Hidden Gems focuses on specialised future topics and niche innovations that are often overlooked outside the major market trends. The portfolio combines technological megatrends, new growth areas and strategic commodities in order to capitalise on undervalued opportunities at an early stage.
Equities (incl. SPDR Morningstar Multi-Asset Global Infrastructure) (83.5%)
approx. 700 companies ~20% of the stock market by market capitalisation
Bonds (SPDR Morningstar Multi-Asset Global Infrastructure) (6.5%)
approx. 1,200 bonds ~90% of the investable infrastructure bond market
Raw materials (10%)
approx. 18% of the commodity market tradable on the stock exchange
Global equity market coverage (September 2025)
Region
Share in the block of shares
North America
approx. 62%
Europe
approx. 17%
Pacific
approx. 7%
Emerging markets Asia
approx. 11%
Latin America
approx. 2%
Africa & Middle East
approx. 1%
Sector allocation (September 2025)
Industry
Share in the block of shares
Information technology
approx. 32%
Industry (infrastructure, aerospace, agricultural engineering)
approx. 20%
Healthcare (Genomics & Biotech)
approx. 12%
Real estate (REITs, infrastructure real estate)
approx. 10%
Non-cyclical consumption (food, agriculture, future of food)
approx. 9%
Communication services (satellites, digital platforms)
approx. 6%
Materials (fertilisers, agricultural raw materials)
approx. 5%
Energy (infrastructure energy, renewable sources)
approx. 4%
Utilities (water, electricity grids)
approx. 2%
Strategic summary
Hidden Gems relies on a thematically focussed mix of e.g. tech niches, security, life sciences, food, agribusiness, global real estate and strategic metals. The structure combines disruptive technologies, real assets and critical raw materials into a portfolio that specifically covers those areas in which innovation, scarcity and structural change generate long-term growth.
