y0&width=1024&quality=75&auto=webp","ld.12975","Die deutschen «Magnificent Seven» und ihre Aussichten für 2025","Ruedi Keller (rk)",5,"rk","2025-01-20T12:23:57.633Z","Sieben Aktien sind für den gesamten Anstieg des Dax im vorigen Jahr verantwortlich. Deutsche Bank Research spricht von der deutschen Version der US-«Mag7». Mr Market zeigt, wo die deutschen Titel abfallen und wie die Chancen stehen.",7360,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F20\u002Fbf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?crop=7360,4140,x0,y386&width=1024&quality=75&auto=webp",1224,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F20\u002Fbf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?crop=4912,4912,x1224,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F01\u002F20\u002Fbf3aab5f-68dc-4356-95fb-cdda0d009dc9.jpeg?crop=6549,4912,x405,y0&width=1024&quality=75&auto=webp","ld.12972","Investment für Cloud-Computing und KI: Rechenzentrum der Deutschen Telekom in Biere bei Magdeburg.",11777,"fmiM9kZDBX8QuXAwwDD94","Deutsche Aktien: Diese Titel halten Fondsmanager für attraktiv bewertet","322646-2913-814;29613036-2913-814;352791-2913-814;21644750-2913-814;129870173-2913-814;669271-2913-814","2024-08-20T13:43:07.171Z","deutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv",9960,"2025-01-06T21:57:26.339Z","\u002Fanalyse\u002Fdeutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777",2128,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg",177,1681,283,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1681,946,x177,y283&width=2048&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1681,946,x177,y283&width=620&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1681,946,x177,y283&width=320&quality=75&auto=webp",946,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1260,1260,x313,y157&width=2048&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1260,1260,x313,y157&width=620&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1260,1260,x313,y157&width=320&quality=75&auto=webp",249,1493,184,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1493,1120,x249,y184&width=2048&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1493,1120,x249,y184&width=620&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?crop=1493,1120,x249,y184&width=320&quality=75&auto=webp","xlHfvH6NUDwb","2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fe1c7b764-309d-4010-936c-fdca6ca8bead.jpeg?width=1024&quality=75&auto=webp",1417,"https:\u002F\u002Fthemarket.ch\u002Fanalyse\u002Fdeutsche-aktien-diese-titel-halten-fondsmanager-fuer-attraktiv-ld.11777","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F14\u002Fb64b628b-0a9f-41dc-90d7-9702ff6d9faf.jpeg?width=1024&quality=75&auto=webp","11777","Trotz Dax-Rekord: Deutsche Small Caps stürzen auf Krisentief und bieten Chancen","2024-12-08T21:36:07.575Z","Kleinere Aktien sind zeitweise unter den Buchwert gefallen. Die Anleger schwelgen in Untergangsszenarien für die Wirtschaft, doch viele Geschäftsmodelle sind solide. Solch eine Bewertung war meist eine gute Einstiegschance.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F12\u002F06\u002F0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?crop=2400,1350,x0,y124&width=1024&quality=75&auto=webp",202,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F12\u002F06\u002F0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?crop=1597,1597,x202,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F12\u002F06\u002F0f944b8e-f875-4036-a7a0-41a1f0f63bb0.jpeg?crop=2129,1597,x0,y0&width=1024&quality=75&auto=webp","ld.12635","2024-11-28T23:33:38.942Z","Für Zykliker bleibt es zäh, hiess es beim Treffen von Investoren und Firmenmanagern der Deutschen Börse. Einige hat Donald Trumps Zoll-Ankündigung kalt erwischt. Chipzulieferer wie Aixtron und Medizintechniker wie Stratec hoffen für 2025 auf Besserung. Manche Unternehmen preschen unbeeindruckt von der heimischen Misere voran.",3635,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F27\u002Ff5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?crop=3635,2045,x1224,y613&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F27\u002Ff5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?crop=2726,2726,x2050,y447&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F27\u002Ff5cf8bff-e586-4de6-9651-a5714d78c2da.jpeg?crop=3635,2726,x1208,y580&width=1024&quality=75&auto=webp","ld.12602","Springer