he Best Stock Market Trends Are the Quiet Ones
Note: This text is a translation from the original language, German.
The Quiet Trend Is Your Friend - The best stock market trends are the quiet ones
Many investors wait to invest until a trend is firmly established in the market: prices are already rising noticeably, media reports are piling up, and most investors are already invested. But the truly promising developments often emerge quietly, steadily, and unspectacularly. Those who recognize them early can reap above-average profits.
Gold – established, but by no means exhausted
The price of gold has been on a stable upward trend for some time and is currently consolidating at a high level. The trend is intact and gathering new strength. In addition to gold's classic role as a hedge against crises and inflation, industrial demand is also becoming increasingly important – a factor that opens up additional potential in the long term.
Silver – the silent follower with catch-up potential
In the shadow of gold, silver is also developing very dynamically. More and more market observers are speculating when the silver price could reach its all-time high from 1980. In recent years, silver has caught up significantly with gold. Both precious metals are currently showing almost synchronous price developments.
Copper – the structural growth driver
Copper has been particularly impressive since the beginning of 2025 with a strong upward trend. The drivers are clear: growing demand from the electrical industry, construction, and infrastructure projects is meeting limited supply. Short-term price fluctuations are common for commodities and primarily reflect macroeconomic developments – this does little to change the structural upward trend.
Lithium – comeback of a key raw material
Lithium is also showing a strong recovery after a significant correction in the middle of the year. The price decline in June was apparently only a temporary setback – prices are now picking up again, pointing to new impetus in demand.
The question: Which trend should you invest in?
The answer: Not in individual commodities, but broadly diversified across specialized mining companies, particularly in the small- and mid-cap segment. These companies benefit disproportionately from rising commodity prices, as their profit margins increase significantly while production costs remain stable. In many cases, this potential has not yet been fully priced into the stock markets.
A fund that specifically benefits from these developments
The Structured Solutions Next Generation Resources Fund (ISIN: HAFX4V) invests globally in a broad selection of such mining stocks, specifically tracking the commodity trends described above.
The current allocation reflects a balanced exposure to gold, silver, copper, and lithium mines. Particularly noteworthy is that the fund management invests exclusively in politically and legally stable countries. Exposures to regions with unstable conditions—such as large parts of Africa, Asia, or South America—and companies with links to child labor or modern slavery are excluded.
Impressive long-term performance
Between July 22, 2015, and July 18, 2025, the fund achieved an average annual performance of 12.51% p.a. (according to the BVI method). The monthly performance for July 2025 (as of July 21) is already 14.20%, which impressively reflects the current momentum of the sectors included in the fund.
Conclusion:
The key to investment success lies in entering the market at the right time – before the broader market follows a trend.
Information about the fund can be found HERE!
Commodity Capital Receives Two Top Ratings from Citywire
Commodity Capital receives two top ratings from Citywire
In the latest Citywire Group Rating for Global Bonds, our company was awarded silver – a distinction that underscores our sound investment strategy and consistently strong performance.
At the same time, our portfolio manager Abid Mukhtar received a personal “A” rating, confirming his ability to deliver stable, risk-adjusted returns over extended periods of time.
Fund under management:
Structured Solutions SICAV – Resource Income Fund
(ISIN: LU1510784512 / WKN: A2AT4F)
The investment objective of the Structured Solutions SICAV – Resource Income Fund is to achieve an attractive return of over 6% per annum by investing in global bonds issued by commodity companies.
You can find out more about Abid Mukhtar's performance and the fund here:
https://citywire.com/selector/manager/abid-mukhtar/d35113 | https://www.commodity-capital.com/de/produkte/structured-solutions-resource-income-fund
We invite you to discuss the opportunities and challenges in the commodity market with us and learn more about our sustainable investment approaches.
Legal notice: This content is for informational purposes only and does not constitute financial advice or investment recommendations. Please consult a qualified financial advisor before making any investment decisions and review the official prospectus and key information document for the fund.
Webinar Recording: Sind Rohstoffanleihen den aktuellen Zeiten gewachsen?
Note: This text is a translation from the original language, German.
The Structured Solutions Resource Income Fund evaluates bonds from commodity companies through the lens of an equity specialist. The management team focuses on high-quality bonds and actively participates in primary issuances—creating opportunities for additional special returns.
In this webinar, we analyzed how this strategy performs in times of economic uncertainty in the U.S. and what opportunities it may present for investors.
Speaker: Dana Kallasch, CEO & Co-Founder, Commodity Capital AG
Moderator: Hans Poschart, Drescher CIE & AG
Fund in Focus: Structured Solutions Resource Income Fund
(WKN: A2AT4F | ISIN: LU1510784512)
If you are ready to rethink bonds, don’t miss the recording!
