High-Conviction Global Thematic

Focusing on capturing long-term structural opportunities

The investment objective aims to generate a long-term, above average return. Therefore, in principle global direct and indirect investments in securities of listed companies are made. Shares as well as bonus and participation certificates are especially considered as securities. Indirect investments are particularly done via funds and ETFs. Investments will be made in the USA, Asia and Europe. At the same time, investments in other selected markets can be carried out.

Identifying Megatrends

Global and Regional Analysis

We start by keeping a close eye on long-term shifts in society, technology, demographics, economics, and the environment. We use a combination of macroeconomic data, societal indicators, and forward-looking models to identify emerging themes.

Research and Thought Leadership

We continuously review research reports, academic papers, and insights from leading think tanks. Conferences, white papers, and discussions with subject matter experts in various industries also help shape our view.

Data-Driven Approach

We also rely on data analytics, looking at historical patterns and forecasts in sectors such as renewable energy, artificial intelligence, health & wellness, and climate change, among others.

Defining and Prioritizing Megatrends

Long-Term Sustainability

A key element in how we prioritize megatrends is their long-term sustainability. We focus on trends that will evolve over decades rather than those with short-lived hype.

Market Readiness

We evaluate the readiness of various markets to adapt to and adopt these megatrends. Some trends may be nascent, while others may already be in the scaling phase.

Emerging Technologies

Technological advancements often act as a catalyst for megatrends. For example, advancements in AI, quantum computing, or biotechnology can rapidly accelerate certain megatrends and create new opportunities.

Selecting Companies within a Megatrend

Innovation and Leadership

When selecting companies within a particular megatrend, we prioritize innovation. We look for companies that are at the forefront of the trend.

Financial Health and Growth Potential

Companies must not only align with the megatrend but also demonstrate strong financial health and growth potential. We perform rigorous fundamental analysis.

Market Share and Competitive Advantage

We focus on companies that have a competitive advantage in their respective markets-whether through intellectual property, brand recognition, or operational efficiency.

Regular Reassessment

Ongoing Monitoring

We continuously monitor the megatrends and the companies we invest in, adjusting our strategy as the trends evolve and new information comes to light.

Emerging Opportunities

As new trends surface, we remain open to exploring opportunities outside our current scope, allowing us to adapt and grow alongside new opportunities.

Investment Process

Global macroeconomic trends, selecting geographic regions and sectors/subsectors forecasted to outperform
11
Generate ideas and identify long-term global growth and sustainable investment opportunities
22
Collect transparent information and perform due diligence and research analysis
33
Evaluate and select investments on technical and fundamental methodology/stress testing
44
Assess portfolio diversification, weighting, risk tolerance/aversion, performance objectives and regulatory compliance
55
Ensure and analyze best execution of transaction, trading liquidity/efficiency/reliability and execution/settlement
66
Continuous monitoring, rebalancing, and reviewing of investments and portfolio risks
77
Disciplined buying/selling policy according to investment committee/management guidelines and constraints
88