The Best ETFs to Play the German Elections

By: ETFdb
Europe’s largest economy heads to the polls next week to elect a new chancellor and hundreds of MPs amidst a backdrop of geopolitical unrest. Germany is in the crosshairs of a major migrant crisis, a never-ending Greek debt saga and Brexit. For Germany’s Eurosceptic voices, each of these issues is impacting Germany disproportionately. If public opinion polls hold, Christian Democrat leader Angela Merkel is headed for her fourth term as German chancellor. Amid the sea of chaos, Merkel is positioning herself as the candidate of stability. However, her party must fend off growing support for the four-year-old Alternative for Germany (AfD) party, which suddenly moved into third place and double digits in the most recent polls. To date, European countries have fended off the rise of ultra-nationalist parties. Geert Wilders was swiftly defeated in the Dutch election in March. Marine Le Pen made huge gains en route to the second-round runoff vote in the French election, but was swiftly defeated by Emmanuel Macron, the so-called centrist who is widely expected to maintain the status quo. For investors, a victory for Merkel in the German election is the preferred outcome, as her presence ensures the continued legitimacy of the European Union and Eurozone. Although very few are expecting her to lose, Merkel’s popularity has declined in the wake of a major migrant crisis. As a result, polls are showing that she will need to form a coalition government to preserve power. AfD will use this opportunity to attack the status quo and the prevailing narrative of multiculturalism-at-all-cost. Germany’s election is scheduled for September 24. Investors breathed a collective sigh of relief following the second round of France’s presidential election. To learn about the impact of France’s election on the financial markets, click here .
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