With the rising share prices, the mood in the investment business at banks and savings banks has also recovered significantly. The majority of consultants now rate the current sales situation positively again after a sharp slump in April. More than 80 percent of investment advisors cite a second wave of infections as the greatest risk to the ongoing recovery. This concern is also shared by the issuers - Corona remains the greatest danger for them for the time being.
The strong recovery in share prices is also causing considerable relaxation on the certificate market. The index for assessing the current sales situation has risen for the second time in a row and with 54.6 points is now clearly in positive territory again. This was preceded by an unprecedented crash in April to 31.5 points at the beginning of the corona spread in Europe.
Issuers a little more subdued than advisors
The issuers are a little more cautious. For them, the index fell slightly again and also fell below the 50-point mark, which marks the turning point between mostly positive and mostly negative ratings. The advisors in particular remain confident for the coming months and expect the mood to continue to brighten.
New wave of infections could damage the business sustainably
The greatest risk to this hoped-for continuation of the upswing is a renewed flare-up in the number of infections. More than 80 percent of investment advisors in banks and savings banks and also 75 percent of issuers cite a second wave of corona as the greatest danger for the investment business in a current survey by the specialist magazine "Der Zertifikateberater". This is followed by the ongoing trade dispute between the USA and China, as well as the severe strains on the global economy caused by the pandemic.
Other risk areas move to the second row
On the other hand, other risk areas that have often been mentioned in recent years have moved into the background. The permanent low interest rate or a possible flare-up of the euro crisis currently only concerns 20 percent of investment advisers. A notable shift can also be seen in key investment trends in advice. Here, “sustainability” is increasingly establishing itself as a fixed instance of the most important trends. Almost 57 percent of the consultants currently sense customer interest here - only gold is mentioned more often.