Chart of the Month: Divergences in the technology sector
Hawk-eye signal: recognizing divergences within a sector
When a sector diverges internally, clear relative trends emerge:
- Leading stocks reach new highs and confirm their strength
- Weaker stocks show no sustained momentum despite recovery attempts
In this environment, relative strength provides the decisive indication of where capital is actually flowing.
This is precisely where the systematic approach of the Hawk-Eye certificate comes in:
- The price serves as an objective decision filter
- Implementation is rule-based when adding to and removing from positions
Positioning in the current environment
- Overweight in structurally strong infrastructure and semiconductor stocks
- Underweight in traditional software and cybersecurity stocks with a weak momentum profile
Since March, the Hawk-Eye certificate has been positioned in the following securities, among others:
Nebius Group, Marvell Technology, Intel, Vertiv Holdings, Jabil
Would you like to find out more?
Do you have any questions about the Chart of the Month or would you like to find out more about our Hawk-Eye strategy? Our fund manager, Manuel Schmedler, looks forward to hearing from you.
Hawk-Eye certificate
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Disclaimer
This document has been prepared for marketing and informational purposes only and does not constitute an offer or a solicitation to subscribe for, purchase, or sell units of this investment fund. It does not constitute investment advice. Only the current fund documents (in particular the prospectus and the Key Information Document (KID)) are legally binding. Past performance is not a reliable indicator of future results. Images: Marijke Vosmeer, Luzia Hunziker, Jürg Kaufmann, iStock, Unsplash / Graphics: Tareno AG, Bloomberg