Nature entmachtet Neuaktionäre und sitzt massenhaftem Betrug auf",45,"Beraterbanken des Börsenneulings ziehen den Vergleich zu den Kursraketen Wolters Kluwer und Relx, doch der trügt. Ein Fälschungsskandal zeigt die Risiken des Geschäfts auf. Abschreckend wirkt die Entmachtung der Neuaktionäre durch die Alteigner mittels einer raren Rechtsform.",5799,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F21\u002Fd30d4daa-268a-4668-bc95-d05a22819644.jpeg?crop=5799,3261,x0,y605&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F21\u002Fd30d4daa-268a-4668-bc95-d05a22819644.jpeg?crop=3866,3866,x1799,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F21\u002Fd30d4daa-268a-4668-bc95-d05a22819644.jpeg?crop=4580,3436,x1219,y430&width=1024&quality=75&auto=webp","ld.12554","Evotec bleibt Übernahmekandidat trotz des Rückzugs eines unpassenden Bieters","2024-11-22T15:14:45.620Z","Der Private-Equity-Fonds Triton Partners hält fast 10% und ist nicht für das Kaufen von Minderheitsanteilen bekannt. Die US-Pharmafirma Halozyme, die ihr Interesse nun zurückzog, passte ohnehin nicht recht zu dem angeschlagenen Auftragsforscher aus Hamburg.",214,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F22\u002Fcc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?crop=4096,2304,x0,y214&width=1024&quality=75&auto=webp",2304,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F22\u002Fcc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?crop=2731,2731,x683,y0&width=1024&quality=75&auto=webp",227,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F22\u002Fcc9b47ad-29a3-4804-81c3-d9eff7c73ca3.webp?crop=3641,2731,x227,y0&width=1024&quality=75&auto=webp","ld.12572","Krisztian Bocsi\u002FBloomberg","Evotec könnte von neuem Eigentümer profitieren, die Aktionäre ebenfalls","2024-11-15T12:09:53.252Z","Zwei Interessenten buhlen um den Auftragspharmaforscher aus Hamburg. Der gefallene Börsenstar hat viel Wert vernichtet durch Missmanagement. Anleger können darauf setzen, dass ein neuer Eigner aufräumen dürfte und sollten vorerst ihre Aktien behalten.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F15\u002Fa553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?crop=4000,2250,x0,y209&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F15\u002Fa553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?crop=2667,2667,x667,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F15\u002Fa553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?crop=3556,2667,x222,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F15\u002Fa553a878-2de6-4f5c-8b0e-49832ff502c6.jpeg?width=1024&quality=75&auto=webp","ld.12537","Stark in der Nische: Wissenschaftlerin in einem Forschungslabor von Evotec in Hamburg","Quelle: UBS, Refinitiv Datastream","Um die US-Wahl ist der Aktienkurs der Tochter T-Mobile US weiter gestiegen. Das US-Geschäft macht nun fast den gesamten Börsenwert des Konzerns aus. Das deutsche Stammgeschäft und Europa erhalten Anleger fast kostenlos dazu. Die Verzerrung bietet einen Risikopuffer gegen Bewertungsrückschläge in Übersee.",122,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F14\u002F31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?crop=2362,1329,x0,y122&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F14\u002F31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?crop=1572,1572,x395,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F14\u002F31c6722f-7874-4fbf-a76d-8ddf7606eaec.jpeg?crop=2096,1572,x133,y0&width=1024&quality=75&auto=webp","ld.12527","Digitalisierungsdienstleister: Angestellte in einem Rechenzentrum von Deutsche Telekom in Magdeburg.","RWE trotzt Trump mit Aktienrückkauf und Stromverträgen mit Meta und Rivian","261402","2024-11-13T12:28:49.137Z","Der deutsche Versorger erfüllt eine Forderung von Investoren und kauft als unterbewertet erachtete eigene Aktien vom Markt. Er kürzt Investitionen in US-Offshore-Windparks. Doch der Hunger von Tech-Konzernen auf Ökostrom für die vielen neuen Rechenzentren bleibt gross.",21,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F13\u002F134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?crop=1957,1101,x21,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F13\u002F134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?crop=1101,1101,x122,y0&width=1024&quality=75&auto=webp",321,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F13\u002F134d9608-db49-4c69-bb25-af651d6cf1d8.jpeg?crop=1468,1101,x321,y0&width=1024&quality=75&auto=webp","ld.12520","Christopher Goodney\u002F Bloomberg","Princeton-Ökonom Brunnermeier warnt vor politischer Macht des Silicon Valley","2024-11-07T15:52:19.068Z","Auf einer Investorenkonferenz hat Princeton-Ökonom Markus Brunnermeier seine Prognosen für die zweite Trump-Ära dargelegt. Er erwartet Zölle, höhere Schulden und Inflation. Tech-Milliardäre würden stark an politischem Einfluss gewinnen. Er sieht sogar das Risiko oligarchischer Tendenzen. Elon Musk werde eine Digitalwährung starten.