🔗 Watch the Recording: https://diefondsplattform.de/webinare/detail/structured-solutions-resource-income-fonds
Legal Disclaimer: This content is for informational purposes only and does not constitute financial advice or an investment recommendation. Please consult a qualified financial advisor before making any investment decision and review the official prospectus and the fund’s Key Information Document.
Uranium on the Rise
Note: This text is a translation from the original language, German.
How secure is our energy future—and what role does uranium play in it?
Nuclear energy is experiencing a quiet renaissance, and uranium is becoming a strategic commodity—politically, economically, and for investors. In her guest article for Smart Investor, Dana Kallasch, CEO and co-founder of Commodity Capital AG, explains why uranium is being reevaluated today, how industry players are betting on nuclear power, and what opportunities this presents.
Read the full column below (available only in German)⤵
The Balance Between Ethics and Economics
Note: This text is a translation from the original language, German.
Africa's wealth of vital raw materials is undeniable. From copper and cobalt beneath Congolese soil to gold and lithium in Zimbabwe and the gold mines of Ghana, the continent holds enormous potential to meet the future global demand for critical resources. Despite these promising prospects, we at Commodity Capital AG have made a deliberate decision: We currently invest in mining projects on the African continent only under the strictest conditions and requirements.
This decision is neither ideologically motivated nor a sign that we underestimate Africa’s potential. On the contrary, we are convinced of the long-term importance of African markets. But after years of experience, careful data analysis, and personal on-site inspections, we have come to the conclusion that—for now—the risks, whether political, logistical, or ethical, often outweigh the opportunities. Here’s why:
Let’s start with the political situation. Mining requires reliability. Investors must be able to trust that laws will not change overnight, that permits will not be revoked in the middle of a project, and that conflicts will not bring operations to a halt. Unfortunately, these guarantees are not present in most of the resource-rich countries on the continent. Fluctuating regulations, political instability, and local unrest are recurring issues that can jeopardize even the best-laid plans.
But political risk is only the beginning. The physical infrastructure necessary for large-scale mining—roads, railways, power supply—is often inadequately developed. Without reliable transport routes and energy supply, costs rise sharply. These challenges cannot simply be solved with money; they require time, stable governance, and long-term state capacity for action.
In addition, there are ethical considerations. We cannot ignore the environmental destruction and human rights issues that widely burden the African mining sector. The use of dangerous chemicals, unsafe working conditions, and toxic wastewater are well documented. Beyond environmental risks, child labor and modern slavery are still alarmingly common in Africa. These challenges are not only humanitarian in nature; they also represent significant investment risks. Damage to reputation, protests, and government countermeasures can endanger even technically well-designed projects.
Of course, there are initiatives aimed at addressing these problems. Certification programs like IRMA and the OECD Due Diligence Guidelines are steps in the right direction. Some countries—such as Botswana and Namibia—have already made significant progress in governance, transparency, and environmental protection. We explicitly acknowledge these successes and are therefore taking a closer look at one or two projects. However, isolated advances cannot yet offset the overall systemic fragility in large parts of Africa.
In contrast stand rule-of-law countries like Canada and Australia, where law enforcement is stable, approval processes are transparent, and environmental standards are strict. For investors committed to sustainability—not just profit—such frameworks are more compatible with a long-term strategy and ethical responsibility.
To be clear: We are not ruling out future investments in Africa. Quite the opposite: we are closely monitoring current developments and are hopeful for positive changes. But responsible investing also means knowing when to say “no”—and why. And until a more reliable foundation is in place, we will remain on the sidelines—not out of fear, but out of conviction.
Below is a link to an informative video that vividly illustrates the ethical challenges in the African mining sector:
Uranium on the Rise: A Strategic Raw Material Caught Between Climate Targets, Digitalization, and Energy Policy
Note: This text is a translation from the original language, German.
Uranium is quietly but noticeably gaining strategic importance amid climate targets, digitalization, and energy policy.
In an article published on June 10, 2025, Dana Kallasch, CEO and co-founder of Commodity Capital, assesses the current development of this commodity: “Uranium on the rise: A strategic commodity caught between climate targets, digitalization, and energy policy.”
Click here for the full article (available only in German): https://www.zaster-magazin.de/uran-im-aufwind-strategischer-rohstoff-zwischen-klimazielen-digitalisierung-und-energiepolitik/
Legal notice: This content is for informational purposes only and does not constitute financial advice or investment recommendations. Please consult a qualified financial advisor before making any investment decisions and review the official prospectus and key information document for the fund.
