FRANKFURT (DEUTSCHE-BOERSE AG) – The DAX rally continues and mainly on the account of foreign investors.
February 19, 2025 FRANKFURT (Goldberg & Goldberg). The fact that the DAX has been able to strengthen impressively once again since our last sentiment survey – we are talking about an increase of 3.6 percent in point comparison – is probably primarily due to capital inflows from abroad. This is because our assumption is supported by the latest Bank of America survey of international fund managers, according to which not only did the cash ratio of 3.5% among the players surveyed fall to its lowest level in 15 years as a sign of great risk appetite. In the February survey published yesterday, a net 12% stated that they were overweight in eurozone equities. While this is not a strikingly high figure per se, the change in exposure – in December, a net 25% of fund managers still stated that they were underweight there – speaks…
