The Innovation Portfolio should be viewed in the context that technological innovation is no longer a short-term cycle, but rather the structural growth engine of the global economy. Artificial intelligence, semiconductor technology, automation, digital security, and sustainable energy solutions are transforming value chains across industries at an accelerating pace.
These developments do not occur in isolation; instead, they reinforce one another. Data is becoming the central production factor, software and hardware are increasingly converging, and technological scalability is playing a decisive role in competitiveness and market leadership.
Strategy Update: Investment Level Remains at 100%
Following the market correction in November, the market environment has stabilized. Recent movements were less a reflection of fundamental weaknesses and more the result of short-term uncertainties. Momentum has since picked up again, supported by solid corporate earnings in the technology sector and a renewed acceleration of key innovation trends.
Against this backdrop, no changes have been made to the Innovation Portfolio. The existing allocation remains unchanged, and the investment level continues to stand at 100%. The portfolio is therefore optimally positioned to participate in the ongoing market recovery as well as long-term structural growth trends.
The Core/Satellite Approach
The Innovation Portfolio follows a clearly structured core/satellite approach that combines stability with targeted growth impulses.
Core Holdings – Stability and Global Market Participation
The foundation of the portfolio consists of four established global technology funds:
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T. Rowe Price – Global Technology
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Columbia Threadneedle – Global Technology
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Franklin Templeton – Global Technology
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BlackRock (BGF) – Global Technology
These core holdings provide broad diversification, reduce concentration risks, and enable continuous participation in the value creation of the world’s leading technology companies.
Satellites – Targeted Growth Drivers
The core is complemented by six thematic satellite positions that specifically capture key structural future trends:
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AI – WisdomTree
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Semiconductors – VanEck
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Digital Transformation – VanEck
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Digital Security – iShares
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Battery Value Chain – L&G
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Clean Energy – iShares
These positions provide focused exposure to areas that are particularly well positioned to benefit from technological breakthroughs, rising data intensity, and long-term investment programs.
Further insights into related strategies:
Attractive Opportunities for Long-Term Investors
The recent market correction has made valuations in many innovation-driven segments more attractive again—without weakening the underlying structural growth drivers. Technological progress, rising investments in AI and data infrastructure, and increasing automation remain key drivers of global economic development.
For investors with a medium- to long-term investment horizon, this environment offers a balanced combination of quality, diversification, and structural growth.
Conclusion
The Innovation Portfolio represents a disciplined, long-term investment approach. It combines the stability of global technology leaders with the dynamism of targeted future-oriented themes and remains consistently focused on sustainable value creation.
Our objective is to make technological innovation transparent, efficient, and investable—independent of short-term market movements.
Further Reading
1. World Economic Forum – Technology & Work
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World Economic Forum Future of Jobs Report (2025):
📄 https://reports.weforum.org/docs/WEF_Future_of_Jobs_Report_2025.pdf reports.weforum.org
2. McKinsey Global Institute – Generative AI Economic Potential
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The Economic Potential of Generative AI:
📄 https://www.mckinsey.com/capabilities/tech-and-ai/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier McKinsey & Company
(Full PDF also available at this link) McKinsey & Company
3. Stanford AI Index Report (Artificial Intelligence Trends)
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2025 AI Index Report by Stanford HAI:
📄 https://hai.stanford.edu/ai-index/2025-ai-index-report hai.stanford.edu
4. Semiconductor Industry Association – State of the Industry
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2025 SIA State of the U.S. Semiconductor Industry Report:
📄 https://www.semiconductors.org/wp-content/uploads/2025/07/SIA-State-of-the-Industry-Report-2025.pdf Semiconductor Industry Association