Management Commentary for Retail Clients – September 4, 2025

Hand, Geld, Pflanze

General Development In August 2025, the fund price recorded its fourth consecutive positive month with an increase of 0.31%. Since the low point in April, the fund has thus further stabilized. The month was generally characterized by a low volume of news, although geopolitical tensions – particularly due to decisions by the US government – […]

Management Commentary – September 4, 2025

Managementkommentar Titelbild - Waldboden mit grüner Erdkugel in der Hand

General Development In August 2025, the fund price recorded an increase of 0.31 percent, marking the fourth consecutive month of positive performance. Since the low point in April, the fund has recovered noticeably and moved significantly away from the previous year’s lows. Please refer to our fact sheet for complete performance details. Developments in the […]

Management Commentary – August 4, 2025

Managementkommentar Titelbild - Waldboden mit grüner Erdkugel in der Hand

General Development In July 2025, the fund price increased by 10.37%, significantly recovering from its year-to-date lows since April. During July, the fund price temporarily recorded an increase of over 18%, but could not maintain this level until the end of the month. For full details on performance, please refer to our Factsheet. The strong […]

Management Commentary for Retail Clients – August 4, 2025

Hand, Geld, Pflanze

General Development In July 2025, the fund price rose by 10.37%, continuing the significant recovery since April. Towards the end of the month, however, renewed geopolitical tensions and political uncertainties in the USA weighed on the markets and led to profit-taking. Nevertheless, the overall performance of the month remained clearly positive – also supported by […]

Management Commentary for Retail Clients – July 3, 2025

Hand, Geld, Pflanze

General Development In June 2025, the fund price rose by 11.73 percent, significantly recovering from its spring lows. Although political uncertainties surrounding a new US tax law led to short-term volatility, they were overshadowed by numerous positive corporate announcements. Progress in order intake, technological development, and financial stabilization of many portfolio companies contributed significantly to […]

Management Commentary – July 3, 2025

Managementkommentar Titelbild - Waldboden mit grüner Erdkugel in der Hand

General Development In June 2025, the fund price rose by 11.73 percent, thus recovering significantly from the previous year’s lows in April. In the short term, political developments in the USA weighed on sentiment: The discussion about a new tax law, which is currently being drafted, caused uncertainty – especially in the solar and hydrogen […]

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