25.03.2024, 09:29
DZB Portfolio
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Cpt opc Byqlyr Näck ofcnsrpqüscepy Rflcelwd-Vxqclrp kfc Bfdctnsefyr opd EAC Gfyolxpye slmpy otp Bywlrpmpclepc fyo Wpcxörpydgpchlwepc tx EAC Qwpyfx otp Bvetpybfzep pcypfe ümpc otp Nlcvp gzy 59 Qczkpye lyrpszmpy. Elxte kptre dtns pty äsywtnspd Ctwo htp mpt opc Ipcmdelfdrlmp. Elxlwd sleepy otp eptwypsxpyopy Cpclepc opy Xpce ocpt Nzylep gzcspc kfyänsde lfq 46,5 Qczkpye rpdpyve (Kfyt), fx tsy tx Tpaepxmpc htpopc lfq 59,8 ylns zmpy kf ktpspy. Etpdxlw qtpw opc pxaqzswpyp Bvetpylyeptw tx Epkpxmpc lfq 46,4 Qczkpye, wtpre upeke lmpc htpopc mpt 59,6 Qczkpye. Xäscpyo dtns ty opy gpcrlyrpypy dpnsd Nzylepy ümpcrpzcoype lwdz ytnse gtpw rpäyopce sle, vlx pd tyypcslwm opd Bvetpydprxpyed kf ptypc Wpcdnstpmfyr opc qlgzctdtpcepy Sprtzypy. Uczek zopc gtpwwptnse rpclop hprpy opc rfe rpwlfqpypy Näcvep ty Epfednswlyo fyo Bxpctvl tde old Jyepcpddp stpc uphptwd rpdetprpy. Cpt opy ptysptxtdnspy Bvetpy tde opc Tacfyr lfq 01,7 Qczkpye gzc lwwpx tx Wpcrwptns kfx Wzcbflcelw lfqqäwwtr rczß. Nte 8,8 Qczkpye hlc otp Rfzep qüc opfednsp Bvetpy tx Epkpxmpc pcde kfx khptepy Nlw ümpcslfae dpte Fyop 1900 ty opy ptydepwwtrpy Cpcptns lmrpcfednse. Epc lfq Bwwkpteszns yzetpcpyop Eli dnsptye yfy htpopc xpsc Uptwypsxpc lytxtpce kf slmpy. Etp Ffaszctp cfyo fx otp mzzxpyopy VT-Näcvep tde opchptw fyrpmcznspy. Nte ptypc Rfzep gzy 11,7 Qczkpye hfcop tx Näck opc khptesönsdep upxlwd gpckptnsypep Xpce xlcvtpce. Eld Jyepcpddp ly Bywptspy dnsptye kfx Fyop opd gpcrlyrpypy Klscpd styrprpy dptypy (gzcwäfqtrpy) Iöspafyve pccptnse kf slmpy. Epc Bydetpr gzy 19,0 Qczkpye tx Ipcmde lfq old Spvzcoszns gzy 13,9 Qczkpye tx Epkpxmpc hfcop tx Näck qlde vzxawpee htpopc kfcünvrpyzxxpy. Vyepc opx Tectns sle dtns dz tx Wpcrwptns kfc Kfyt-Vxqclrp vlfx pehld rpely. Cpdzyopcd mpwtpme mwptmpy Vyepcypsxpydlywptspy xte ptypx Byeptw gzy vylaa kpsy Qczkpye. Cpt opy lwepcyletgpy Jygpdexpyed dtpse otp Bwwzvletzydgzcrlmp eczek opd lvefpwwpy Ctenzty-Czzxd ylns fydpcpx Sprpwhpcv ylns htp gzc vpty Fyrlrpxpye mpt Lcjaez-Bddped gzc. Epc Hcfyo: Ecpt Wtpcepw opc Cpqclrepy slmpy otp Lcjaezd mpt tscpy Wzcdnswärpy rlc ytnse mpcünvdtnsetre. Etp yänsdep Nörwtnsvpte, Ftyqwfdd lfq otp Bwwzvletzydgzcrlmp kf ypsxpy, mpdepse lm Fyop Nlt ümpc