{"id":8578,"date":"2024-04-07T12:50:00","date_gmt":"2024-04-07T10:50:00","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/investing-in-themed-funds-investing-smart-is-different\/"},"modified":"2024-09-17T08:31:49","modified_gmt":"2024-09-17T06:31:49","slug":"investing-in-themed-funds-investing-smart-is-different","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/investing-in-themed-funds-investing-smart-is-different\/","title":{"rendered":"Investing in themed funds: investing smart is different"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span>\n<p data-block-type=\"core\"><br\/>Investing in theme funds \u2013 a new opportunity for your money?\nTheme funds invest in companies that are supposedly active in up-and-coming sectors.\nSounds tempting, doesn\u2019t it?\nBut before you jump in, let\u2019s take a closer look.   <\/p>\n\n<!--more-->\n\n<nav class=\"wp-block-stackable-table-of-contents stk-block-table-of-contents stk-block stk-71261bf\" data-block-id=\"71261bf\"><ul class=\"stk-table-of-contents__table\"><li><a href=\"#was-sind-themenfonds\"><a href=\"#was-sind-themenfonds\">What are theme funds?<\/a><\/a><\/li><li><a href=\"#themenfonds-nutzen-starke-narrative\"><a href=\"#themenfonds-nutzen-starke-narrative\">Thematic funds use strong narratives<\/a><\/a><\/li><li><a href=\"#deine-drei-wetten-bei-der-anlage-in-themenfonds\"><a href=\"#deine-drei-wetten-bei-der-anlage-in-themenfonds\">Your three bets when investing in theme funds<\/a><\/a><\/li><li><a href=\"#anlage-in-themenfonds-ist-oft-ein-verlustgeschaft\"><a href=\"#anlage-in-themenfonds-ist-oft-ein-verlustgeschaft\">Investing in theme funds is often a losing proposition<\/a><\/a><\/li><li><a href=\"#weitere-studien-zur-anlage-in-themenfonds-zeigen-gleiche-erkenntnisse\"><a href=\"#weitere-studien-zur-anlage-in-themenfonds-zeigen-gleiche-erkenntnisse\">Other studies on investing in theme funds show the same findings<\/a><\/a><\/li><li><a href=\"#zusammenfassung-anlage-in-themenfonds\"><a href=\"#zusammenfassung-anlage-in-themenfonds\">Summary Investment in thematic funds<\/a><\/a><ul><\/ul><\/li><\/ul><\/nav>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-be417dc\" id=\"was-sind-themenfonds\" data-block-id=\"be417dc\"><h2 class=\"stk-block-heading__text\">What are theme funds?<\/h2><\/div>\n\n<p data-block-type=\"core\">Theme funds are <a href=\"https:\/\/www.smolio.ch\/wissen\/anlageklassen-oder-3-arten-mit-einem-limonadenstand-geld-zu-verdienen\/\">equity funds<\/a> that invest specifically in companies in a particular theme or sector.\nThese themes range from technology and renewable energies to generational trends and demographic changes.\nThe idea behind thematic funds is to profit from trends and developments by investing in companies that are active in precisely these areas.  <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-5a09fcf\" id=\"themenfonds-nutzen-starke-narrative\" data-block-id=\"5a09fcf\"><h2 class=\"stk-block-heading__text\">Thematic funds use strong narratives<\/h2><\/div>\n\n<p data-block-type=\"core\">Thematic funds are attractive to investors because they are relatively easy to understand.\nThe investment themes use strong narratives that investors are familiar with, such as the ageing population, the transition to a digital economy or the triumph of electric vehicles.\nThis makes them easy to understand and has a strong appeal to investors\u2019 emotions.\n\u201cWe can usually make an emotional connection with a story.\nEmotions solidify memories and add weight to an experience.\nSo if something is emotionally charged, we are more likely to remember it and attach more importance to it,\u201d says Sarah Newcomb, Senior Behavioral Scientist at Morningstar.       <\/p>\n\n<p data-block-type=\"core\">The launch of thematic funds is closely linked to trends, so the themes of new funds are no coincidence.\nSince 2023, the focus has been on AI topics, while lockdown 2020 was dominated by topics such as remote working, online entertainment and e-commerce. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-eb62d72\" id=\"deine-drei-wetten-bei-der-anlage-in-themenfonds\" data-block-id=\"eb62d72\"><h2 class=\"stk-block-heading__text\">Your three bets when investing in theme funds<\/h2><\/div>\n\n<p data-block-type=\"core\">When you buy a themed fund, you are basically making three bets.\nYou are betting that your theme will grow as expected.\nYou are betting that the companies in the fund are positioned to benefit from the growth of the theme.\nAnd you are certain that the market growth will pay off in the form of attractive share returns.\nThe probability of winning these bets is low.\nStudies by Morningstar show that the older a fund gets, the more likely it is to close.\nAnd the surviving funds are less likely to outperform the global market.      <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-4bbceba\" id=\"anlage-in-themenfonds-ist-oft-ein-verlustgeschaft\" data-block-id=\"4bbceba\"><h2 class=\"stk-block-heading__text\">Investing in theme funds is often a losing proposition<\/h2><\/div>\n\n<p data-block-type=\"core\">A recent study by VZ Verm\u00f6genszentrum on theme funds confirms the results already known:<\/p>\n\n<ul class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\"><strong>Short survival time<\/strong>: Many theme funds fail after a short time.