zkb precious metals etfs are globally unique!zkb precious ... bac platinum day 2007.pdf · zkb gold...
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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
0041 44 292 28 87
Mrs. Mirjam Kappeler
Sales Investment Funds
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.