Opportunities after the market correction are moving back into focus for investors. Following a period of significant declines, global equity markets have recently recovered strongly in some areas. At the same time, we believe particularly interesting entry opportunities are emerging in future-oriented sectors such as Artificial Intelligence, Space Technology and Quantum Computing, which were among the areas most affected by the correction.
Over the past few weeks, financial markets – and consequently our portfolios – came under considerable pressure. In line with our disciplined risk management approach and based on the signals generated by our momentum system, we significantly reduced portfolio exposure during this period of weakness.
More recently, the market environment has improved. Several equity markets have recovered noticeably, while the S&P 500 has already returned to the vicinity of its previous highs.
Momentum Rather Than Market Timing
Our momentum system is not designed to identify the exact bottom of a market correction. Reliably timing market lows is extremely difficult.
Instead, our objective is to identify opportunities after the market correction once more sustainable positive momentum begins to emerge. As the corresponding signals improve, we gradually increase the investment levels of our portfolios.
This also means that our portfolios may remain comparatively defensive during the early stages of a rapid market recovery. Once market strength becomes more firmly established, however, capital can be redeployed selectively into particularly attractive market segments.
Opportunities After the Market Correction in Future Technologies
We currently see particularly attractive opportunities after the market correction in innovation segments that experienced disproportionately large declines and are now beginning to rebuild positive momentum.
These include:
- Artificial Intelligence
- Space Technology
- Quantum Computing
- Semiconductors
- Cloud Computing
- Cybersecurity
- Data Science
Strong corrections in these areas can create interesting long-term entry opportunities.
One example is the VanEck Space Innovators ETF. Since the end of May 2026, the ETF had at one point declined by approximately 40%. A return to its previous interim high would therefore represent substantial upside potential from the corrected level.
These are precisely the types of situations we look for: innovative companies and industries with long-term structural growth potential whose valuations and share prices have become more attractive following a significant correction.
NextGenTec Portfolio: Investment Level Around 80%
Based on improving momentum signals, we have significantly increased the investment level of the NextGenTec Portfolio over the past few days.
The portfolio is currently approximately 80% invested.
The largest positions currently include:
| Company | Weight |
|---|---|
| SentinelOne | 2.3% |
| Lemonade | 2.2% |
| Cloudflare | 2.2% |
| NVIDIA | 2.1% |
| Jentech Precision | 2.1% |
| D-Wave | 2.1% |
| AST SpaceMobile | 2.0% |
| Rigetti | 2.0% |
| Liquidia | 2.0% |
| MongoDB | 2.0% |
The remaining liquidity of approximately 20% gives us the flexibility to selectively increase positions should markets experience renewed setbacks.
We remain particularly interested in Semiconductors, Artificial Intelligence, Space Technology, Quantum Technology and Data Science.
In our view, these themes represent an important part of the next global wave of innovation.
Innovation Portfolio: More Offensive Positioning at 90%
The Innovation Portfolio has also been positioned more offensively, with the current investment level standing at approximately 90%.
The portfolio follows a Core-Satellite approach.
Core Holdings
The strategic foundation consists of globally diversified technology investments managed by established asset managers:
- T. Rowe Price Global Technology
- Columbia Threadneedle Global Technology
- Franklin Templeton Global Technology
- BGF / BlackRock Global Technology
Thematic Satellites
The Core Holdings are complemented by targeted investments in high-growth future themes:
- VanEck Space Innovators
- VanEck Quantum Computing
- First Trust Cybersecurity
- WisdomTree Cloud Computing
- iShares Medical Devices
This structure combines broad global technology exposure with targeted investments in market segments where we see above-average long-term growth potential.
Following the recent increase in the investment level, the portfolio is once again positioned more offensively to participate in a continuation of the technology-driven recovery.
The positioning of the Hydrogen Portfolio has also been adjusted in response to our market signals.
The current investment level is approximately 82%.
The largest positions are:
| Company | Weight |
| Bloom Energy | 9.7% |
| JFE Holdings | 4.4% |
| SSE | 4.2% |
| Ballard Power | 4.0% |
| Atlas Copco | 4.0% |
| ENEOS | 4.0% |
| Burckhardt Compression | 4.0% |
| Galp Energia | 4.0% |
| FuelCell Energy | 3.2% |
| Linde | 2.9% |
The portfolio therefore retains sufficient flexibility to participate in a further recovery across the hydrogen, energy and industrial sectors.
Green Tech ESG Equity Fund: Regulatory Considerations
The Green Tech ESG Equity Fund has a different starting point.
The fund is classified as an SFDR Article 9 product and is therefore subject to regulatory investment requirements.
During the recent correction, the equity exposure could consequently not be reduced to the same extent as in strategies without these regulatory constraints.
The fund’s largest positions currently include:
| Company | Weight |
| Iberdrola | 4.8% |
| Trane Technologies | 4.6% |
| Linde | 4.6% |
| ABB | 4.3% |
| Alfa Laval | 4.1% |
| Advantest | 4.0% |
| EDP | 4.0% |
| Daifuku | 4.0% |
| GE Vernova | 4.0% |
| Ebara | 4.0% |
The portfolio remains broadly diversified across areas such as the energy transition, electrification, energy efficiency and industrial transformation.
Market Corrections Create New Opportunities
Corrections are a normal part of financial markets. While they can be uncomfortable for investors in the short term, they can also create new investment opportunities.
From our perspective, the key is to manage risk consistently during negative market phases while remaining prepared to increase exposure again once the market environment improves.
We currently see particularly interesting opportunities in technology-driven future themes.
Artificial Intelligence, Semiconductors, Space Technology, Quantum Computing, Cybersecurity and Data Science remain embedded in long-term structural growth trends. The recent correction has significantly reduced valuations and share prices in several of these areas.
If positive momentum continues, we intend to make selective use of this improved starting point.
Conclusion: Using Opportunities After the Market Correction
We intend to selectively capture the opportunities after the market correction while maintaining sufficient flexibility for potential renewed setbacks. Accordingly, we have increased the investment levels across several portfolios while deliberately retaining a portion of liquidity.
Our focus remains on structural growth themes such as Artificial Intelligence, Space Technology, Quantum Computing, Semiconductors and Data Science. At the same time, disciplined risk management and the signals generated by our momentum system remain central to our investment approach.