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F07\u002F76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?crop=4000,2250,x0,y209&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F07\u002F76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?crop=2667,2667,x667,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F11\u002F07\u002F76f92a4d-153f-4a20-af90-57f73d7da12a.jpeg?crop=3556,2667,x222,y0&width=1024&quality=75&auto=webp","ld.12480","Ökonom Markus Brunnermeier lehrt seit 25 Jahren in Princeton.","Foto: Unternehmen","RWE ist ein verkannter Gewinner der KI und des Baubooms bei Rechenzentren","2024-10-13T22:56:27.791Z","Der Versorger gehört in den USA zu den grössten Anbietern erneuerbarer Energie und hat mehrere Langfristverträge mit Kunden wie Microsoft geschlossen. Die Aktien sind halb so teuer wie die Titel der Rivalen. Investoren dringen auf Veränderungen, darunter mehrere Hedgefonds.","ld.12222","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F13\u002Fc1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?crop=4000,2250,x0,y417&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F13\u002Fc1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?crop=2667,2667,x151,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F13\u002Fc1f0eeae-5c9a-4d01-b517-9b1594e800e1.jpeg?crop=3556,2667,x0,y0&width=1024&quality=75&auto=webp","Strompreis bei US-Langfristverträgen (PPA) steigt stetig.","Deutsche Telekom ist ein unterschätzter Langfristgewinner","2024-10-11T01:12:52.086Z","Zwei Drittel des Gewinns stammen inzwischen aus den USA, wo die Deutschen die Konkurrenz deklassiert haben. Sie stehen nicht nur beim Börsenwert der US-Tochter vorn, sondern auch bei der Profitabilität. Die soeben verkündeten Ziele bis 2027 und die moderate Bewertung machen die Aktien zum Kauf.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F11\u002Fc2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?crop=4000,2250,x0,y209&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F11\u002Fc2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?crop=2667,2667,x667,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F11\u002Fc2d3da57-77d4-4f1e-beda-e55c55f8d37d.jpeg?crop=3556,2667,x222,y0&width=1024&quality=75&auto=webp","ld.12243","Deutsche Telekom und Wettbewerber in Europa und in den USA, Börsenwert in Mrd. €.","Na Bian \u002F Bloomberg","Christoph Gisiger (cg)","cg","2024-10-10T05:23:12.468Z","Durch die Rally seit September schloss der lange zurückliegende Hongkonger Hang Seng für 2024 kurzzeitig zum MSCI World auf und hält immer noch mehr als 25% Jahresgewinn. Technologieaktien wie Tencent, Alibaba und allen voran Meituan schafften noch viel höhere Kurssteigerungen.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F10\u002Fed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?crop=2400,1350,x0,y225&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F10\u002Fed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?crop=1800,1800,x481,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F10\u002F10\u002Fed759e74-8e66-4a97-8c6f-03436e4f0f68.jpeg?crop=2400,1800,x0,y0&width=1024&quality=75&auto=webp","ld.12239","\u002Fexklusiv",18,"Der Londoner Energiebranchen-Spezialist ist beim deutschen Versorger investiert, wie The Market in Erfahrung gebracht hat. Co-Gründer Zach Mecelis unterstützt das Management, hat aber «Meinungsverschiedenheiten in taktischen Fragen»: Die Investitionen seien zu hoch, Aktienrückkäufe wären sinnvoll, sagt er.