The 12 UCITS ETFs in the AI model

• SXR8

  XETRA

  EquitiesTER 0.07%

  iShares Core S&P 500 UCITS ETF (Acc)

  ISIN: IE00B5BMR087

  Tracks the S&P 500 index, the 500 largest US companies by market cap. The global benchmark for US equities, covering technology, healthcare, consumer goods, and industrials.

  Moves with

  US macro dataCorporate earningsFed monetary policyGlobal sentimentUS Dollar

  Portfolio role

  Core exposure to US equities. It enters the model portfolio when it ranks among the month's three best-signal ETFs.

• IMEU

  Euronext Amsterdam

  EquitiesTER 0.12%

  iShares Core MSCI Europe UCITS ETF (Acc)

  ISIN: IE00B1YZSC51

  Groups 400+ companies from 15 developed European countries: Germany, France, UK, Switzerland and Netherlands. Cross-border diversification with multi-currency exposure (EUR, GBP, CHF).

  Moves with

  European economic cycleECB interest ratesEUR/USDRegional geopoliticsExports

  Portfolio role

  Geographic diversification within developed equities. Complements SXR8 when Europe outperforms the US.

• EMIM

  Euronext Amsterdam

  EquitiesTER 0.18%

  iShares Core MSCI EM IMI UCITS ETF (Acc)

  ISIN: IE00BKM4GZ66

  Covers 3,000+ securities from emerging markets: China, India, Brazil, Taiwan and South Korea. IMI (Investable Market Index) includes small caps, maximizing coverage of the EM universe.

  Moves with

  China growthCommoditiesDXY (strong dollar is negative)Global capital flowsLocal policy reforms

  Portfolio role

  Growth differential premium with higher volatility. Its higher volatility lowers its weight when it enters the top-3 (inverse-volatility weights).

• IWDP

  Euronext Amsterdam

  Real AssetsTER 0.59%

  iShares Developed Markets Property Yield UCITS ETF

  ISIN: IE00B1FZS350

  Invests in REITs (Real Estate Investment Trusts) from developed markets: US, Japan, Australia, UK and Hong Kong. Generates income via real estate dividends and provides exposure to tangible assets.

  Moves with

  Real interest ratesInflationMortgage marketReal estate demandREIT dividends

  Portfolio role

  Real asset with high inflation correlation. Adds yield and partial decorrelation from pure equities.

• XDEV

  XETRA

  EquitiesTER 0.15%

  Xtrackers MSCI World ex USA Swap UCITS ETF

  ISIN: IE00BL25JM42

  Exposure to global equities excluding the US: Europe, Japan, Canada, Australia and developed Asian markets. Covers the 'developed world ex-US' universe in a single position.

  Moves with

  Global ex-US cycleBoJ and ECB policyJPY and EUR vs USDRelative valuationsInternational trade

  Portfolio role

  Reduces US concentration. Useful when US valuations are high or the dollar weakens.

• EUNH

  XETRA

  Fixed IncomeTER 0.09%

  iShares Euro Government Bond UCITS ETF (Dist)

  ISIN: IE00B4WXJJ64

  Eurozone sovereign fixed income: Germany, France, Italy, Spain and other euro area countries. Medium-high duration (~7-8 years). Safe-haven and portfolio stabilizer in market stress periods.

  Moves with

  ECB decisionsEuropean inflationSovereign spreads (BTP-Bund)Global risk appetiteRate cycle

  Portfolio role

  Defensive haven. It enters the model portfolio when its signal ranks among the month's top three.

• IEAC

  Euronext Amsterdam

  Fixed IncomeTER 0.20%

  iShares Core Euro Corporate Bond UCITS ETF (Dist)

  ISIN: IE00B3F81R35

  Investment-grade corporate bonds denominated in euros. High-quality issuers (BBB- or better). Higher yield than sovereign bonds while maintaining moderate credit risk.

  Moves with

  Credit spreadsCorporate financial healthECB (bond purchases)Default expectationsEuropean economic cycle

  Portfolio role

  Higher-yield fixed income with lower volatility than equities. It can enter the model portfolio if its signal ranks among the month's top three.

• 4GLD

  XETRA

  AlternativeTER —

  Xetra-Gold ETC

  ISIN: DE000A0S9GB0

  ETC (Exchange Traded Commodity) backed 1:1 by physical gold stored in Frankfurt. Each unit equals 1 gram of gold. Investors may request physical gold delivery at any time.

  Moves with

  Real interest rates (inverse)DXY (strong dollar is negative)Inflation hedgeGeopolitical uncertaintyCentral bank purchases

  Portfolio role

  Safe haven and inflation hedge. The model raises allocation during high-uncertainty and risk-off episodes.

• EQQQ

  Borsa Italiana (Milano)

  EquitiesTER 0.30%

  Invesco EQQQ NASDAQ-100 UCITS ETF (Dist)

  ISIN: IE0032077012

  Tracks the Nasdaq-100, concentrated in US large-cap growth and technology. Adds direct exposure to innovative mega-caps and earnings expansion cycles.

  Moves with

  US real ratesMega-cap tech earningsGrowth valuation multiplesGlobal risk sentimentUS Dollar

  Portfolio role

  Tactical growth sleeve to capture momentum in risk-on cycles. The model cuts it faster during valuation-compression phases.

• IS3R

  XETRA

  EquitiesTER 0.30%

  iShares Edge MSCI World Momentum Factor UCITS ETF

  ISIN: IE00BP3QZ825

  Global factor ETF focused on companies with sustained positive momentum. Introduces a systematic tilt toward strong trends within the MSCI World universe.

  Moves with

  Trend persistenceGrowth/value factor rotationVolatility regimeQuant flowsGlobal liquidity

  Portfolio role

  Momentum-factor accelerator to reinforce leadership assets when market dispersion rises.

• XRS2

  XETRA

  EquitiesTER 0.30%

  Xtrackers Russell 2000 UCITS ETF 1C

  ISIN: IE00BJZ2DD79

  US small-cap exposure through the Russell 2000. More sensitive to the domestic cycle, financial conditions, and shifts in risk appetite.

  Moves with

  Credit conditionsUS domestic growthFunding costsRecession riskSmall-cap flows

  Portfolio role

  Size diversification versus mega caps; useful when US domestic breadth leads.

• EXH1

  XETRA

  EquitiesTER 0.47%

  iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE)

  ISIN: DE000A0H08M3

  European energy sector ETF (oil & gas) with exposure to integrated majors and the energy supply chain.

  Moves with

  Crude oil priceNatural gas priceRefining marginsGeopolitical riskEuropean energy policy

  Portfolio role

  Cyclical sector tilt and partial hedge during energy/inflation shocks.

* Equivalencies are approximate. They may differ in index coverage, base currency, and fees.