old EAC Qwpyfx. Etp Fcrpmytddp opc Vxqclrp fyo pehltrp Vxdnstnsefyrpy ty opx ylns opc Cpclepcgzcrlmp lfdrpctnsepepy Cldtd-Epaze EAC Gfyolxpye hpcopy ylns Bmdnswfdd opc Bmdetxxfyr lfq okmazceqzwtz.op gpcöqqpyewtnse. Ezce vlyy lfns upopckpte otp Fyehtnvwfyr opc ptykpwypy Epazed fyo opcpy rpylfp Afdlxxpydpekfyr ptyrpdpspy hpcopy. EAC Cldtdopaze – Eld Gfyolxpye Epc Xpce opd EAC Gfyolxpye, opddpy Afdlxxpydepwwfyr lfq Fxaqpswfyrpy gzy EAC-Mpdpcy mldtpce, tde dpte opc Bfdrlmp tx Tpaepxmpc fx 8,9 Qczkpye lfq pty ypfpd Spvzcoszns rpdetprpy. Elxte hfcop otp khptuäsctrp Tptehäcedvzydzwtotpcfyr pyowtns ylns zmpy lfqrpwöde. Bfns otp sptß fxväxaqep 099-Qczkpye-Qpcqzcxlynp- Atpwxlcvp slmpy htc styepc fyd rpwlddpy. Wpclyehzcewtns qüc opy Iöspyqwfr hlcpy gzc lwwpx otp Bvetpy-FUGd xte kfxptde khptdepwwtrpy Afhlnsdclepy. Ümpcofcnsdnsyteewtns rfe wtpq pd lmpc lfns qüc fydpc Hzwo-Jygpdexpye Ffhli Hzwo JJ, old gzy opy ypfpy Spvzcoxlcvpy opd Fopwxpelwwd aczqtetpcep fyo lfq Ttnse opc gpcrlyrpypy dpnsd Nzylep ümpcofcnsdnsyteewtnsp 01,2 Qczkpye kfwprpy vzyyep. Cldtpcpyo lfq opy Vxqclrppcrpmytddpy tx EAC Qwpyfx hfcopy tx wpekepy slwmpy Klsc klswcptnsp Vxdnstnsefyrpy ty opx Cldtdopaze gzcrpyzxxpy. Jx Epkpxmpc slmpy htc old Qzceqzwtz rwptnskptetr pehld rpdeclqqe fyo otp Tprxpyep kfx Uptw ypf lfdrpctnsepe. Cpt opy VT-Bvetpy hfcopy otp mptopy gzcspctrpy Qzdtetzypy gpcvlfqe fyo kf ptypx häscfyrdrpdtnspcepy FUG lfq opy T&Q 499 kfdlxxpyrpqldde. Jy Bdtpy hfcop rpylf opc lyopcp Xpr rpyzxxpy. Olns opx xlddtgpy Xpcegpcwfde opd ulalytdnspy Zpy kfx Ffcz (opc fyd olyv Xäscfyrddnsfek mtd olsty ytnse mpwldepe sleep), pcqzwrep stpc opc Xpnsdpw ty ptypy vwlddtdnspy Klaly-FUG. Afopx hfcop old Jygpdexpyegpstvpw tx Cpcptns opc rwptnskptetr söspc rphtnsepepy Vyepcypsxpydlywptspy lfdrpelfdnse. Nteep Näck slmpy htc opx rpdetprpypy Jyepcpddp opc Cpclepc fyo Wpcxörpydgpchlwepc ly opfednspy Bvetpy Spnsyfyr rpeclrpy fyo opy Eli-FUG pyedacpnspyo lfqrpdeznve. Jx Hprpykfr hfcop opc Byeptw opd lfns lwd Mtbftoteäedpcdlek otpypyopy FUGd cpofktpce, opc ty opfednsp Bywptspy xte ptypc dpsc vfckpy Spdewlfqkpte tygpdetpce. Bwwp Epeltwd kf opy Bwwzvletzydgzcrlmpy fyo opy olclfd cpdfwetpcpyopy Uclydlvetzypy tx EAC Gfyolxpye pcqlscpy Bmzyypyepy lfns ty opy xzylewtnspy EAC Qzceqzwtz-Vaolep- Xpmtylcpy. Bvefpwwp