Erste Asset Management Investment Blog
Updates Investment Division
Updates Investment Division
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Updates Investment Division

Focus - on Coronavirus

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“Mr. Market” two positive days in a row – Update from the Investment Division
“Mr. Market” two positive days in a row – Update from the Investment Division
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“Mr. Market” two positive days in a row – Update from the Investment Division

What has occurred since yesterday ? Two positive days in a row on the American stock markets. Something we saw the last time on 11. + 12.2020. Mr. Market was in a good mood over the last two days. After the US-American equity index S&P500 gained almost 9% on Tuesday it increased also yesterday by […]

Bull movement – Update from the Investment Division
Bull movement – Update from the Investment Division
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Bull movement – Update from the Investment Division

What has occurred since yesterday ? Bull movement. Prices of risky asset classes, e.g. equity increased. Of course the question remains if it is just a short, technical upward spurt or a stable base. The reason for the better mood in the market is the agreement in the USA on a USD 2000 billion stimulus […]

Father of value investing – Update from the Investment Division
Father of value investing – Update from the Investment Division
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Father of value investing – Update from the Investment Division

What has occurred since yesterday ? Benjamin Graham focused on fundamental equity analysis and became widely known as the “father of value investing”.  Equity should only be purchased at a discount to its fundamental value. In his book “The Intelligent Investor” Graham creates a character called Mr. Market, a fellow who turns up every day […]

The ordinary becomes special – Update from the Investment Division
The ordinary becomes special – Update from the Investment Division
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The ordinary becomes special – Update from the Investment Division

What has occurred since yesterday ? Sometimes the ordinary becomes something special. To prove the validity of this heuristic, we will use the database of our Bloomberg terminal once again. On the 24,060 trading days of the leading US index S&P500 since 1928, the average daily change has been +0.02%. In contrast, for almost a […]

Historic decline in US equity markets – Update from the Investment Division
Historic decline in US equity markets – Update from the Investment Division
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Historic decline in US equity markets – Update from the Investment Division

What has occurred since yesterday (17.3.2020)? Yesterday´s update started with the advantages of the Bloomberg terminals and also today we used the huge data base. Yesterday we reported on the ten days where the American equity index S&P500 had its largest losses on the same day. These ten days occurred in six different years: 1929, […]

Living in volatile times – Coronavirus
Living in volatile times – Coronavirus
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Living in volatile times – Coronavirus

The update of our Investment Division What has occurred since yesterday  In his address to the National Union of South African Students in Capetown 1966 in regards to the US-American civil rights movement Robert F. Kennedy said the following: „There is a Chinese curse that says: “May he live in interesting times” If we want […]