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With a performance of more than 30% year-to-date, the Innovation Portfolio is—after the Hydrogen and Quantum portfolios—one of our most successful strategies. Its development reflects:

  • sustained strong earnings growth in the technology sector

  • increasing importance of artificial intelligence

  • ongoing digitalization of global business models

  • rising automation in production, industry, and services

The portfolio remains 100% invested to consistently participate in these structural drivers.

The foundation of the Innovation Portfolio is formed by four globally oriented technology funds. They are broadly diversified and invest in leading technology companies worldwide. These core positions provide stability, reduce concentration risks, and secure solid long-term market participation.

  • Global Technology – T. Rowe Price
    Quality-oriented approach with a focus on software, semiconductors, and internet platforms.

  • Global Technology – Columbia Threadneedle
    Active management with a strong focus on cloud, AI, and cyber security.

  • Global Technology – Franklin Templeton
    Broadly diversified, long-term oriented, globally invested.

  • BGF (BlackRock) – Global Technology Fund
    Broad allocation across large- and mid-caps with sustainable earnings dynamics.

These four building blocks provide a stable foundation and robust base returns.

To participate in structural innovation trends in a more targeted way, the portfolio is complemented by six thematic satellite positions. They address specific future-oriented segments across the value chain of modern technologies.

  • Artificial Intelligence – WisdomTree
    Exposure to companies in machine learning, data analytics, and automation.

  • Battery Value Chain – Legal & General
    Focus on energy storage, e-mobility, and sustainable supply chains.

  • Clean Energy – iShares
    Renewable energy, green infrastructure, decarbonization.

  • Digital Security – iShares
    Cyber security as the foundation for connected systems and cloud architectures.

  • Digital Transformation – VanEck
    Digitalization of business processes, cloud platforms, industrial software.

  • Semiconductors – VanEck
    Broad participation in leading global semiconductor manufacturers—the heart of modern technology.

The satellite positions complement the core holdings with targeted future themes that benefit heavily from structural technological innovation.

The Innovation Portfolio is broadly diversified across ten funds and ETFs. This keeps single-stock risks low, while the combination of stability (core) and growth (satellites) creates a robust and future-oriented portfolio structure.

This strategic setup enables the portfolio to represent the long-term innovation strength of global technology markets while simultaneously participating in targeted growth themes.

The Innovation Portfolio benefits from an exceptionally stable foundation of global technology funds combined with a targeted focus on the most important future themes of our time. The core holdings enable broad market participation and minimize risk, while the satellite positions capture structural growth trends—from artificial intelligence to digital transformation, semiconductors, and cyber security.

The strong performance year-to-date shows that the combination of stability and thematic agility remains an effective model for generating long-term value in a dynamic market environment. The portfolio is clearly positioned for the future: broadly diversified, growth-oriented, and focused on technologies that are sustainably reshaping global markets.

To deepen your understanding of current developments in the technology sector and structural trends related to innovation, digitalization, and AI, we recommend the following sources:

  • McKinsey – The State of AI 2025
    Current overview of AI applications, value-creation potential, and global industry trends.
    https://www.mckinsey.com/capabilities/quantumblack

  • Harvard Business Review – Why Digital Transformation Is Driving the Next Innovation Wave
    Analysis of why companies with higher levels of digitalization generate more innovation over the long term.
    https://hbr.org/

  • Bain & Company – Technology Report: Emerging Tech Trends
    Annual report on disruptive technologies, cloud developments, and new software architectures.
    https://www.bain.com/insights/topics/technology-report/

  • World Economic Forum – Global Future Council on Emerging Technologies
    Insights into key technological trends, structural change, and future markets.
    https://www.weforum.org/agenda/

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