Fonds: "Record highs are tempting investors to sell"

Investors are currently placing greater emphasis on liquidity and selective investments. Money market funds, in particular, are at the top of their shopping lists, while global equity funds are being sold off more frequently. The situation regarding real estate funds has calmed down somewhat.

June 3, 2026. FRANKFURT (Deutsche Börse). Profit-taking currently dominates fund trading on the Deutsche Börse. “The selling side definitely prevails,” explains Anja Deisenroth-Boström of Baader Bank. This is particularly true for international equity funds, some of which are seeing increased trading volumes. She sees significant selling in the Morgan Stanley Global Opportunity (LU0552385295), the DWS NORIS-FONDS (DE0008492356), and the Quantex Global Value (LI0274481113). At the top of the shopping list is the CoIQ Collective Intelligence (DE000A3C91C5). The fund relies on collective intelligence, as its portfolio composition is based on the investment decisions of the top 300 participants in an online stock market simulation. Since its launch in February 2022, the fund’s price has risen by around 140 percent despite a weak start (-22 percent in 2022).

Outflows Also in European Equity Funds

German and European equity funds are also seeing mostly outflows. With major indices near their all-time highs, trading volumes are high on average, according to the trader. She notes significant outflows from the Lupus alpha Smaller German Champs (LU0129233093) and the DWS Aktien Strategie Deutschland (DE0009769869). The MainFirst Top European Ideas (LU0308864023), which is trading at a record high, remains in strong demand, however. Here, the fund managers use a fundamental bottom-up approach for stock selection.

Deisenroth-Boström sees no clear trends for equity funds holding stocks from Asia, Hong Kong, or China. “Purchases and sales are roughly balanced at average trading volumes.” While the Templeton China (LU0052750758) is currently quite popular, the JPMorgan Greater China (LU0117841782) and the DWS Top Asia (DE0009769760), which is at an all-time high, are predominantly being sold.