Raiffeisen-MegaTrends-ESG-Aktien (R)

Fund Management Report

November was initially very positive for the equity markets, but market participants became more cautious again as the resurgence in coronavirus infections gained momentum. Within the fund, Meituan, Delivery Hero, and Just Eat were sold, while Novavax, Moderna, and Meyer Burger were purchased. Worries about rising inflation and resulting increases in interest rates as well as an end of the central bank purchase programmes will likely continue to weigh on the market in the coming weeks. But as long as the central banks assuage the fears and put interest rate hikes on the back burner, conditions for shares will remain positive. (23.11.2021)