{"id":1759,"date":"2025-12-16T11:00:00","date_gmt":"2025-12-16T10:00:00","guid":{"rendered":"https:\/\/mueckinvest-qtjx8ksl18.live-website.com\/?page_id=1759"},"modified":"2026-07-06T07:00:00","modified_gmt":"2026-07-06T05:00:00","slug":"%e7%bb%b4%e5%9f%ba%e7%99%be%e7%a7%91%e8%af%81%e4%b9%a6%e7%9a%84%e5%8f%91%e8%a1%8c%e4%ba%ba%e9%a3%8e%e9%99%a9","status":"publish","type":"page","link":"https:\/\/mueckinvest.com\/zh\/emittentenrisiko-bei-wikifolio-zertifikaten\/","title":{"rendered":"Wikifolio\u8bc1\u4e66\u7684\u53d1\u884c\u4eba\u98ce\u9669"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u4ece\u6cd5\u5f8b\u89d2\u5ea6\u8bb2\uff0cWikifolio \u8bc1\u4e66\u662f\u7531\u2026\u2026\u53d1\u884c\u7684\u503a\u52a1\u8bc1\u5238\u3002 <strong>\u6717\u4e0e\u65bd\u74e6\u8328\u80a1\u4efd\u516c\u53f8 (L&amp;S)<\/strong>. \u901a\u8fc7\u8d2d\u4e70\u51ed\u8bc1\uff0c\u6295\u8d44\u8005\u6210\u4e3a\u53d1\u884c\u4eba\u7684\u503a\u6743\u4eba\u3002\u8fd9\u901a\u5e38\u4f1a\u9020\u6210\u2026\u2026 <em>\u53d1\u884c\u4eba\u98ce\u9669<\/em>, \u5373\u53d1\u884c\u4eba\u7834\u4ea7\u7684\u98ce\u9669\u3002.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3a\u4e86\u964d\u4f4e\u8fd9\u79cd\u98ce\u9669\uff0cL&amp;S\u91c7\u53d6\u4e86 <strong>\u5408\u540c\u7ea6\u5b9a\u7684\u62b5\u62bc\u54c1\u89e3\u51b3\u65b9\u6848<\/strong> \u5df2\u63a8\u51fa\u3002\u6240\u6709\u7528\u4e8e\u5c65\u884c\u672a\u507f\u4ed8Wikifolio\u51ed\u8bc1\u4e49\u52a1\u7684\u8bc1\u5238\u548c\u73b0\u91d1\u8d26\u6237\u5747\u5df2\u8d28\u62bc\u4f5c\u4e3a\u62b5\u62bc\u54c1\u3002\u72ec\u7acb\u53d7\u6258\u4eba\u5b9a\u671f\u76d1\u63a7\u62b5\u62bc\u54c1\u3002\u8fd9\u53ef\u4ee5\u4fdd\u62a4\u6295\u8d44\u8005\u514d\u53d7\u53d1\u884c\u4eba\u98ce\u9669\u7684\u5f71\u54cd\u3002 <strong><a href=\"https:\/\/help.wikifolio.com\/article\/86-wie-sicher-sind-investitionen-in-wikifolio-zertifikate\" title=\"\">\u57fa\u672c\u5b89\u5168<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fd9\u4efd\u5168\u9762\u7684\u6df1\u5ea6\u5206\u6790\u62a5\u544a\u8be6\u7ec6\u9610\u8ff0\u4e86\u53d1\u884c\u4eba\u98ce\u9669\uff0c\u5305\u62ec\u62b5\u62bc\u54c1\u8fd0\u4f5c\u65b9\u5f0f\u3001\u53ef\u80fd\u51fa\u73b0\u7684\u60c5\u51b5\u4ee5\u53ca\u98ce\u9669\u7ef4\u5ea6\u3002\ud83d\udc49 <strong><a href=\"https:\/\/mueckinvest.com\/zh\/%f0%9f%93%89-emittentenrisiko-bei-wikifolio-zertifikaten\/\" title=\"\ud83d\udcc9 Wikifolio\u8bc1\u4e66\u7684\u53d1\u884c\u4eba\u98ce\u9669\">\u6df1\u5165\u63a2\u8ba8\uff1a\u53d1\u884c\u4eba\u98ce\u9669<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8d38\u6613\u4e0e\u900f\u660e\u5ea6<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Wikifolio\u8bc1\u4e66\u4ec5\u5728\u4ee5\u4e0b\u60c5\u51b5\u4e0b\u9881\u53d1\uff1a <strong>\u65af\u56fe\u52a0\u7279\u8bc1\u5238\u4ea4\u6613\u6240 (EUWAX)<\/strong> \u5df2\u4ea4\u6613\u3002.<\/li>\n\n\n\n<li>wikifolio.com \u548c\u4ea4\u6613\u5458\u5747\u4e0d\u63a5\u53d7\u6295\u8d44\u8005\u8d44\u91d1\uff1b\u53d1\u884c\u65b9\u4ec5\u4e3a L&amp;S\u3002.<\/li>\n\n\n\n<li>\u62b5\u62bc\u65b9\u6848\u5bf9\u6295\u8d44\u8005\u6765\u8bf4\u662f\u514d\u8d39\u7684\uff0c\u5e76\u4e14\u53ef\u4ee5\u63d0\u9ad8\u6295\u8d44\u7684\u5b89\u5168\u6027\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u5b63\u5ea6\u8bc4\u4f30<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u9664\u4e86\u5b98\u65b9\u7684L&amp;S\u89c4\u7ae0\u5236\u5ea6\u4e4b\u5916\uff0c <a href=\"http:\/\/wikifolio.com\" title=\"\">wikifolio.com<\/a> \u6211\u5c06\u53d1\u5e03 <strong>\u5b63\u5ea6\u4e2a\u4eba\u8bc4\u4f30<\/strong> \u5173\u4e8e\u5f53\u524d\u98ce\u9669\u72b6\u51b5\uff0c\u8fd9\u4e9b\u5206\u6790\u4ec5\u4f9b\u53c2\u8003\uff0c\u8be6\u89c1\u9644\u5f55\u3002\u5b83\u4eec\u5e76\u975e\u53d6\u4ee3L&amp;S\u6216wikifolio.com\u7684\u5b98\u65b9\u4fe1\u606f\uff0c\u800c\u662f\u4ee5\u72ec\u7acb\u89c6\u89d2\u5bf9\u5176\u8fdb\u884c\u8865\u5145\u3002.