German Stocks Attract Investor Interest After April Slump
2015-05-10 23:03:16.92 GMT
By Roxana Zega and John Simpson
(Bloomberg) -- German stocks, rejected by investors in
April, are luring them back this month as buyers added most in a
year -- more than EU570m -- to the biggest exchange-traded fund
tracking the equities last week.
* Benchmark DAX Index had its biggest jump in 2 mos. on
Friday, options data show traders betting on further gains
* Most-owned contract is calling for a 2.5% advance by June
* While DAX’s biggest monthly loss since July has seen
valuations sinking to lowest level this yr relative to
Europe’s equities, decline is opportunity to invest in
German cos., according to Didier Duret of ABN Amro Bank
* Economists have increased nation’s growth forecast each mo.
this year, raising appeal of its shares
* “Valuations were discounted by the correction, so it is a
good thing,” said Duret. “Germany remains the engine of
growth in Europe. If you act on fundamentals, you should
buy”
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To contact the reporter on this story:
John Simpson in Toronto at +1-416-203-5726 or
jsimpson12@bloomberg.net
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2015-05-10 23:03:16.92 GMT
By Roxana Zega and John Simpson
(Bloomberg) -- German stocks, rejected by investors in
April, are luring them back this month as buyers added most in a
year -- more than EU570m -- to the biggest exchange-traded fund
tracking the equities last week.
* Benchmark DAX Index had its biggest jump in 2 mos. on
Friday, options data show traders betting on further gains
* Most-owned contract is calling for a 2.5% advance by June
* While DAX’s biggest monthly loss since July has seen
valuations sinking to lowest level this yr relative to
Europe’s equities, decline is opportunity to invest in
German cos., according to Didier Duret of ABN Amro Bank
* Economists have increased nation’s growth forecast each mo.
this year, raising appeal of its shares
* “Valuations were discounted by the correction, so it is a
good thing,” said Duret. “Germany remains the engine of
growth in Europe. If you act on fundamentals, you should
buy”
Link to Story: NSN NO5CBB6KLVR4<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
John Simpson in Toronto at +1-416-203-5726 or
jsimpson12@bloomberg.net
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net