Friday, 11 August 2023
Reading time : 1
minute
The deal agreed upon, which had obligated the Confederation to provide liquidity assistance in the event of losses in the context of the Credit Suisse takeover, was terminated by the acquiring UBS with immediate effect.
Monday, 7 August 2023
Reading time : 2
minutes
The reporting season is well underway, with companies from various industries and regions presenting their results for the past months. The information asymmetry between corporate management and investors decreases, creating a number of opportunities.
Thursday, 20 July 2023
Reading time : 1
minute
As one of the most competitive countries in the world, Switzerland is home to a large number of companies in various industries and sectors. The media focus on large companies sometimes makes us forget that almost 60% of value added is generated by SMEs, which also account for over two-thirds of jobs - and thus fundamentally shape the domestic economy.
Thursday, 6 July 2023
Reading time : 2
minutes
Barrier Reverse Convertibles allow for an attractive yield while reducing risk compared to direct investments.
Wednesday, 31 May 2023
Reading time : 2
minutes
Right now, it may be worthwhile to take profits and hedge part of the portfolio with a capital protection certificate on gold. It allows 100% participation in the performance of the ZKB Gold ETF, which is fully physically backed. If the upper barrier of 120% is exceeded during the term - which would currently correspond to a price of approx. USD 2,350 per ounce - investors not only receive the full capital invested back at maturity: the capital is CHF protected to 101% - regardless of how the gold price develops, the certificate generates at least 1% return.
Wednesday, 31 May 2023
Reading time : 2
minutes
The situation on the markets is confusing: While the US is struggling to raise the debt ceiling, the DAX recently marked a new all-time high. At the same time, there is a large discrepancy in the performance of individual stocks - for example, the US market has been driven primarily by a few stocks over the past 6 months. Against the backdrop of geopolitical and macro-economic uncertainty, the development of interest rates is fraught with question marks. In this environment, our tracker certificate combines 25 selected quality companies with pricing power and/or strong market position, which should perform well even in a challenging environment thanks to defensive characteristics.
Wednesday, 17 May 2023
Reading time : 1
minute
The luxury goods group not only grows more strongly than its major rival LVMH in the first quarter of 2023, but also exceeds the sales growth of the industry. The good market position is further strengthened, the dividend is set above analysts' estimates. The share price performance is also impressive (+28% YTD). ZKB yield enhancement products on Richemont shares can be suitable for investors who expect a slowdown in share price but still want to take advantage of yield opportunities.
Thursday, 11 May 2023
Reading time : 3
minutes
Not only the implied volatility of a basket of stocks influences the return of a BRC, the correlation of the stocks in a basket can also push the option price up or down. The closer the correlation is to 1, the more similar the price movements of these stocks. The resulting reduced probability of a barrier hit is reflected in the option premium, which is lower compared to less correlated baskets. With lower basket correlations, the option premium - and thus the coupon of a BRC - rises.
Thursday, 27 April 2023
Reading time : 2
minutes
The reporting season is on, with listed companies presenting their results for the past quarter in the days to come. Some of these companies have already presented strong results, including some blue chip firms from Switzerland.
Monday, 19 June 2023 