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n    <style>\n        .emittenrisiko-year-select {\n            margin-bottom: 15px;\n        }\n        .emittenrisiko-year-select select {\n            padding: 6px 10px;\n            font-size: 16px;\n            border-radius: 6px;\n            border: 1px solid #ccc;\n        }\n        @media (prefers-color-scheme: dark) {\n            .emittenrisiko-year-select select {\n                background: #222;\n                color: #fff;\n                border-color: #555;\n            }\n        }\n        .emittenrisiko-all-list {\n            list-style: none;\n            padding-left: 0;\n            margin: 0;\n        }\n        .emittenrisiko-all-list li {\n            margin-bottom: 6px;\n        }\n    <\/style>\n    <div class=\"emittenrisiko-year-select\"><select id=\"emittenrisiko-year\"><option value=\"2026\" selected>2026<\/option><\/select><\/div><ul class=\"emittenrisiko-all-list\" id=\"emittenrisiko-list\"><li data-year=\"2026\">\n                        <a href=\"https:\/\/mueckinvest.com\/zh\/emittentenrisiko-juli-2026\/\">Emittentenrisiko: Juli 2026<\/a>\n                    <\/li><li data-year=\"2026\">\n                        <a href=\"https:\/\/mueckinvest.com\/zh\/emittentenrisiko-april-2026\/\">\u53d1\u884c\u4eba\u98ce\u9669\uff1a2026\u5e744\u6708<\/a>\n                    <\/li><li data-year=\"2026\">\n                        <a href=\"https:\/\/mueckinvest.com\/zh\/jan-26-einschaetzung-des-emittenrisikos\/\">\u53d1\u884c\u4eba\u98ce\u9669\uff1a2026\u5e741\u6708<\/a>\n                    <\/li><\/ul>\n    <script>\n    document.addEventListener(\"DOMContentLoaded\", function() {\n        const select = document.getElementById(\"emittenrisiko-year\");\n        const items = document.querySelectorAll(\"#emittenrisiko-list li\");\n\n        function filter() {\n            const year = select.value;\n            items.forEach(item => {\n                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Mit dem Erwerb eines Zertifikats werden Anleger Gl\u00e4ubiger der Emittentin. Damit besteht grunds\u00e4tzlich ein Emittentenrisiko, also das Risiko der Zahlungsunf\u00e4higkeit des Emittenten. Zur Absicherung dieses Risikos hat L&amp;S eine vertraglich vereinbarte Besicherungsl\u00f6sung eingef\u00fchrt. S\u00e4mtliche Wertpapiere und Geldkonten, die zur Erf\u00fcllung der Verpflichtungen aus ausstehenden [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pmpro_default_level":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-1759","page","type-page","status-publish","hentry","pmpro-has-access"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Fundamentalanalyse Lang &amp; Schwarz 1. Finanzkennzahlen Marktkapitalisierung: ca. 213\u2013218 Mio. EUR KGV (2025): rund 8,2 \u2013 deutliche Unterbewertung im Branchenvergleich Dividendenrendite: zwischen 2,9 % und 9,1 % je nach Berechnung und Aussch\u00fcttungsjahr Eigenkapitalquote: solide, zus\u00e4tzlich wurden 17,3 Mio. EUR in den Fonds f\u00fcr allgemeine Bankrisiken eingestellt 2. Gewinn- und Aussch\u00fcttungspolitik F\u00fcr 2025 plant Lang &amp;\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"google-site-verification\" content=\"ksYgMKW7vv1ZikoPFw6tpXcS3jOzmNPHyBO_6hg6uIQ\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/mueckinvest.com\/zh\/jan-26-einschaetzung-des-emittenrisikos\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"zh_CN\" \/>\n\t\t<meta property=\"og:site_name\" content=\"mueckinvest - Finanzwissen \/ Wikifolios\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Emittentenrisiko: Januar 2026 - mueckinvest\" \/>\n\t\t<meta property=\"og:description\" content=\"Fundamentalanalyse Lang &amp; Schwarz 1. Finanzkennzahlen Marktkapitalisierung: ca. 213\u2013218 Mio. EUR KGV (2025): rund 8,2 \u2013 deutliche Unterbewertung im Branchenvergleich Dividendenrendite: zwischen 2,9 % und 9,1 % je nach Berechnung und Aussch\u00fcttungsjahr Eigenkapitalquote: solide, zus\u00e4tzlich wurden 17,3 Mio. EUR in den Fonds f\u00fcr allgemeine Bankrisiken eingestellt 2. Gewinn- und Aussch\u00fcttungspolitik