Vontobel – first Swiss provider of a bitcoin certificate

Vontobel – first Swiss provider of a bitcoin certificate

01 July 2016Reading time: 1 minute

Vontobel today becomes the first Swiss issuer to offer a tracker certificate on bitcoins for subscription, giving investors in Switzerland a means of participating in their performance for the first time.

The VONCERT on Bitcoin in USD is a classic tracker certificate (SSPA: 1300) that offers investors a simple means of investing in bitcoin. With this investment certificate, investors in Switzerland will thus for the first time be able to participate in the development of the bitcoin price vs the USD, with virtually 100% participation both on the upside and the downside. Investors therefore do not need to hold bitcoins themselves to profit from possible gains in the bitcoin price.

The certificate has a two-year term, and an application has been submitted for admission to the SIX Swiss Exchange. This is subject to bitcoins being approved as an underlying. The first day of trading will be 15 July 2016, and the final fixing will be made on 16 July 2018. Between those dates, investors will be able to trade the VONCERT on the secondary market, i.e. buying or selling at the applicable bid/offer prices.

 

Adding diversification with bitcoin

As a ‘new asset class’, the VONCERT on Bitcoin could also be suitable as a means of adding diversification to traditional portfolios. In next week’s derinews blog, you will be able to read more on topics such as the historically low correlation of bitcoins as an underlying to other asset classes.

If you as an investor expect the bitcoin price to continue its positive trend over the coming two years, the VONCERT on Bitcoin could offer interesting investment opportunities for you. However, we would like to draw your attention to the Federal Council report on virtual currencies published on 25 June 2014: for bitcoin users (and thus indirectly for investors in the VONCERT on Bitcoin) there are higher risks of fraud and loss than those that must be considered in the case of a Bitcoin investment .

 

This week in derinews blog

What is behind bitcoins, and how do they behave in the context of a portfolio? This week’s derinews blog will cover Vontobel’s interesting thematic investment ‘Bitcoin’ in more detail – be sure to check it out!

 

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Securities
No.
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closure
  
123510622
  • Product with sustainability features
  • (Issuer) Callable
Nestlé
Novartis
Roche
10.625% 4.25% 50.00% 22/09/2025 CHF still 2 days
123510628
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
Nestlé
Novartis
Roche
13.125% 5.25% 50.00% 22/09/2025 q EUR still 2 days
125454534
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
Nestlé
Novartis
Roche
16.25% 6.50% 50.00% 22/09/2025 q USD still 2 days
125454099
  • Quanto
  • (Issuer) Callable
Baidu
Nintendo
Sony Group
21.25% 17.00% 55.00% 24/06/2024 q USD 24/03/2023
123510567
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
Allianz
AXA
Swiss Re
Zurich Insurance
18.00% 9.00% 50.00% 24/03/2025 q CHF 24/03/2023
123510577
  • Quanto
  • (Issuer) Callable
Alphabet
Amazon.com
15.00% 12.00% 60.00% 24/06/2024 q CHF 24/03/2023
123510575
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
ams-OSRAM
ASML
Infineon
19.00% 19.00% 50.00% 25/03/2024 q CHF 24/03/2023
123510570
  • Product with sustainability features
  • (Issuer) Callable
Geberit
Holcim
Sika
14.25% 9.50% 55.00% 24/09/2024 CHF 24/03/2023
123510572
  • Product with sustainability features
  • (Issuer) Callable
Idorsia
Logitech
25.50% 25.50% 50.00% 25/03/2024 CHF 24/03/2023
123510574
  • Product with sustainability features
  • (Issuer) Callable
Novartis
Roche
Swiss Life
Swiss Re
16.00% 8.00% 50.00% 24/03/2025 CHF 24/03/2023
123510571
  • Product with sustainability features
  • (Issuer) Callable
Adidas
Hermes
PUMA
14.50% 14.50% 50.00% 25/03/2024 EUR 24/03/2023
123510568
  • Product with sustainability features
  • (Issuer) Callable
Allianz
Deutsche Post
Deutsche Telekom
18.00% 9.00% 50.00% 24/03/2025 EUR 24/03/2023
123510573
  • Product with sustainability features
  • (Issuer) Callable
Deutsche Post
Mercedes-Benz Group
Siemens
16.50% 11.00% 50.00% 24/09/2024 EUR 24/03/2023
125454112
  • (Issuer) Callable
Alphabet
Microsoft
NVIDIA
22.50% 15.00% 50.00% 24/09/2024 USD 24/03/2023
123510650
  • Product with sustainability features
  • Quanto
  • (Issuer) Callable
Partners Group Holding
Richemont
SGS
24.30% 12.15% 50.00% 03/04/2025 q AUD 03/04/2023

 

20/03/2023 13:40:04

 

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