Globale Aktien

Quitting is often misunderstood as weakness. But in investing, selling is the overlooked half of decision-making, hindered by biases like sunk cost fallacy or FOMO. In our view, knowing when to walk away is essential for preserving capital and seizing better opportunities.

In our latest Quality Conversations videos, discover how quality companies—those with strong franchises, pricing power, and unlevered balance sheets—can thrive in uncertain markets. By navigating inflation, shifting economic cycles, and interest rate volatility, these "masters of their own destiny" appear to offer resilience and long-term growth potential.

The AI boom has increased demand for data centers, but US electric utilities lack the capacity to power them. This has led to a rise in self-generation solutions, benefiting companies like Schneider Electric and National Grid. The issue was a key theme at the recent Data Center Dynamics trade show.

Die Unsicherheit und Volatilität des aktuellen Marktumfelds unterstreichen die Stärken unserer disziplinierten Quality Growth-Philosophie, die sich auf bewährte Unternehmen mit inhärenter Widerstandsfähigkeit und langfristiger Wertschöpfung fokussiert. Nach zwei Jahren mit begrenztem Rückenwind sind ausgewählte Qualitätsunternehmen aufgrund ihrer defensiven Wachstumseigenschaften attraktiv bewertet.

As the exuberance we’ve seen over the past few years fades, our Quality Growth team looks to find resilience in industries that are shielded from the effects of tariffs and the volatility around AI.

Investigative Analyst Zhen Li nahm vor Kurzem an der zweiten Global Developer Conference in Shanghai teil. Zhens Vor-Ort-Recherche wirft einige Bedenken hinsichtlich der Tragfähigkeit und Nachhaltigkeit des Modells von DeepSeek auf, da die chinesische KI-Branche hart umkämpft und die Monetarisierung von KI-Modellen noch nicht geklärt ist.

Factor investing has long explained market behavior, but its flaws—timing dependencies, rigid linearity, and backward-looking assumptions—limit predictive power. Can AI overcome these? This Expl(AI)ning episode dissects factor evolution, their pitfalls, and how machine learning enables dynamic models. Dive into quantitative investing’s future.

Is the tech market’s bull run, much like a steamroller, starting to reverse course? Efficiency gains recently announced by DeepSeek have raised questionsabout the commoditization of LLMs and the potential overinvestment in data centers, shifts that could significantly impact the industry and investors.

2025 is poised to be another positive yet complex year for equities. Balancing core positions in industries driven by secular trends – like semiconductors, AI hyperscalers, and the energy transition – with opportunistic exposures that can benefit from cyclical or policy-induced rebounds can help navigate the challenges ahead.

The mining industry is entering a green supercycle, driven by demand for metals and minerals needed for decarbonization. Despite increased competition and deeper mining, technological advancements are boosting productivity and reducing emissions. This presents compelling long-term investment opportunities in this evolving industry.

Die Kräfte, die heute die Märkte antreiben, machen es Anlegern besonders schwer, die richtige Balance zu finden. Wie können Anleger das schnell wachsende Potenzial von KI nutzen, ohne allzu hohe Risiken einzugehen? Erfahren Sie, wie unser Quality Growth Team Risiken steuert und zugleich ein ausgewogenes Gleichgewicht aufrechterhält.

Wie steuern Sie die Auswirkungen der Marktvolatilität, die sich aus den Wahlergebnissen ergibt? Matthew Benkendorf, CIO unserer Quality Growth Boutique, zeigt Wege auf, um in den aktuellen Turbulenzen Stabilität zu finden.