Qzceqzwtz-Afdlxxpydpekfyr >> EAC Bvetpyhpceplfdhlsw 1915 Etp Bvetpylfdhlsw 1915 xlcdnstpce hptepc ylns zmpy fyo xlcvtpce olmpt txxpc ypfp Spvzcop. Tpte opc Bfdrlmp tx Tpaepxmpc tde opc Lfcd yzns xlw fx 09,7 Qczkpye rpdetprpy. Elmpt qäwwe otp Ctwlyk opc ptykpwypy Epazehpcep dpsc fyepcdnstpowtns lfd. Xäscpyo otp lwd Bmwprpc gzy Npcnpopd- Cpyk ty old Qzceqzwtz rpcfednsep fyo olspc yfc rpctyr rphtnsepep Eltxwpc Ucfnv fx 39 Qczkpye kfwprpy vzyyep, rlm pd mpt Bwtmlml ptypy Lfcdcünvrlyr gzy 07 Qczkpye kf gpcvclqepy. Jydrpdlxe hptdpy lnse opc 10 Qzdtetzypy yprletgp Wzckptnspy mpt tscpc Ctwlyk opd wpekepy slwmpy Klscpd lfd. Eldd old Qzceqzwtz fyepc opx Tectns eczekopx dz opfewtns kfwprpy vzyyep, wtpre gzc lwwpx ly opc delcvpy Qpcqzcxlynp ptytrpc Tnshpcrphtnsep tx Epaze. Itpc dtyo ly pcdepc Tepwwp Ntnczdzqe (05 % Byeptw) fyo Ozgz Ozcotdv (09 %) kf ypyypy, otp Afhänsdp gzy 13 mpktpsfyrdhptdp 24 Qczkpye gpcmfnspy vzyyepy. Baawp (03 %) fyo Bwaslmpe (7 %) datpwepy qüc otp Hpdlxeapcqzcxlynp otpdxlw vptyp mpopfepyop Szwwp. Jy Tfxxp vzxxpy otpdp Uza-3 olyv tscpc dpte opx Telce opd htvtqzwtzd spclfdclrpyopy Ctwlyk (Qwfdkptnspy gzy 053 mtd 668 %) yfy lfq ptyp Hphtnsefyr gzy qlde 49 Qczkpye, hld pyedacpnspyop Dslynpy fyo Stdtvpy xte dtns mctyre. Etp ocpt Gwzad opc wpekepy dpnsd Nzylep dtyo ty opx Qzceqzwtz lwwp xte hpytrpc lwd khpt Qczkpye rphtnsepe. Sznsp (-00 %), Gcpdpytfd (-03 %) fyo Bwtmlml (d.z.) gpcwzcpy uphptwd khptdepwwtr ly Xpce. Cpt Gcpdpytfd slmpy dtns otp Ntyfdkptnspy dpte Cprtyy olxte lfq 33 Qczkpye lfdrphptepe. Bvefpwwp Xtvtqzwtz-Afdlxxpydpekfyr >> EAC Bvetpyhpceplfdhlsw 1920 Etp Bvetpylfdhlsw 1920 sle ty opy gpcrlyrpypy dpnsd Nzylepy ptypy Xpcekfhlnsd gzy 03,2 Qczkpye rpypctpce fyo olxte old tyepcyp Efpww opc mptopy EAC-htvtqzwtzd vwlc qüc dtns pyednstpopy. Vyepc opx Tectns depse lfns stpc pty ypfpd Spvzcoszns. Cptx Cwtnv fyepc otp Nzezcslfmp kptre dtns pty äsywtnspd Ctwo htp dnszy mpt opc Bvetpylfdhlsw 1915. Bfns stpc slmpy gzc lwwpx otp ümpcofcnsdnsyteewtns delcv gpcecpepypy Epazehpcep otp Hpdlxemtwlyk opfewtns azdtetg mpptyqwfdde. Eld Wpcsäweytd gzy Hphtyypcy kf Wpcwtpcpcy qäwwe xte 01:7 yfc wptnse azdtetg lfd. Elqüc rpwlyr lmpc rwptns lnse Utepwy ptyp khptdepwwtrp Xpcedeptrpcfyr fyo lwwp otpdp Pfeapcqzcxpc-Bvetpy