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F26\u002F64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?crop=4000,2250,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F26\u002F64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?crop=2250,2250,x875,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F26\u002F64359bf9-d7e2-4c97-9748-d09d83d55106.jpeg?crop=3000,2250,x500,y0&width=1024&quality=75&auto=webp","ld.12152","Windkraft vor dem Braunkohle-Tagebau Garzweiler von RWE: Die Kohle-Assets verderben das Nachhaltigkeitsrating und schrecken Anleger ab.","«Das Investieren haben die Deutschen viele Jahre lang versäumt. Ich finde es gut, dass da ein Umdenken kommt.»","2024-09-25T02:34:14.860Z","Anja Mikus verwaltet seit der Gründung 2017 den deutschen Staatsfonds Kenfo mit knapp 24 Mrd. € zur Entsorgung des Atommülls. Schon bald will sie mit allen wichtigen Vermögensverwaltern sprechen, um Mandate zu vergeben für die neue Aktienrente, das sogenannte Generationenkapital.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F24\u002F53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?crop=1394,784,x1756,y907&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F24\u002F53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?crop=826,826,x2074,y865&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F24\u002F53c53ad4-99b2-4026-a363-60a2fcd79510.jpeg?crop=1101,826,x1878,y871&width=1024&quality=75&auto=webp","ld.12069","2024-09-23T14:39:14.146Z","Italiens Grossbank hat Zugriff auf 21% der Commerzbank-Aktien gemeldet. Die Bundesregierung will die Übernahme verhindern – wohl auch, um die Bankenunion durch die Hintertür abzuwehren. Das Kurspotenzial wirkt inzwischen begrenzt, die Risiken dagegen sind beträchtlich.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F23\u002F0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?crop=3160,1778,x544,y202&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F23\u002F0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?crop=2108,2108,x1137,y87&width=1024&quality=75&auto=webp",83,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F23\u002F0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?crop=2810,2108,x641,y83&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F23\u002F0801d343-6bc9-41fe-8991-8b993bb7ead3.jpeg?width=1024&quality=75&auto=webp","ld.12075","Excess Capital definiert jenes Kapital, dass die Anforderungen für eine Kapitalquote (CET1) von 13% übersteigt","Qilai Shen \u002F Bloomberg","Deutsche Autobranche: Auf den Spuren der Stahlindustrie","2024-09-20T12:35:14.318Z",29,"Mercedes hat seine Gewinnprognose noch stärker gesenkt als eine Woche zuvor der Rivale BMW. Volkswagen kämpft unterdessen mit den viel zu hohen Kosten – und mit defekten Bremsen von Continental. Die Branche droht zum Nachfolger der Stahlhersteller zu werden.",6240,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F20\u002Fc44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?crop=6240,3509,x0,y651&width=1024&quality=75&auto=webp",4160,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F20\u002Fc44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?crop=4160,4159,x1580,y1&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F20\u002Fc44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?crop=4931,3697,x1004,y463&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F20\u002Fc44909b3-68ed-420e-9046-e7d394ed8e2f.jpeg?width=1024&quality=75&auto=webp","ld.12062","G wie Gewinnwarnung: Elektrisch angetriebener Geländewagen von Mercedes auf der Beijing Auto Show am 25. April 2024.","J.I. \u002F Unsplash","2024-09-13T09:19:54.886Z",38,"In Köln trafen kürzlich einige der grössten Investoren der Republik zusammen. Optimistisch sind sie für Gewerbeimmobilien in Toplagen, sogar die von René Benko. Die Produktivitätsgewinne durch KI schätzen sie als bedeutend ein. Zwei Börsenwerte erhielten Sonderlob.",6000,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F13\u002Fce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?crop=5995,3372,x3,y0&width=1024&quality=75&auto=webp",2997,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F13\u002Fce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?crop=2997,2997,x1011,y164&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F13\u002Fce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?crop=4496,3372,x752,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F13\u002Fce6ed819-7a1a-4c0a-a6d3-912bdb4baf3e.jpeg?width=1024&quality=75&auto=webp","ld.12030","Bild: SeongJoon Choo\u002FBloomberg","2024-09-09T02:42:01.114Z","Nach jahrelanger Flaute steigt der Goldpreis seit