{"id":44012,"date":"2017-12-01T03:03:41","date_gmt":"2017-12-01T01:03:41","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/editorial-2012\/"},"modified":"2017-12-01T03:03:41","modified_gmt":"2017-12-01T01:03:41","slug":"greeting-word-2012","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/greeting-word-2012\/","title":{"rendered":"Editorial 2012"},"content":{"rendered":"

Jeremy P. Golding<\/strong> \u2014 Foun\u00adder and Mana\u00adging Direc\u00adtor of Golding Capi\u00adtal Part\u00adners GmbH, a leading invest\u00adment manage\u00adment firm focu\u00adsed on private equity<\/p>\n","protected":false},"excerpt":{"rendered":"

The return of the finan\u00adcial and debt crisis in the summer of 2011 hit many inves\u00adtors unex\u00adpec\u00adtedly. Vola\u00adtile markets, dete\u00adrio\u00adra\u00adting econo\u00admic fore\u00adcasts and a gene\u00adral loss of confi\u00addence led to uncer\u00adtainty and a flight into suppo\u00adsedly safe invest\u00adments. The debt discus\u00adsion in the euro area and the loss of the AAA rating for U.S. govern\u00adment bonds are raising doubts about the concept of risk-free inte\u00adrest rates. Payment promi\u00adses that were conside\u00adred safe only a short time ago are being called into ques\u00adtion, and some of the remai\u00adning safe havens are alre\u00adady show\u00ading nega\u00adtive real returns.<\/p>\n

The diffi\u00adcul\u00adties on the stock market are also unmist\u00adaka\u00adble. For more than ten years, the Dax has been moving side\u00adways with strong fluc\u00adtua\u00adtions. The massive slump in August 2011 alone wiped out two years\u2019 worth of price gains within two weeks. Focu\u00adsing on conser\u00adva\u00adtive stocks such as large utili\u00adties and other divi\u00addend stocks has offe\u00adred inves\u00adtors as little protec\u00adtion from increased vola\u00adti\u00adlity as inter\u00adna\u00adtio\u00adnal diversification.<\/p>\n

Insti\u00adtu\u00adtio\u00adnal inves\u00adtors are forced to gene\u00adrate their return targets even during the crisis. But even a low actua\u00adrial inte\u00adrest rate of 3\u20134 percent is no longer achie\u00adva\u00adble with a safety-orien\u00adted bond port\u00adfo\u00adlio. Equity invest\u00adments to enhance returns expose the port\u00adfo\u00adlio to rapidly chan\u00adging market senti\u00adments. Inves\u00adtors who want to achieve their return targets sustain\u00adably and at a reasonable level of risk can ther\u00ade\u00adfore no longer rely on conven\u00adtio\u00adnal secu\u00adri\u00adties stra\u00adte\u00adgies. They need invest\u00adments that can offset fluc\u00adtua\u00adtions in the stock market, provide some infla\u00adtion protec\u00adtion, and have a proven track record of stable returns over seve\u00adral econo\u00admic cycles.<\/p>\n","protected":false},"featured_media":40978,"comment_status":"open","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2468,2472,2509],"product_tag":[1765,1772,1776,1781,1785],"class_list":{"0":"post-44012","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-free-of-charge-en","8":"product_cat-jeremy-p-golding-en","9":"product_cat-fyb-2012-2","10":"product_tag-jeremy-p-golding-en","11":"product_tag-editorial-en","12":"product_tag-yield-specifications","13":"product_tag-securities-strategies","14":"product_tag-market-sentiments","15":"pa_sprache-english-3","16":"pa_sprache-german","18":"first","19":"instock","20":"taxable","21":"shipping-taxable","22":"purchasable","23":"product-type-variable"},"yoast_head":"\nEditorial 2012 - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/greeting-word-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Editorial 2012 - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"The return of the financial and debt crisis in the summer of 2011 hit many investors unexpectedly. 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