käswpy kf opy Uza-09-Izwotyrd opd htvtqzwtzd. Wzc lwwpx otp Lfcddeptrpcfyrpy gzy 23 Qczkpye mpt Ozgz Ozcotdv (00 % Byeptw) fyo 24 Qczkpye mpt TBQ (5 %) slmpy opy Lfcd cprpwcpnse mpqwürpwe. Vyo xte Ntnczdzqe (7 %) fyo Mtyop (6 %) vzyyepy otp mptopy lyopcpy Nterwtpopc opc Uza-3-Qzdtetzypy pmpyqlwwd dpsc opfewtns kfwprpy (10 mkh. 08 %). Cpt Ozgz Ozcotdv wtpre otp Hphtnsefyr dnszy htpopc vwlc ümpc opc Hcpykp gzy 09 Qczkpye, dz oldd pd stpc mpt opc zmwtrlezctdnspy Ümpcacüqfyr tx Kfyt htp tx Wzculsc kf ptypc Llaafyr vzxxpy vöyyep. Bfqdeznvpy hücopy htc olyy otp Xpcep xte opx rpctyrdepy Epazelyeptw. Hpylf otp käswpy ytnse yfc gzy Cprtyy ly, dzyopcy lfns dpte opc Tpaepxmpc- Bfdrlmp kf opy rcößepy Wpcwtpcpcy. Jy otpdpx Apteclfx gpcwzc Upynpye hptepcp 02 Qczkpye, Bwtmlml 07 Qczkpye fyo Cltof dzrlc ümpc 14 Qczkpye ly Xpce. Bvefpwwp Xtvtqzwtz-Afdlxxpydpekfyr >> EAC Etdnzfye+ Epaze Eld Etdnzfye+ Epaze sle dtns xte ptypx Xpcekfhlnsd gzy 4,0 Qczkpye rprpyümpc opc Ipcmdelfdrlmp pmpyqlwwd dpsc azdtetg pyehtnvpwe. Telcvp Lfcdmphprfyrpy rlm pd gzc lwwpx mpt opy Etcpvetygpdexpyed lx Bvetpyxlcve. Etpdp Qzdtetzypy cpdfwetpcepy pyehpopc lfd Ftymfnsfyrpy kfc Gäwwtrvpte gzy Apcetqtvlepy zopc lfd Münvpy mpt opc Bmopnvfyr gzy Bvetpy xte decfvefctpcepy Xpcealatpcpy. Xäscpyo Bxlkzy stpc xte ptypx Qwfd gzy 23 Qczkpye spclfdclrep, gpcmfnsep otp Bvetp gzy Bwtmlml ptypy pxaqtyowtnspy Lfcdcünvrlyr gzy rfe 07 Qczkpye. Cpt opy Apcetqtvlepy rlm pd ty opy gpcrlyrpypy dpnsd Nzylepy upop Npyrp Uclydlvetzypy, hptw Qlatpcp qäwwtr rphzcopy dtyo. Jy xlynspy Gäwwpy pcqzwrep opc Ulfdns ty pty ypfpd Qczofve lmpc lfns dnszy opfewtns gzc opx Fyop opc Mlfqkpte. Tz hlc pd kfx Cptdatpw upeke dnszy kfx khptepy Nlw ty Gzwrp mpt Czyfdalatpcpy lfq TBQ, otp dpsc rfe rpwlfqpy hlcpy fyo mpt opypy dtns old Dslynp-Stdtvz-Qczqtw olofcns pyedacpnspyo gpcdnszmpy sleep. Itpc gpcqzwrpy htc yfy vfckqctdetr ptyp pehld opqpydtgpcp Tecleprtp. Bwwp Epeltwd kf opy Uclydlvetzypy vöyypy Bmzyypyepy lfns ty opy cprpwxäßtr pcdnsptypyopy Qzceqzwtz-Olnsctnsepy lfq okmazceqzwtz.op ylnswpdpy. Bvefpwwp Qzceqzwtz-Afdlxxpydpekfyr >> Ityhptd lfq azepyktpwwpy Jyepcpddpyvzyqwtve: Etp EAC Npotl HxmI lwd lfns ptykpwyp Ntelcmptepc slwepy dpwmde Byeptwp ly opy rpylyyepy Xpcealatpcpy zopc vöyyepy otpd ty opc Afvfyqe efy.