dem März kräftig. Der Ausbruch könnte erst der Beginn eines langen Bullenmarkts sein. Minenaktien bieten noch grössere Chancen, wenn ein Belastungsfaktor unter Kontrolle bleibt.",4500,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F06\u002F13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?crop=4500,2531,x0,y234&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F06\u002F13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?crop=3000,3000,x165,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F06\u002F13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?crop=4000,3000,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F09\u002F06\u002F13802ea2-3cf2-48de-ab42-8e456cc2c4f7.jpeg?width=1024&quality=75&auto=webp","ld.11989","Quelle: Gropyus","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F27\u002Fef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?crop=3840,2160,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F27\u002Fef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?crop=1707,1707,x1086,y402&width=1024&quality=75&auto=webp",2276,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F27\u002Fef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?crop=2276,1707,x765,y453&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F27\u002Fef8b39b8-ee89-41fe-9480-2a4d5e070453.jpeg?width=1024&quality=75&auto=webp","ld.11936","2024-08-19T10:42:45.485Z",906,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F19\u002F7529bd52-4489-4965-bc56-a8805fbf2a1d.png?crop=906,510,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F19\u002F7529bd52-4489-4965-bc56-a8805fbf2a1d.png?crop=510,510,x59,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F19\u002F7529bd52-4489-4965-bc56-a8805fbf2a1d.png?crop=680,510,x90,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F19\u002F7529bd52-4489-4965-bc56-a8805fbf2a1d.png?width=1024&quality=75&auto=webp","ld.11815","Das Flugabwehrsystem IRIS-T SLM, hier eine Darstellung von Hensoldt, enthält Elemente von Hensoldt und ist in der Ukraine im Einsatz.","Die Warnung vor einem Börseneinbruch um 30% im Jahr 2025 ist ernst zu nehmen",28,"Einige Marktbeobachter hatten schon im Juni wegen der hohen Bewertung von Tech-Aktien gewarnt und lagen richtig. Sie erwarten vorerst eine Beruhigung. Doch wegen der drohenden Rezession in den USA sehen sie die Gefahr eines noch stärkeren Rückschlags ab dem Spätherbst. Aus guten Gründen.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F13\u002Fc7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?crop=720,405,x0,y57&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F13\u002Fc7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?crop=518,518,x101,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F13\u002Fc7be238c-b3c0-4599-a0c7-a4a18830900e.jpeg?crop=691,518,x15,y0&width=1024&quality=75&auto=webp","ld.11786","Favoriten der Fondsmanager: Welche deutschen Aktien nun günstig sind",2560,134,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F07\u002F9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?crop=2560,1440,x0,y134&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F07\u002F9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?crop=1707,1707,x440,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F07\u002F9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?crop=2276,1707,x142,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F07\u002F9ce605bf-3642-473f-bb4c-d607d0daeed7.jpeg?width=1024&quality=75&auto=webp","ld.11745","Rechenzentrum von Ionos: Das Cloud-Angebot schürt Wachstumsfantasie.","Deutsche Kaufkandidaten: Attraktive Werte für die Zeit nach dem Kursrutsch","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F05\u002F366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?crop=3840,2160,x128,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F05\u002F366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?crop=2160,2160,x968,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F05\u002F366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?crop=2880,2160,x608,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F05\u002F366c7059-bfd4-40d1-9f47-83a5d469db17.jpeg?width=1024&quality=75&auto=webp","ld.11735","Die Münchener Rück hat seit der Gründung 1880 schon so manchen Börsensturm überstanden (im Bild: der 1913 fertiggestellte Hauptsitz).","Flucht vor dem deutschen Abschwung: