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It usually operates behind the scenes, but without it, the global economy would quickly come to a halt. The logistics industry connects producers, retailers and consumers across continents and ensures that goods arrive at the right place at the right time. New technologies, changing supply chains, and rising demands make it one of the most exciting key industries of our time.

Record number of commitments, stock market crash: At Partners Group, success and crisis are currently closer together than they have been in a long time. The Swiss group secured more client commitments in the first half of the year than ever before in a first half (Partners Group, 1.09.2026), yet its stock has lost over 40 percent so far this year (FuW, 9.10.2026). Now even its 17-year dividend streak is under scrutiny, while one fund is being split up and another is being liquidated. How Partners Group navigates this phase will likely also reveal how much confidence retail investors will place in private equity going forward.

Political tensions, geopolitical conflicts, and rising government debt are currently causing turmoil in the capital markets. At the same time, yields on long-term government bonds in several industrialized countries have reached levels last seen decades ago. This raises an unusual question: Are investors beginning to assess sovereign risks more critically than in the past? This would be of great significance for investors. After all, if perceptions of the safety of government bonds were to change, other asset classes could also come into sharper focus.

The Rhine is one of the most important transportation arteries for European industry. However, the exceptionally low water levels in 2026 highlight the economic, and ultimately, capital market-related, consequences that dependence on this infrastructure can have.

The global travel industry continues to experience an extraordinary upswing. Following pandemic-related restrictions, demand for vacations, business travel, and leisure experiences has increased significantly. Many consumers are once again prioritizing travel more highly in their household budgets and are willing to spend more on special experiences. At the same time, travel companies are benefiting from the increasing digitization of booking processes, rising international mobility, and a growing middle class in many emerging markets. Companies that hold leading market positions in the cruise, online travel booking, and alternative accommodations sectors stand to benefit particularly from this trend.

For individuals who invest in Knock-Out products such as Warrants with Knock-Out or Mini Futures, it is crucial to know when and under what conditions their product can be knocked out. But what many do not know: The trading times of the underlying asset play a decisive role here. If the underlying is not a share or an index, the trading times of the underlying and the product may diverge.

Barrier Reverse Convertibles (BRCs) are the classics among structured products. They belong to the yield optimization category and are characterized by a predetermined coupon and a certain safety buffer. BRCs are interesting due to their attractive coupons and in markets that are trending sideways.

Discount certificates feature a discount compared to the underlying asset at the time of issue. The reduced issue price shows its strengths when the market environment is stagnant or slightly positive, as it cushions possible price losses. However, the profit potential is limited by the cap. The level of the cap determines the price discount compared to the price of the underlying and can be set below, at or above the current price of the underlying. Here, the level of the cap determines whether the discount certificate is defensive, neutral or offensive.

Among investment products, capital protection products represent the lowest-risk investment option. A special feature of these products is a minimum repayment at maturity and participation in the positive performance of the underlying asset. Capital protection products are particularly interesting for risk-averse investors who want to avoid price losses but still participate in a positive performance.

Reverse convertibles offer investors the opportunity to profit from sideways movements in the price of an underlying asset, usually a share. Similar to a bond, a reverse convertible features a coupon that is fixed at the time of issue and is generally paid out at the end of its term. The repayment of the nominal amount, on the other hand, depends on the performance of the underlying asset. A predetermined price level (strike price) is of decisive importance here. If the price is at or above the strike price at the end of the term, the investor will receive the nominal amount back. If the price is below the exercise price on the maturity date, the investor will be delivered units of the underlying with the settlement type “physical delivery”, the value of which will usually be less than the nominal amount. Alternatively, a cash settlement is also possible.