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Fiber optics, 5G, cloud services, and artificial intelligence are driving rapid growth in global data traffic. Companies that supply networks, components, and semiconductors for the high-speed digital world are benefiting from this trend. The new Solactive Optical Networks Technology Index brings together some of the key players in this forward-looking industry into a single investment solution.

Rising defense spending is often associated with the procurement of vehicles, aircraft, or weapons systems. At the same time, the digital transformation of modern armed forces is gaining in importance. Software, data analysis, cybersecurity, and networked communication systems are becoming key components of military capabilities and are thus increasingly coming into focus from an investor’s perspective as well.

For decades, copper was the backbone of data centers. Now it’s becoming the bottleneck of the AI revolution. The industry’s response: light instead of electricity. Instead of sending data as electrical signals through copper, the industry is increasingly turning to optical networks that transmit data as light pulses through fiber-optic cables. This enables the fast and energy-efficient exchange of massive amounts of data and makes optical technologies a key requirement for cloud infrastructures and modern AI applications. With the global expansion of this infrastructure, the importance of photonic technologies is likely to continue to grow. A look at the structural growth trend that is rewiring digital infrastructure.

Digitalization is rapidly transforming the economy and society. Companies are investing in new technologies, automating processes, and increasingly using data as a strategic competitive advantage. Two topics in particular are currently at the center of this development: artificial intelligence (AI) and cybersecurity. While AI opens up new opportunities for efficiency gains and innovation, cybersecurity ensures that digital processes, data, and systems remain protected. Both areas benefit from long-term growth trends and are closely interlinked.

For 13 years, gamers have been waiting for November 19, the day “Grand Theft Auto VI” is set to be released. A major competing title won’t hit the market until February, and for Take-Two Interactive, the company behind the game, this is no ordinary release either. A large portion of the expected growth is expected to come from this single title. The industry is likely to be watching the launch very closely. What happens when a single game is expected to carry an entire fiscal year?

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.

Bonus certificates are suitable for investors who expect prices to trend sideways, fall or rise slightly over a certain period of time. A bonus certificate generally relates to an underlying asset, usually a share or an index, and can be superior to a direct investment in certain scenarios. If the price of an underlying asset moves within a predetermined price range over the term, the exercise price (bonus level) is paid out to the holder of the bonus certificate. The upper end of the price range is limited by the strike price. This also determines the redemption amount, taking into account the conversion ratio specified in the product terms and conditions. The barrier is located at the lower end of the range. If the price falls below this barrier during the term, the entitlement to the strike price expires and the investor receives the underlying securities on maturity or a cash settlement.

Discount certificates with a barrier add an additional feature to conventional discount certificates: the knock-in barrier. As a result of the barrier, repayment at maturity now depends on whether or not a barrier event has occurred during the term period. Similar to conventional discount certificates, discount certificates with a barrier are also suitable for investors who expect a sideways or slightly positive performance of the underlying asset. However, price setbacks to or below the barrier should generally be ruled out.