\nMore than 50 % disappear from the market within 10 years.\nThis shows that these investments are often not successful in the long term.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>High fees<\/strong>: Thematic funds are quite expensive.\nOn average, active funds have a total expense ratio of a whopping 1.84%.\nThis significantly reduces your return.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>Poor return<\/strong>: Here comes the point that hurts the most \u2013 the return.\nMost theme funds underperform the global equity market (MSCI World).\nIn the last three years, 97% of all funds have achieved a lower return.  <\/li>\n\n\n\n<li data-block-type=\"core\"><strong>High risks:<\/strong> Theme funds often focus on specific themes and invest in only a few companies (usually 30-50).\nThis can lead to strong price fluctuations and higher risks. <\/li>\n<\/ul>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-3ebab28\" id=\"weitere-studien-zur-anlage-in-themenfonds-zeigen-gleiche-erkenntnisse\" data-block-id=\"3ebab28\"><h2 class=\"stk-block-heading__text\">Other studies on investing in theme funds show the same findings<\/h2><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-89c90e5\" data-block-id=\"89c90e5\"><p class=\"stk-block-text__text\">Research by renowned institutes such as the Scope Group and Morningstar confirms the concerns about themed funds:<\/p><\/div>\n\n<ul class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\">The <a href=\"https:\/\/www.scopegroup.com\/dam\/jcr:8e759ac9-628d-4b27-8609-efee6d28a36f\/Scope%20Studie%20Multi-Themenfonds%20Jan%202023.pdf\" target=\"_blank\" rel=\"noopener\">Scope Study 2023<\/a> shows that multi-thematic funds performed 4.8 percentage points worse than the average of all equity funds in 2022.\nCompared to the MSCI World Index, the difference was as much as 9.7 percentage points.\nOnly three out of 132 thematic funds had a positive return in 2022.  <\/li>\n\n\n\n<li data-block-type=\"core\">The <a href=\"https:\/\/envestor.de\/morningstar-themenfonds\/\" target=\"_blank\" rel=\"noopener\">Morningstar Study 2022<\/a> shows that thematic funds have significantly underperformed the broad equity market in recent years.\nOnly a fraction of funds outperformed the benchmark.\nMorningstar warns against the timing of investments in thematic funds, as many investors often only invest when the best performance is already over.  <\/li>\n<\/ul>\n\n<p data-block-type=\"core\">One reason why thematic funds perform so poorly is the lack of <a href=\"https:\/\/www.smolio.ch\/wissen\/anlageklassen-und-portfoliodiversifikation-wie-du-besser-vom-kapitalmarkt-profitierst\/\">diversification<\/a> in the investment universe.\nNobody knows with any confidence today which stocks will be the stars of tomorrow. <\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-a06fb06\" id=\"zusammenfassung-anlage-in-themenfonds\" data-block-id=\"a06fb06\"><h2 class=\"stk-block-heading__text\">Summary Investment in thematic funds<\/h2><\/div>\n\n<p data-block-type=\"core\">Overall, studies by renowned institutes such as the Scope Group and Morningstar show that thematic funds often perform worse than other investment alternatives.\nThis is due to the high fees, lower returns and risks associated with focusing on specific themes.\nSo before you put your hard-earned money into themed funds, think carefully about whether they are right for you.\nTheir short lifespan, high costs, poor returns and risks should not be underestimated.\nYou may be better off looking at other investment strategies that are more stable and profitable in the long term.\nYour money, your choice \u2013 but be aware of the risks before you jump.     <\/p>\n\n<div class=\"wp-block-ugb-container ugb-container ugb-7fbfd5e ugb-container--v2 ugb-container--design-basic ugb-main-block\"><style>.ugb-7fbfd5e-wrapper.ugb-container__wrapper{border-radius:0px !important;background-color:#02b875 !important}.ugb-7fbfd5e-wrapper.ugb-container__wrapper:before{background-color:#02b875 !important}.ugb-7fbfd5e h1,.ugb-7fbfd5e h2,.ugb-7fbfd5e h3,.ugb-7fbfd5e h4,.ugb-7fbfd5e h5,.ugb-7fbfd5e h6{color:#ffffff}.ugb-7fbfd5e p,.ugb-7fbfd5e li,.ugb-7fbfd5e label,.ugb-7fbfd5e table{color:#ffffff}.ugb-7fbfd5e-content-wrapper > h1,.ugb-7fbfd5e-content-wrapper > h2,.ugb-7fbfd5e-content-wrapper > h3,.ugb-7fbfd5e-content-wrapper > h4,.ugb-7fbfd5e-content-wrapper > h5,.ugb-7fbfd5e-content-wrapper > h6{color:#ffffff}.ugb-7fbfd5e-content-wrapper > p,.ugb-7fbfd5e-content-wrapper > ol li,.ugb-7fbfd5e-content-wrapper > ul li{color:#ffffff}.ugb-7fbfd5e a,.ugb-7fbfd5e a:visited,.ugb-7fbfd5e a:focus{color:#ffffff}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-7fbfd5e-wrapper\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-7fbfd5e-content-wrapper\">\n<h3 class=\"wp-block-heading\" id=\"h-strukturiert-langfristig-anlegen-mit-der-findependent-anlage-app\">Structured long-term investing with the findependent investment app<\/h3>\n\n\n\n<p id=\"h-unser-tipp-gut-rechnen-ist-angesagtfalls-du-die-effektiven-kosten-f-rs-arbeitszimmer-abziehst-verlierst-du-den-pauschal-abzug-f-r-die-berufskosten-denn-es-geht-nur-entweder-abzug-der-effektien-kosten-oder-pauschalabzug-f-r-homeoffice-tage-kannst-du-auch-keine-fahrtkosten-abziehen-rechne-daher-gut-nach-was-dir-den-h-heren-abzug-bringt-vermutlich-f-hrst-du-in-den-meisten-f-llen-besser-mit-dem-pauschalabzug\" data-block-type=\"core\">Use the code <strong>Smolio<\/strong> for your welcome bonus when you open a findependent account.