DWS’s Gebhardt Tells Handelsblatt That Stocks Are Cheap

Henning Gebhardt, a fund manager for DWS Investment GmbH, told Handelsblatt in an interview that equity valuations are cheap even when factoring in lower profits in the future as investors are too pessimistic.

A big crash is not conceivable at the moment as politicians and central banks move in the right direction, he said in the interview. Bank shares are a difficult topic as the industry is facing headwinds from regulators, the newspaper wrote.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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