The DJE Gold & Stabilitätsfonds combines equities, bonds and gold in a balanced portfolio designed to generate positive absolute returns over the medium term, preserve purchasing power over the long term and cushion volatility through a carefully calibrated asset allocation.
The DJE Gold & Stabilitätsfonds is a balanced multi-asset fund whose profile is not defined solely by defensive equities or bonds. Its distinguishing feature is the role of gold. Up to 30% of the fund’s assets may be invested directly in physically backed gold, with scope for additional gold exposure through securitised instruments. This gives the fund a clear point of differentiation within its peer group.
At the same time, the strategy remains broadly diversified. Fund manager Stefan Breintner, who has managed the fund since early 2010, combines gold with equities and bonds in pursuit of an objective that is particularly relevant in the current environment: generating positive absolute returns over the medium term while providing investors with long-term protection against inflation. The aim is not to attract attention through spectacular swings, but to structure assets in a way that captures return opportunities without losing sight of portfolio stability.
A fund for a more complex market environment
This also explains why the strategy deserves particular attention at present. While markets continue to offer opportunities, they are also shaped by risks that call for a more differentiated investment approach. Geopolitical tensions, oil-price risks, the debate over a potential resurgence in inflation and elevated valuations in certain market segments are weighing on the overall risk–reward profile. At the same time, selected technology and AI stocks continue to offer potential, as do energy companies that may benefit from rising prices. In this environment, there is a strong case for a portfolio that combines several asset classes rather than relying on a single investment thesis. Such an approach is becoming increasingly attractive, particularly for investors who neither want to make one large, concentrated bet nor withdraw from the market altogether.
How the portfolio combines its asset classes
This is precisely where the DJE Gold & Stabilitätsfonds comes in. Gold is more than just a portfolio stabiliser: demand for the precious metal tends to increase during periods of heightened geopolitical tension, as many investors regard it as a safe haven and a counterweight to stock-market losses. Equities provide return potential, while high-quality bonds add structure and predictability. Around half of the fund’s assets are invested in equities that the management team believes offer tangible-asset characteristics and stability. These include Holcim, Eli Lilly and Siemens, as well as semiconductor companies ASML and TSMC. The portfolio also holds high-quality bonds, including sovereign debt and securities issued by companies such as Anglo American, Eon, McDonald’s and Meta Platforms. The result is a portfolio designed not to capture short-term effects, but to provide a robust framework for long-term wealth creation.
A balanced approach with a proven competitive edge
This is what makes the fund particularly compelling in the current environment. As markets become more challenging, balance becomes increasingly valuable. This is fully aligned with the fund’s investment philosophy: its strength lies not in taking an extreme position, but in maintaining a clearly calibrated mix of assets. Its recent performance relative to peers demonstrates that this approach can also hold its own in a competitive context. In the latest analysis by DAS INVESTMENT, the DJE Gold & Stabilitätsfonds ranked first in the balanced multi-asset fund category over a three-year period at the beginning of March.*
The DJE Gold & Stabilitätsfonds therefore offers a core investment solution for investors seeking a balanced approach to wealth management without foregoing a distinctive source of stability. Gold, equities and bonds are not simply combined; they are integrated into a coherent investment strategy whose qualities become particularly evident in more complex market conditions.
View the DJE Gold & Stabilitätsfonds profile
Source: Das Investment. March 6, 2026. Read the article.
Legal Notices:
This is a marketing advertisement. Please read the prospectus for the relevant fund and the PRIIPs KID before making a final investment decision. These documents also contain detailed information on opportunities and risks. These documents are available free of charge in German at www.dje.de under the relevant fund. A summary of investor rights is available free of charge in German in electronic form on the website at www.dje.de/zusammenfassung-der-anlegerrechte. All information published here is provided for informational purposes only, is subject to change at any time, and does not constitute investment advice or any other recommendation. The statements contained in this video reflect the current assessment of DJE Kapital AG. The opinions expressed are subject to change at any time without prior notice. All information provided has been prepared with due care based on the knowledge available at the time of preparation. However, no guarantee or liability can be assumed for its accuracy or completeness.