The equities of Partners Group are among the biggest losers in the SMI in 2025. However, the private equity specialist's business is performing well. Investors who believe the shares will see moderate price gains in the new year may be interested in the outperformance certificate on Partners Group.

Capital protection products are in demand during periods of market uncertainty. With the capital protection note on Givaudan, Kühne + Nagel and Nestlé, investors participate in the upside potential of SMI laggards while reducing their downside risk.

In the current zero interest rate environment, the search for attractive investments remains challenging. In this context, the ZKB Bonus Certificate on five Swiss financials – Helvetia, Partners Group, Swissquote, UBS and Zurich Insurance – may be of interest. 

The rally in US stocks has suffered a setback recently. For investors looking to participate in potential future gains in the S&P 500® while reducing potential losses, the Cushion Participation Certificate may be an appealing option.

The Lucerne-based milk processor Emmi is performing remarkably strongly. Nevertheless, scepticism prevails on the stock market. Investors who believe Emmi will see moderate price gains may be interested in the outperformance certificate on the milk processor.

«Finanz und Wirtschaft» is bundling its Swiss top picks into a single product, launching an investment certificate based on the FuW Best of Switzerland stock selection. The actively managed product is now tradable on the Swiss stock exchange.

High-dividend stocks can offer stability during turbulent market periods. The newly launched ZKB Tracker Certificate gives investors easy access to the investment theme.

The bonus certificate combines five Swiss companies that are characterised by low exposure to the US export market. The bonus level of 112% provides yield opportunities even in sideways markets, while the barrier partially cushions price losses.

For investors who want to protect themselves against potential price losses while still participating in the US stock market, the ZKB capital protection note on the S&P 500® offers an interesting investment opportunity.

The price of gold has risen significantly since the beginning of the year. With the capital protection note on the Swisscanto Gold ETF, investors participate in rising gold prices, provided the 122% knock-out-barrier is not touched during the term. In additon, they benefit from 100% capital protection at maturity.