im August machten die FANG+-Aktien (u. a. Tesla und NVIDIA) einen massiven Sprung von 20%. Die Polarisierung der US-Aktienmärkte vollzieht sich bereits seit zehn Jahren, wobei Wachstumstitel die Substanzwerte übertreffen. Doch dieser Trend beschleunigte sich im Jahr 2020. Bemerkenswert ist, dass die Hälfte des Wertzuwachs der vergangenen zehn Jahre in 2020 verzeichnet wurde. Man kann diesen Polarisierungstrend auch betrachten, indem man die Top-5-Performancebeiträge im S&P500 seit Jahresbeginn berechnet und sie mit dem durchschnittlichen Beitrag der vergangenen 10 Jahre vergleicht. Die Performancelücke beträgt etwa 4 Prozentpunkte und ist noch größer als 2019. Hierauf verweist Alexander Roose, CIO für das fundamentale Aktienmanagement cwb FCQS.
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