zkb precious metals etfs are globally unique!zkb precious ... bac platinum day 2007.pdf · zkb gold...

ZKB precious metals ETFs are globally unique!ZKB precious metals ETFs are globally unique!

5th BAC Platinum DayOctober 2007

AgendaAgenda

Why choose commodities?

Why choose precious metals?

ZKB ETFs are the way to go

Why choose commodities?yBest asset class with inflation protection

Long-term development of commodities prices

Why choose commodities?yMain arguments

Attractive supply and demand situationsituation

Growth in China and IndiaGrowth in China and India

Inflation protection and portfolio Additional return and lower risk

optimisation

Why choose commodities?yAttractive supply and demand situation

Supply10 years of underinvestmentSupply is not elastic Strong consolidationStrong consolidation

DemandIndustrialisationMonetary policyPopulation growth

Why choose precious metals?y pZKB Platinum ETF

Platinum (USD/ounce)

Attractive supply and demand situationHigher environmental standards forHigher environmental standards for carsRising car sales in developing countries

SummarySummary

Long-term development of commodities prices

Structural bull marketPortfolio benefitsPortfolio benefits

ZKB ETFs are the way to goy gThe successful ZKB Gold ETF

Starting position

No issuer riskPhysical coverage Successful creation of the Payment in kind ZKB Gold ETF (> CHF 660 m)

ZKB ETFs are the way to goy gA passive instrument with active benefits

Investment volume CHF 660 m

ProcurementCustodyCustodyValuation

Weighting VATg g

ZKB ETFs are the way to goy gZKB ETF setup is one of a kind

AAA-rated bankPhysical coverage ~100%Payment in kindPayment in kindNo lendingNo repurchase transactions

We offer more than others!

pNo derivative financial instrumentsNo borrowing and granting loans

We offer more than others!No encumbrance of the fund’s assetsNo issuer riskNo issuer riskListed on the SWXVAT managementOpen-ended format

ZKB ETFs are the way to goy gSelling units - payment in kind

Traded on the SWX Can be redeemed at any time at

As secure as a safe!

Can be redeemed at any time at NAVCan be redeemed against cash or

As secure as a safe!payment in kind (subject to VAT)

SummarySummary

AAA-rated bankNo issuer risk

The only instrument of its kind in the

No issuer riskNo leveragePhysical coverage and payment in y

world!y g p y

kindListed on the SWX

Contact informationContact information

Mr. Tashi Gumbatshang

d f l dHead of Sales Investment Funds

tashi.gumbatshang@zkb.ch

0041 44 292 28 87

Mrs. Mirjam Kappeler

Sales Investment Funds

mirjam.kappeler@zkb.ch

0041 44 292 28 03

Feel free to get in touch!

AppendixppFacts & Figures

ZKB Gold ETF ZKB Silver ETF ZKB Platinum ETF ZKB Palladium ETF

Security number 2’439’100 2’979’271 2’979’270 2’979’268

ISIN CH0024391002 CH0029792717 CH0029792709 CH0029792683

Smallest unit (weight per unit)

CHF 27,500 (approx. 1 kg)

CHF 15,300 (approx. 30 kg)

CHF 25,700(approx. 0.5 kg)

CHF 13,300 (approx. 1kg)

Management fee 0.4% 0.6% 0.5% 0.5%

Launch date 15 March 2006 10 May 2007 10 May 2007 10 May 2007

Payment in kind approx 1kg gold approx 30 kg silver approx 5 kg platinum approx 3 kg palladiumPayment in kind(standard bar weight)

approx. 1kg gold approx. 30 kg silver approx. 5 kg platinum approx. 3 kg palladium

Volume in Swiss Francs 668'087'923.75 93'409'160.00 54’453'896.00 90'999'384.00

Volume in kg 23'885.88 179'633.00 1'048.40 6'989.20g

Volume in ounces 767'948.62 5'775'334.33 33'706.84 224'707.97

October 2007

DisclaimerDisclaimer

This presentation does not constitute an offer or an invitation to purchase in relation to the Fund and is not a prospectusto the Fund and is not a prospectus.Full details can be found in the prospectus, the simplified prospectus and the fund regulations, which can be obtained free of charge from the custodian bank (Zurich g g (Cantonal Bank) or from the fund management company (Balfidor Fondsleitung AG).These Funds are only intended for sale in Switzerland and may not be sold abroad.