Why Consider Mining Stocks Now? – A Strategic Opportunity for Commodity Investors
Note: This text is a translation from the original language, German.
Commodity Capital Global Mining Fund as a Targeted Solution for the New Commodity Era
June 2025 offers investors an exceptionally favorable opportunity to take targeted positions in the commodity sector – particularly through specialized mining funds like the Commodity Capital Global Mining Fund. The combination of a monetary policy shift, geopolitical tensions, rising commodity demand, and attractive valuations makes mining stocks a highly compelling investment theme at present.
Interest Rate Turn and Weaker U.S. Dollar: Tailwind for Commodities
Major central banks – led by the U.S. Federal Reserve – are currently initiating a shift towards monetary easing. Initial interest rate cuts have occurred or are within reach. Historically, such policy shifts have often led to a weaker U.S. dollar and rising commodity prices. For mining companies that sell their products in U.S. dollars, this potentially means higher revenues and improved margins – a development from which mining funds can benefit significantly.
Gold as Crisis Hedge – With Leverage via Mining Stocks
The gold price has surged in recent months – driven by geopolitical tensions (Ukraine, Middle East, Taiwan), rising debt levels, and a growing desire among investors for safe-haven assets. Gold mining companies tend to respond disproportionately to rising gold prices, as their production costs remain relatively stable. The Commodity Capital Global Mining Fund strategically takes advantage of this leverage by selectively investing in gold and precious metals mines – with a focus on quality and sustainable extraction.
The Energy Transition as a Commodity Driver
The global shift toward electric mobility, renewable energy, and green infrastructure is steadily increasing demand for industrial metals such as copper, lithium, nickel, and cobalt. Many of these resources are scarce, and developing new deposits requires significant capital and time. The market is only beginning to recognize these long-term supply bottlenecks. The Commodity Capital Global Mining Fund anticipated this trend early and invests strategically in producers and developers of these strategic raw materials.
Undervalued Sector with Potential
While technology stocks are often trading at extremely high valuations, mining stocks are currently significantly undervalued – often despite solid earnings and attractive dividend yields. This valuation gap presents opportunities for active fund managers like Commodity Capital to identify undervalued stocks early and make them accessible to investors.
Commodity Capital Global Mining Fund – Active Management with Expertise
The Commodity Capital Global Mining Fund provides investors with focused access to the global commodity sector – using an active, research-driven investment approach. The fund management team selectively invests in mining companies along the entire value chain – from exploration firms to established producers. The fund considers both fundamental metrics and ESG criteria, favoring companies with sustainable business models and long-term growth potential.
Fund Highlights:
- Focus on precious and industrial metal mines worldwide
- Active stock picking with commodity expertise
- Consideration of environmental and social criteria
- Diversified portfolio including early-stage projects and established producers
- Solid performance with limited volatility
Conclusion: Time to Invest – In a Dynamic Sector with Structural Tailwinds
June 2025 marks an ideal time to position oneself in the commodity sector. The combination of macroeconomic tailwinds, structurally growing demand, and attractive valuations creates an excellent environment for mining stocks – and thus for funds like the Commodity Capital Global Mining Fund. Investors looking to diversify their portfolio and benefit from the new commodity cycle should give serious consideration to this fund now.
Legal Notice: This content is for informational purposes only and does not constitute financial advice or an investment recommendation. Please consult a qualified financial advisor before making any investment decisions and review the fund's official prospectus and key investor information document.
Webinar Recording: "A Golden Future for Mining Stocks?"
Note: This text is a translation from the original language, German.
The price of gold has been steadily reaching new highs since fall 2022. Gold is increasingly in demand as a crisis currency - both from central banks and private investors. At the same time, demand for precious metals is rising, including in the high-tech sector, in artificial intelligence (big data centers) and in renewable energies. However, despite the high demand for precious and base metals, mining stocks have not yet been able to benefit to the same extent. Could now be the right time to get in? Find out what prospects there are for investors.
The FondsKonzept AG webinar sheds light on these and other questions (available only in German):
https://register.gotowebinar.com/recording/8289943187230432688
Speaker: Michael Kopf, Sales Manager for Germany & Austria, Commodity Capital AG
The focus is on the Commodity Capital Global Mining Fund (WKN: A0YDDD | ISIN: LU0459291166)
Legal notice:
This presentation is for informational purposes only and does not constitute investment advice. Please carefully read the prospectus and KID of the funds. The content reflects the current assessment of Commodity Capital AG and may change. No liability is accepted for accuracy or completeness. Past performance is not a guarantee of future results.