\nIf you deposit at least 500 francs, there are no management and custody fees on your first 3,000 francs for life. <\/p>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-38be4a0\" data-block-id=\"38be4a0\"><div class=\"stk-row stk-inner-blocks stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button stk-block stk-1f879d2\" data-block-id=\"1f879d2\"><style>.stk-1f879d2 .stk-button{background:#192483 !important;border-top-left-radius:30px !important;border-top-right-radius:30px !important;border-bottom-right-radius:30px !important;border-bottom-left-radius:30px !important}<\/style><a class=\"stk-link stk-button stk--hover-effect-darken\" href=\"https:\/\/app.findependent.ch\/onboarding\/\" target=\"_blank\" rel=\"noopener\"><span class=\"stk-button__inner-text\">to findependent<\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Theme funds &#8211; a new opportunity for your money?<br \/>\nThey invest in companies from supposedly up-and-coming sectors.<br \/>\nBut before you jump in, find out if it&#8217;s really worth it.  <\/p>\n","protected":false},"author":8,"featured_media":7722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2208,2395,2207],"tags":[2211,2212,2388,2397,2383,2396],"class_list":{"0":"post-8578","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing-in-the-stock-market","8":"category-behavioral-finance","9":"category-build-investment-portfolio","10":"tag-invest-for-the-long-term","11":"tag-invest-smart","12":"tag-investment-decisions","13":"tag-investment-error","14":"tag-shares","15":"tag-thematic-funds"},"nelio_content":{"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"efiAlt":"","efiUrl":"","followers":[],"highlights":[],"isAutoShareEnabled":false,"networkImageIds":[],"permalinkQueryArgs":[],"series":[],"suggestedReferences":[]},"featured_image_urls_v2":{"full":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc.webp",1200,800,false],"thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-315x210.webp",315,210,true],"medium":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-800x533.webp",800,533,true],"medium_large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-768x512.webp",768,512,true],"large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc.webp",1140,760,false],"1536x1536":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc.webp",1200,800,false],"2048x2048":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc.webp",1200,800,false],"davenport-blog-thumb":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-1140x694.webp",1140,694,true],"davenport-blog-thumb-grid":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-555x360.webp",555,360,true],"davenport-blog-thumb-widget":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-220x180.webp",220,180,true],"davenport-blog-thumb-masonry":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-360x240.webp",360,240,true],"woocommerce_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-300x300.webp",300,300,true],"woocommerce_single":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-400x267.webp",400,267,true],"woocommerce_gallery_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/04\/07120756\/Smolio-Blog_Anlage-in-Themenfonds_drone-inspecting-an-oilseed-field-for-intelligent-2023-11-27-04-55-40-utc-300x300.webp",300,300,true]},"post_excerpt_stackable_v2":"<p>Theme funds &#8211; a new opportunity for your money?<br \/>\nThey invest in companies from supposedly up-and-coming sectors.<br \/>\nBut before you jump in, find out if it&#8217;s really worth it.  <\/p>\n","category_list_v2":"<a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/investing-in-the-stock-market\/\" rel=\"category tag\">Investing in the stock market<\/a>, <a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/behavioral-finance\/\" rel=\"category tag\">Behavioral Finance<\/a>, <a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/build-investment-portfolio\/\" rel=\"category tag\">Build investment portfolio<\/a>","author_info_v2":{"name":"Thomas","url":"https:\/\/www.smolio.ch\/en\/wissen\/author\/thomas\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/comments?post=8578"}],"version-history":[{"count":1,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8578\/revisions"}],"predecessor-version":[{"id":8579,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8578\/revisions\/8579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media\/7722"}],"wp:attachment":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media?parent=8578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/categories?post=8578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/tags?post=8578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}