Ruf nach dem Arzt und nach «German Resi»","2024-08-02T14:03:16.077Z","Die Anleger stellen ihre Depots auf einen Abschwung ein. Dabei wählen sie die in harten Zeiten sichersten Rückzugsorte: Pharmaunternehmen wie Merck und Fresenius. Und den grössten Wohnungsvermieter der Bundesrepublik.","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F02\u002Fdcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?crop=720,405,x0,y57&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F02\u002Fdcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?crop=518,518,x101,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F08\u002F02\u002Fdcab411e-c971-4bdf-8a1e-2987157272c3.jpeg?crop=691,518,x15,y0&width=1024&quality=75&auto=webp","ld.11711","US-Unternehmen verdoppeln den Umsatz seit 2014, während Europa stagniert","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?crop=2400,1350,x0,y121&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?crop=1800,1800,x357,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F85fa87f4-587b-4132-8c74-13241d6a2da8.jpeg?crop=2400,1800,x0,y0&width=1024&quality=75&auto=webp","ld.11677","«Der Kurs von Novo Nordisk könnte sich binnen vier Jahren nochmals verdoppeln»","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?crop=3900,2194,x0,y1077&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?crop=3900,3900,x0,y848&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F29\u002F09519323-f66f-4774-b42a-2e25eac0ce20.jpeg?crop=3900,2925,x0,y887&width=1024&quality=75&auto=webp","ld.11618","Comgest-Manager Wolfgang Fickus.","Deutsche Unternehmen warnen vor härteren Zeiten","2024-07-26T13:25:20.787Z","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F26\u002Fabb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?crop=720,405,x0,y57&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F26\u002Fabb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?crop=518,518,x101,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F26\u002Fabb6ca3b-b839-4ec0-aa23-eb3290a78de7.jpeg?crop=691,518,x15,y0&width=1024&quality=75&auto=webp","ld.11667","Deutschland ist noch anfälliger für Trumps Zölle als bei seiner ersten Amtszeit","40% des Überschusses in der Leistungsbilanz erzielt das Land mit den USA, fast doppelt soviel wie vor der Pandemie. Donald Trump klagt in einem Interview, die EU sei wie China, Europa wäre wohl sein neues Hauptziel im Handelskrieg. Für deutsche Aktien ist das brandgefährlich.",487,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F18\u002Fc55e9455-474f-46e4-8436-9b0e2670a1a6.png?crop=2224,1251,x0,y487&width=1024&quality=75&auto=webp",1251,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F18\u002Fc55e9455-474f-46e4-8436-9b0e2670a1a6.png?crop=2224,2224,x0,y0&width=1024&quality=75&auto=webp",278,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F18\u002Fc55e9455-474f-46e4-8436-9b0e2670a1a6.png?crop=2224,1668,x0,y278&width=1024&quality=75&auto=webp",1668,"ld.11594","Quelle: Deutsche Bank, Haver Analytics","Warum der Staatsfonds Kenfo beim Chiphersteller Nvidia teils verkauft hat","2024-07-05T10:44:35.580Z",23,"ld.11511","KKR will in fünf Jahren jeden zweiten Dollar bei Privatanlegern einsammeln","2024-07-05T01:47:34.628Z",4200,"ld.11475","«Siemens Healthineers kann auf eigenen Beinen stehen»","2024-07-02T02:05:48.394Z",10,"ld.11389","Quelle: Deutsche Bank Research","Bis Ende Juli stehen Anlegern vermutlich holprige Börsenwochen bevor","2024-06-28T12:19:31.823Z","Aktienrückkäufe fallen bei den meisten US-Unternehmen als Kursstütze aus. Der Grund ist die «Blackout Period». Die lange unangreifbaren US-Chipkonzerne zeigen Schwäche. Und die Präsidentschaftswahlen rücken näher.","ld.11448",11286,"«Renditen von 15 bis 20% sind möglich»","2024-06-24T00:29:06.698Z",48,640,162,449,316,"ld.11286","«Gross returns of 15 to 20% are possible»","2024-06-24T00:29:17.042Z",356,333,"ld.11403","2024-06-21T14:12:51.630Z",88,546,"ld.11398","Bechtle ist eine günstige Wette auf den Boom von Cloud und KI","Trotz der Rückschläge seit 2022 hat der IT-Ausstatter seinen Kurs binnen zehn Jahren knapp vervierfacht. Er bringt Unternehmenskunden in die Daten-Cloud und legt so die Basis für die KI-Nutzung. Beim Wachstum übertrifft er sogar seine Hardwarelieferanten, die Überflieger HP und Dell.",1754,"ld.11340","Ramschladen Deutsche Börse","2024-06-07T18:29:15.001Z","In einer Wutrede hat Börsenchef