From strategist to strategist: share buybacks under the microscope

20 January 2020

In a podcast of the series "Strategist & Strategist" (1), which is well worth listening to, colleagues from Flossbach von Storch (FvS) analyse the effects of share buybacks by companies on share prices. The starting point for their reflections was the assertion of many market participants that share prices can be manipulated by buybacks and that these can also be used fraudulently. We also have our thoughts on this topic! We have already presented them many times in our annual outlooks and will supplement them here once again in greater depth.

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Waiting for death

08 August 2019

In the German language, the word "Rente" not only stands for the pension benefits of pensioners, but is also another term for fixed-income securities (bonds). These were or are securities that offer the owner an annual, usually fixed rate of interest - like a pension. This is no longer the case at present. The deep slide of certain segments of the bond market into negative interest rates, for example german federal bonds, has massive consequences, which will be pointed out and discussed here.

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