Cancellation: hidden winners or only short -term hope wearers? (Photo: FreePik, Bedneyimages)
Germany has chosen: The Union is the strongest force, Friedrich Merz will probably be Chancellor. The SPD experienced a historical low, while the AfD and the left surprisingly section. For investors, the question now arises as to which funds could benefit and whether the market reacts sustainably.
Merz and the markets: The DAX cheers – but how sustainable is that?
After the CDU/CSU’s election victory, the DAX increased by 0.5 percent to 22,400 points on Monday morning, the MDAX even 1.4 percent. “The chances of stability and reforms are good,” says Ulrich Kater, Chief economist of the Dekabank. But euphoria alone is not a guarantee of sustainable growth.
Business forecast: Reality check for growth
Kater warns of exaggerated expectations: 2025 and 2026 he only expects growth of 0.4 and 0.9 percent. The EU is likely to grow faster at 1.4 to 1.5 percent. The DAX has already increased 12 percent since the beginning of the year, around 30 percent at the annual point of view – more than in two average IPO years. The potential of German stocks still has to prove itself.
Cancellations: real winners or only short -term hope wearers?
Experts see the best chances Small and Mid caps. “In 2025, European industry could go through the valley sole. Middle of secondary values should benefit disproportionately, ”says Marcus Poppe from the DWS. The Course-profit ratio In the MDAX, only 15-significantly cheaper than with DAX heavyweights such as SAP or Rheinmetall. But not every minor value is automatically a winner.
Four strong Germany portfolios in Schnellcheck:
Conclusion: departure or straw fire?
The political change could get Germany’s minor values from the sleeping beauty – if reforms unleash the economy and industry. While the DAX has already priced in a lot of hope, small and mid caps still offer catch -up potential.
The funds presented set different focal points: disruptive growth values (Loys), tactical all-rounders (DWS) and value stars (FPM). If you want to diversify more broadly, the Vanguard Germany All Cap Ucits ETF will find an inexpensive alternative.
Disclaimer:
No investment advice. No call to buy or sell securities.