Theodor Weimer den eigenen Aktienmarkt als Restpostenhandel beschrieben: Investoren kämen nur noch, weil es billig sei. Das gilt aber für viele Börsen, wie das Treffen der Private-Equity-Manager in Berlin gerade gezeigt hat. Und es bietet Chancen.","ld.11307","Goldman Sachs, 29. Mai 2024",2272,"ld.11257","Gewichtung des Sektors Versorger relativ zum Leitindex, in Basispunkten. Blau: Investmentfonds, grün: Hedge Funds.","Lukasz Czeladzinski \u002F Unsplash","Die ifo-Geschäftserwartungen haben sich im Mai verbessert. Und die US-Investmentbank erkennt fünf Faktoren für eine Rückkehr zu früherer Stärke. Wenn das Land diese Chancen nutze, könne es erneut das Comeback schaffen.","ld.11197","Morgendämmerung über Berlin: Der Aufschwung ist bereits im Gange, sagt Europa-Chefvolkswirt Sven Jari Stehn von Goldman Sachs.","Ben Kilb\u002FBloomberg","Die unbemerkte Verwandlung des Versicherers Talanx in einen Wachstumswert",1125,111,"ld.11183","BASF-Werk in Ludwigshafen: Hinter Hannover Rück und Talanx steht der Haftpflichtverband der deutschen Industrie (HDI).","Raja Sen \u002F Unsplash","Haushaltsstreit, Bürokratiestau und Konjunkturflaute deprimieren das Land. Dabei ist die Stimmung schlechter als die Lage. Das zeigen die Quartalsberichte der DAX-Mitglieder: Zwei Drittel von ihnen haben positiv überrascht und die Analystenprognosen übertroffen.",508,"ld.11169","Frankfurter Skyline mit Bankentürmen: Die Finanzbranche steigerte ihre Gewinne im ersten Quartal um 20 Prozent.","ZVG","Deutsche Nebenwerte: wo Deutschland noch wächst","2024-05-02T20:36:51.776Z","ld.11070",2063,"Unternehmenseigentümer und Chef Marc Fielmann treibt die internationale Expansion voran.","«Nur wenige sehen die Belastungen, die wir im ersten Halbjahr noch vor uns haben»","2024-04-09T01:23:29.569Z",55,"Vermögensverwalter Jens Ehrhardt sieht eine gefährliche Sorglosigkeit am Markt. Dass die Unternehmensgewinne 2024 wie von Analysten erwartet um 10% wachsen, hält er für illusorisch. Auch für die kommenden zehn Jahre sei nur eine unterdurchschnittliche Aktienrendite zu erwarten.",6720,"ld.10865","«Das Monetäre ist wirklich immer das, was alle anderen Einflussfaktoren überlagern kann»: Jens Ehrhardt","Encavis: Die Übernahme ist ein Kaufsignal für Windparkentwickler PNE","ld.10856","Verfügt über exzellente Politik-Kontakte bis ins Bundeskanzleramt: Der scheidende PNE-Chef Markus Lesser","2024-03-21T10:31:57.019Z","Die Parfümeriekette Douglas hat durch den Börsengang dringend nötiges Kapital für den Schuldenabbau erhalten. Um das zu erreichen, zogen die Banken und Eigner CVC die Emission trotz schwacher Nachfrage durch. Den Nachteil haben die Käufer der Aktien.",1000,"ld.10838","2024-03-19T01:01:31.204Z","Der Börsenbetreiber Deutsche Börse gehört seit langem zu den stärksten Wertsteigerern am eigenen Handelsplatz. Doch derzeit liegt die Bewertung auf einem Achtjahrestief. Dabei stimmen die Strategie des neuen Chefs Stephan Leithner und auch die Geschäftszahlen.",5253,"ld.10778","Warum Immobilienaktien nicht vom knapperen Wohnungsangebot in Deutschland profitieren","2024-03-18T08:23:42.750Z","ld.10796","Henning Hölder (hoe)",6573,"hoe","2024-03-12T14:14:44.219Z","ld.10762","Deutschlands teure Angst vor der Aktie","Die Aktienrente kommt voran – endlich. Die Argumente der Gegner sind durch die Daten aus mehr als 120 Jahren Börsengeschichte längst widerlegt. Die Politik sollte sich bei dieser wichtigen Neuerung nicht von antikapitalistischer Ideologie bremsen lassen.","ld.10737","Wertsteigerung des schwedischen Pensionsfonds AP7, in Prozent, im Vergleich zum Durchschnitt privater Fonds.",{},"\u002Finformation",{},"CH","MKT",100,{},"Mark Böschen,Impressum,Information, Finanznachrichten, The Market","2025-02-17T16:47:08+02:00","2024-03-27T13:01:27+02:00",{},"redaktion@themarket.ch","2025 The Market Media AG, Schweiz","index, follow, noarchive, noodp, max-snippet:-1, max-image-preview:large, max-video-preview:-1",{},Array(0),"en","Mon, 17 Feb 2025 20:39:36 GMT",{},"doc-1cujumg810","doc-1cujumg830","subscription","doc-1cujumohi0","doc-1dkgfp6c00","Abonnemente","doc-1e9b0hpst0","Probeabo abgelaufen","showForTrialExpired mobnavOnly","doc-1cv5t47ce0","showForTrial mobnavOnly","doc-1d5mqh1t80","Newsletter","https:\u002F\u002Fabo.themarket.ch\u002Fnewsletter\u002F","doc-1d0n745un0","doc-1e4qr0dfc0","Neueste 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