16.04.2025
UBP House View - April 2025
Tactical risk management helped us ride out one of the sharpest market dips since 2020. Gold and cash remain reliable safe havens.
Structuring for every need
You seek flexibility and opportunities. We structure products that offer an appealing alternative to traditional financial assets.
Why a structured product?
Structured products present a compelling alternative to direct financial assets due to their adaptability and extensive customisation options. They can cater to specific requirements using a broad array of underlying securities and accommodate diverse market expectations depending on your risk profile.
Once you have defined the solution to meet your specific needs, you have access to our open architecture of 15 top-tier issuers, ensuring best execution covering both quantitative and qualitative aspects, and our experts are ready to support you at every step.
Following this, we provide proactive life-cycle monitoring to ensure your investments are continuously optimised.
Flexible solutions
We transform an investment idea into actionable solutions with multiple advantages:
Improved asset allocation
Use structured products to improve the strategic allocation of your portfolio.
Cross asset classes
Without increasing the risk of your portfolio, you can increase your exposure to risky assets. You can add new asset classes with low correlation to those you already hold and enhance your diversification by country and sector.
Tactical opportunities
You can also perform tactical short-term trades, such as betting on a market trend or an event that you want to take advantage of.
Our Structured Product Offering
We provide five categories of investment solutions tailored to your objectives and desired level of risks and returns:
These defensive investment solutions are suitable for investors seeking returns with the safety of predefined and unconditional capital protection at maturity.
These are solutions designed for investors seeking regular coupons and willing to forgo potential upside exposure to the underlying asset. This category entails downside buffers to reduce the risk of loss in comparison to a direct investment in the underlying.
Participation products are created to optimise participation in the performance of an underlying asset. This is achieved through enhancements such as downside buffers to minimise risks compared to a direct investment in the underlying or leverages to amplify returns.
Credit-linked products are tailored for investors seeking to enhance returns compared to traditional bond investments, through instruments for which the risks associated with credit events involve both the issuer and the reference debtor.
Commonly referred to as warrants, these products are designed for investors seeking to capitalise on the upward or downward movements of an underlying asset in exchange for a premium payment.
The team
Our experienced specialists have wide-ranging and in-depth expertise with structured products. In addition, they have access to the know-how of over 200 in-house investment specialists.
Members in the team
12
Avg years of experience
15
Volume overseen
CHF 4 billion
Team Head
Jeremy Bellaïche, Global Head of Structured Products
Recognition
WealthBriefing Swiss Awards 2025 - Best Structured Product Provider
08.04.2025
World growth under tariffs
The tariffs announcement by US President Trump last Wednesday evening exceeded most expectations, raising the average tariff on US imports from 2.5% to 24%, a level not seen since the 1930–40s.
02.04.2025
Technology: providing access to the Chinese market
Supported by innovation and the government, technology is the only Chinese sector offering great visibility.
26.03.2025
The Dollar and the Donald
Observers and investors were expecting the US dollar to go up in value. This was without counting on the new US administration’s erratic policymaking and announcements on tariffs. Where is it going next and what other factors are affecting the greenback?
19.03.2025
Europe: rewriting its future
The US–Europe relations prevailing since World War II are shifting.
13.03.2025
UBP House View - March 2025
Trump’s activism on the US economy is creating fears of recession. To navigate short-term turbulence, we have tactically scaled back our exposure to macro-sensitive assets, such as US equities, including US midcaps, along with high-yield and emerging-market debt, while increasing our allocation to gold.
04.03.2025
Can US equities sustain their momentum?
US corporate earnings growth is slowing. Unless it picks up again, stocks will become overvalued.
03.03.2025
The case for office conversion
In New York as well as other major metro areas, once-bustling corporate offices are now quieter, leading companies to adjust to a new reality: remote working is no longer a temporary solution but rather a structural shift. Consequently, corporates are actively reducing their office space footprints, significantly increasing vacancies in the sector.
Glossary
Structured products are highly flexible, efficient instruments which match almost any investment objective, and, unlike traditional investment instruments, they can also generate positive returns in falling or stagnant markets.
Structured products are designed to meet specific risk/return profiles and/or diversification requirements that cannot be achieved with traditional investment instruments. They can be structured to most asset classes, offering a tailor-made alternative to direct investments. They are, therefore, ideal for customising an investment solution to a client’s needs and preferences.
Products can be engineered across all pay-off categories (capital protection, yield enhancement, participation and leverage) and within all asset classes (equities, fixed income, foreign exchange and commodities).