Market Commentary: Bond Markets Under Pressure - Political Uncertainty as a Driving Factor
(on 24.04.2025 by Abid Mukhtar, Portfolio Manager at Commodity Capital)
Beyond surface-level causes, one factor is proving especially influential:
While the weaker US dollar may be a factor, it contributes only marginally to the recent decline in bond prices. The main reason appears to be the increased uncertainty associated with the Trump administration and the unpredictability of its political direction.
The rise in yields on US government bonds this week—particularly on Wednesday—has led to a drop in bond prices, with longer-term bonds experiencing greater losses. Investors are clearly bracing for increased volatility in 2025 and are trying to anticipate the government's next steps.
Rising yields naturally lead to falling bond prices, which negatively affects existing bond portfolios and their valuations, as we've seen in our bond fund. For investors without existing bond holdings, this could represent an attractive buying opportunity. However, for already invested investors, the recent developments are less favorable.
This tension underscores the friction between former President Trump and US Federal Reserve Chairman Jerome Powell. Trump has been vocal in calling for interest rate cuts, hoping such measures would trigger a recovery in stock and bond markets. However, such a move is likely to have only temporary effects. If the government truly wants to restore market confidence, it must make its policy direction clearer and more consistent. Sudden changes in course and strategy only further unsettle investors, which is also evident in the markets.
The US dollar has long served as the world’s reserve currency, but this period of instability could prompt global investors to consider alternatives and possibly favor European investments or other regions perceived as more stable.
We expect a highly volatile bond market in the coming year, with sharp price increases and declines. In such an environment, timing transactions—especially for bond funds—is difficult. However, the underlying securities continue to pay interest, which is positive. For long-term investors, like our bond fund, the best strategy might be to hold positions until maturity or wait for a favorable price increase before exiting—though the timing of such a recovery remains uncertain. A bumpy ride lies ahead, and strategic patience will be key.
Our Structured Solution Resource Income Fund has historically offered a strong risk/reward profile and is suitable for conservative portfolios. Weaker days could be purposefully used to build positions.
We offer the following share classes in the “Structured Solution Resource Income Fund”:
- Private Investors (EUR): ISIN: LU1510784512 | WKN: A2AT4F
- Institutional Investors (EUR): ISIN: LU1858158972
- Institutional Investors (EUR) – Clean Share Class: ISIN: LU1858159194
The Commodity Capital AG team is happy to assist you with any questions at Tel. +41 78 661 3991 or by email at info@commodity-capital.com.
Legal Disclaimer: This content is for informational purposes only and does not constitute financial advice or an investment recommendation. Please consult a qualified financial advisor before making any investment decisions and review the official prospectus and key investor information document of the fund.
Market Update April 2025: Navigating Uncertainty and Recognizing Opportunities
Note: This text is a translation from the original language, German.
Last week's market volatility was strongly driven by political uncertainty. Markets can handle negative news – provided there is consistency. Currently, however, the environment is characterized less by clarity than by unpredictability. President Trump's approach – with frequent changes of direction, sometimes within a few hours – has undermined investors' ability to plan ahead. This inconsistency is leading to erratic movements in the major indices and their individual stocks.
At the same time, this environment is creating targeted opportunities. Stocks that had previously performed strongly and no longer offered attractive entry points are again opening up interesting possibilities as a result of price declines. For example, Aya Gold & Silver had been on our watchlist for some time. The recent market weakness allowed us to enter the stock at USD 9 – just a few days later, the stock was trading 22% higher. This confirms our approach of taking advantage of weakness in companies with high conviction.
The strong market reaction to the temporary suspension of planned tariff increases again demonstrates the extent of the uncertainty. Since I entered the capital markets in 1996, I have rarely experienced a comparable upward movement in just one day. The loss of confidence in the stability of US politics has also supported the price of gold – we expect gold mining stocks to continue to rise and to align with the strength of the underlying asset.
Even President Trump's recent comments about possible territory acquisitions – such as Greenland or parts of Canada – can hardly be explained by “national security” alone. In our view, the main issue is access to raw materials such as gold, silver, copper and other critical resources. This is a driver that should support the entire commodities sector in the long term.
The 90-day tariff delay looks like a short-term “postponement of the problem”. Our hope is that during this period the US administration will restore its credibility and reach viable, mutually beneficial agreements with trading partners.
The trade tensions between the US and China remain a key issue. Although we expect this to be resolved at a later stage, the market needs one thing above all: clarity – in the form of a timeline and the certainty that agreements will not be revoked at short notice. Stability and reliability are essential to regain trust and orderly market behavior.
– Fund Management Team, Commodity Capital
Legal Disclaimer: This content is provided for information purposes only and does not constitute financial advice or an investment recommendation. Please consult a qualified financial advisor and review the official prospectus and key information document of the fund before making an investment decision.
