Inspiration45
Emerging Asian countries are driving technological progress with impressive dynamism. China in particular has become a world leader in key technologies such as artificial intelligence, 5G, e-mobility and healthcare technologies and is making targeted investments in forward-looking innovations. Tracker certificates on the Vontobel Rising Economies Disruptors Index enable investors to participate in this technological and economic change in one of the world's most dynamic regions.
This week's focus is on the impact of rising oil and energy prices in light of increasing tensions between Iran and the United States over the Strait of Hormuz. Add to this the damage to energy infrastructure in the Gulf region and the outlook for US energy companies such as Chevron could improve by mid-2026. In the meantime, the reporting season for the first quarter of 2026 has gotten off to a good start in the US, with 88% of S&P 500® companies reporting positive earnings surprises so far.
This week, the question arises as to how long President Trump will continue the war against Iran. East Asian economies are more sensitive to high oil prices than those in Europe and the US. Therefore, a short war could probably benefit the Nikkei index the most.
The gaming retailer, which gained notoriety due to the short squeeze triggered by retail investors in 2020, has big plans. Specifically, GameStop wants to take over the world-famous second-hand market giant eBay. It is interesting to note that eBay has a market capitalization of around 48 billion US dollars, while GameStop only has a market capitalization of around 11 billion US dollars (Yahoo Finance, 04.05.2026). What are GameStop's plans?
After weeks of escalating rhetoric between the US and Iran, a preliminary peace agreement could be imminent, according to media reports, adding to signs of improvement. Tanker traffic had slowly picked up again, but remains well below pre-war levels.
Know-How4
Constant Leverage Certificates (CLCs) allow investors to participate in the performance of an underlying asset with leverage. They are equipped with a constant leverage (factor) that multiplies the daily percentage change of the underlying asset. With Long CLCs, investors can bet on rising prices, while Short CLCs allow them to bet on falling prices of the underlying assets. These products are suitable for short-term investment horizons and are not intended for a buy-and-hold strategy.
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Structured products are adaptable instruments. Not just for speculation, but more importantly to enhance returns or even to hedge a portfolio. Investors can position themselves for rising, falling or even sideways movements. Therefore, structured products offer solutions for many market environments and can be adapted to an investors’ market expectations. The ability to tailor investments to the expectations of investors is one of the most important advantages of structured products. As a result, structured products offer an interesting alternative to direct investments.