The cantonal banks of Baselland and Zurich have agreed to together launch a derivative product linked to companies in the digital industries.
Basellandschaftliche Kantonalbank (BLKB) and Zuercher Kantonalbank (ZKB) have agreed to together launch a tracker certificate on a global stock basket of digital solution providers. The certificate will go live on October 5, 2020, the banks said in a statement on Monday.
The digital future basket certificate will give investors the chance to participate in the global mega-trend digitization, without having to take the risk with buying individual stocks. More than half of the basket components are based in the U.S.
ZKB, Switzerland's largest cantonal bank, in 2014 agreed to buy Swisscanto, the asset management business jointly owned by Switzerland's cantonal banks. Since the takeover, several cantonal banks have launched their own new funds with which they rival the Swisscanto offering that remained available to the customers of all the former co-owners of the business.
