Brief Review: August 2026:
Through mid-August, the Euro AI Backbone saw a recovery. In mid-August, the wikifolio’s price came under pressure. Price drivers from the semiconductor and tech hardware sectors declined, in some cases significantly.
As of August 1, the certificate’s price stood at €91.81; on August 31, it closed at €90.71, representing a loss of 1.2%.
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At the start of the new month, the regular portfolio rebalancing will take place as follows.
- The weighting of the VAT Group
$VACN (-2,15%) is reduced from 2.1% to 1.4%. - The weighting of Enel
$ENEL (-1,49%) will be reduced from 5.6% to 5.0%. - The weighting of Geberit
$GEBN (-0,87%) is being reduced from 1.3% to 0.7%. - New addition Huber+Suhner
$HUBN (-1,75%) at 2.1%.
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Background
VAT Group reduction / Fine-tuning in the semiconductor sector:
The position of the VAT Group will be reduced as part of the optimization of the semiconductor specialists (taking into account the existing position in Atlas Copco $ATCO B (-1,5%) ) in order to reduce concentration risk in vacuum technology.
Reduction in Enel:
For the major utilities, the reduction is intended to lock in profits and free up capital for highly specialized technology niches, while coverage of the core power grid holding remains stable.
Reduction in Geberit:
The weighting of Geberit is being adjusted to reflect its actual AI leverage (cooling water circuits/piping systems in data centers), ensuring that the physical data center infrastructure segment remains represented without tying up unnecessary capital.
Addition of Huber+Suhner:
In the Optical Interconnects and Passive Infrastructure segment, Huber+Suhner is a specialist in high-precision fiber-optic and connection technology within data centers. Huber+Suhner bridges the gap in optical signal transmission between AI servers, thereby complementing network equipment providers such as Nokia
$NOKIA (-1,37%) as well as cable giants such as Prysmian
$PRY (-1,83%) and NKT $NKT (+1,59%) .
P.S.: The Wikifolio will likely be granted "Investable" status later this month, and you'll be able to start investing in it at that time!
