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It’s impossible for anyone to predict exactly how the future will look. However, there are some emerging developments that have the potential to","type":"text"},{"text":" fundamentally change the world in a lasting way ","type":"text","marks":[{"type":"bold"}]},{"text":"– so-called megatrends. Megatrends affect more than just a few specific areas: They have an impact at all levels of society and on individuals as well.","type":"text"}]},{"type":"paragraph","content":[{"text":"Megatrends don't just affect a few specific areas, they impact all levels of society, including individuals. To keep up with the future, companies need to quickly respond to these developments or ideally anticipate them. Companies that achieve this are of great interest to investors because they represent future viability and growth. 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The equity markets have been characterised by substantial price volatility in recent years, and this is expected to continue in the future, as well. While technological change is driving growth, it can also very quickly disrupt or destroy companies’ market positions. Intense competition can lead to oversaturation of the markets and subsequently to declining corporate earnings and stock prices. Regulatory interventions can also significantly change the business environment. Some companies will still need a long time before they generate profits. These companies’ stock prices are often susceptible to setbacks in the event of significant increases in interest rates. 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This subtrend thus plays a key role in the transition to a clean, low-carbon economy and society.