F\u00fcr 2025 plant Lang &amp;\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/mueckinvest.com\/zh\/jan-26-einschaetzung-des-emittenrisikos\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/mueckinvest.com\/wp-content\/uploads\/2025\/09\/mueckinvest-Logo-Signatur.jpeg\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/mueckinvest.com\/wp-content\/uploads\/2025\/09\/mueckinvest-Logo-Signatur.jpeg\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-01-01T18:00:33+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-04-01T04:00:00+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Emittentenrisiko: Januar 2026 - mueckinvest\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Fundamentalanalyse Lang &amp; Schwarz 1. Finanzkennzahlen Marktkapitalisierung: ca. 213\u2013218 Mio. EUR KGV (2025): rund 8,2 \u2013 deutliche Unterbewertung im Branchenvergleich Dividendenrendite: zwischen 2,9 % und 9,1 % je nach Berechnung und Aussch\u00fcttungsjahr Eigenkapitalquote: solide, zus\u00e4tzlich wurden 17,3 Mio. EUR in den Fonds f\u00fcr allgemeine Bankrisiken eingestellt 2. Gewinn- und Aussch\u00fcttungspolitik F\u00fcr 2025 plant Lang &amp;\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/mueckinvest.com\/wp-content\/uploads\/2025\/09\/mueckinvest-Logo-Signatur.jpeg\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#blogposting\",\"name\":\"Emittentenrisiko: Januar 2026 - mueckinvest\",\"headline\":\"Emittentenrisiko: Januar 2026\",\"author\":{\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/author\\\/admin\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/mueckinvest.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/mueckinvest-Logo-Signatur.jpeg\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/#articleImage\"},\"datePublished\":\"2026-01-01T19:00:33+01:00\",\"dateModified\":\"2026-04-01T06:00:00+02:00\",\"inLanguage\":\"zh-CN\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#webpage\"},\"articleSection\":\"Emittentenrisiko, Dividenden, Konjunktur, Volatilit\\u00e4t\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/mueckinvest.com\\\/zh\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/emittentenrisiko-bei-wikifolio-zertifikaten\\\/#listItem\",\"name\":\"Emittentenrisiko bei Wikifolio-Zertifikaten\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/emittentenrisiko-bei-wikifolio-zertifikaten\\\/#listItem\",\"position\":2,\"name\":\"Emittentenrisiko bei Wikifolio-Zertifikaten\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh#listItem\",\"name\":\"Home\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/#organization\",\"name\":\"mueckinvest Mueckinvest\",\"description\":\"Finanzwissen \\\/ Wikifolios\",\"url\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/\",\"email\":\"steffen.mueck@mueckinvest.de\",\"foundingDate\":\"09/01/2025\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"value\":1},\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/mueckinvest.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/mueckinvest-Logo-Signatur.jpeg\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#organizationLogo\"},\"image\":{\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#organizationLogo\"},\"sameAs\":[\"https:\\\/\\\/instagram.com\\\/mueckinvest\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/author\\\/admin\\\/#author\",\"url\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/author\\\/admin\\\/\",\"name\":\"Steffen\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/bea53c016da0ee031eadf3c1007b981c9a4fe987793c5e41315646a79ed440d1?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Steffen\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/#webpage\",\"url\":\"https:\\\/\\\/mueckinvest.com\\\/zh\\\/jan-26-einschaetzung-des-emittenrisikos\\\/\",\"name\":\"Emittentenrisiko: Januar 2026 - mueckinvest\",\"description\":\"Fundamentalanalyse Lang & Schwarz 1. 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