Stableton Unicorn Index AMC

20 LEADING UNICORNS
IN ONE PORTFOLIO

SpaceX | Revolut | Databricks | OpenAI | Discord
Epic Games | Stripe | Canva | Anthropic | SHEIN & more

 

Orange agressive unicorn on white background

Unicorn investments - capturing growth and innovation

Did you think investing in privately-held unicorn companies was the privilege of investors with millions and connections? Not anymore! The Stableton Unicorn Index AMC turns you into a virtual venture capitalist. Only available for Swiss residents.

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Get ahead of the crowd
Access venture capital and tap into the growth potential of privately-held unicorns before they go public

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Push for a higher return potential
Benefit from exposure to private markets, which showed superior performance than public markets over the last 20 years[1]

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Invest with attractive pricing
USD 9.- flat Swissquote subscription fee for a first-of-a-kind product for retail investors


Conditions

Invest from USD 100.-


Redemption: see FAQ
Only available on Swissquote’s desktop trading platform.


Pricing

USD 9.- flat Swissquote subscription fee* Specific product fees as mentioned in the factsheet
 

*Excluding third-party fees, stamp duty, if any, and real-time fees

Product details
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About

This Certificate seeks to achieve the performance of the Morningstar® PitchBook® Unicorn Select 20 IndexTM over a period of time. The index seeks to measure the performance of the largest 20 privately-held venture-backed companies from developed markets with a valuation of $1 billion or more.

The product is designed to help investors diversify their portfolios by providing cost-effective exposure to the world's most innovative and high-growth privately-held companies.

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Highlights

1. Venture capital access for private investors – Participate in the ever-increasing value creation in private markets. Capitalise on emerging trends and technologies with some of the most exciting tech unicorns (initial target lineup includes Canva, Databricks, Discord, SpaceX, OpenAI, and Stripe, to name a few).

 

2. Motivate your capital to higher performance – Push your portfolio to a higher return potential by getting exposure to private markets, an asset class that showed higher returns than public markets over 20 years[1].

3. Build a genuinely diversified portfolio – Private market investments are a must-have component of a modern diversified portfolio.

4. World-first product aiming to achieve the performance of a private market index.

Webinar

Private market investments in unicorns - opportunities and risks for investors

FAQ
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Product details

Why invest in private markets, especially venture capital, via the Stableton Unicorn Index AMC?

• The Stableton Unicorn Index AMC enables you to diversify your portfolio and offers you the opportunity to benefit from the performance of private markets.

• Addressing key megatrends following the passive benchmark index selection through institutional-grade investment products

• Accessing a market that’s currently inaccessible to 95% of investors: the market of privately-held companies

• Being privately-held benefits companies because it allows them to focus on long-term growth and innovation without the distractions and scrutiny of being publicly traded

• Bypassing investment entry barriers with this low-minimum offering of only USD 100

• Very competitive cost compared to other private market offerings

How is the Stableton Unicorn Index AMC strategy executed?

Stableton executes the pre-defined strategy and aims to achieve the performance of the Morningstar® PitchBook® Unicorn Select 20 Index™, over a period of time. Stableton's investment team aims to build a portfolio containing the companies in the index with a target weight of around 5% each (as determined by the benchmark index). When there are changes in the index composition (constituents or weights), Stableton aims to conduct the respective trades to adjust the holdings. As the underlying markets may not always offer sufficient liquidity, there will likely be deviations from the target weights.

What happens when a privately-held company in the index goes public (has an IPO)?

If a company goes public (IPO) the company would be removed from the index as per the Morningstar® PitchBook® index guidelines. This would be reflected in the next quarterly rebalancing. Stableton would then aim to sell the shares in the public markets (pending a potential lock-up of typically 3 to 6 months) and deploy the capital in the new index constituent.

Conditions

What is the minimum investment?

The minimum investment is USD 100.-

Are dividends distributed?

No, any exit proceeds are re-invested, and gains are accumulated.

How can I exit / redeem?

In the first 12 months after the product launch, no redemptions are possible. Afterwards, redemptions are possible weekly and require a notice period of 3 days. This lock-up period ensures the product can execute the underlying strategy and build toward the target allocation. Further liquidity options (e.g. transfer to another buyer) may be possible.

Please view the factsheet as further redemption restrictions may apply.

What is the maturity of the Stableton Unicorn Index AMC?

The Stableton Unicorn Index AMC is open-ended and has no target maturity.

The Morningstar index

What is the Morningstar® PitchBook® Unicorn Select 20 Index™?

The Morningstar® PitchBook® Unicorn Select 20 Index™ was created with Stableton by Morningstar Indexes, to be used as a benchmark for Stableton's unicorn investment offering. It relies on the same methodology as the Morningstar® PitchBook® Global Unicorn indexes, but includes only 20 components, is equally weighted, and targets developed markets. While maintaining a solid representation of the private market, those adjustments enable Stableton to carry out the investment strategy to mimic the index holdings as closely as possible and to potentially achieve the index performance over time.

How did the Morningstar® PitchBook® Unicorn Select 20 Index™ perform historically?

Over almost 10 years, from 12/2014 to 03/2023, the Morningstar® PitchBook® Unicorn Select 20 Index™ outperformed public equities significantly (22.2% p.a. vs. 8.25% p.a.)[2]. For this comparison, public equities are represented by the Morningstar® Developed Markets Target Market Exposure Index™. Please consult the Morningstar page or the Stableton page for further details.

What companies are in the index and does it change?

The index tracks the 20 most valuable unicorns, as defined by the primary round valuation. Morningstar Indexes publishes the up-to-date index composition online. At the launch of this product, the index includes the following companies: SpaceX, SHEIN, Stripe, Checkout.com, Canva, OpenAI, Databricks, Revolut, Epic Games, Waymo, Chime, Anthropic, VillageMD, Gopuff, CloudKitchens, Discord, Blockchain.com, Plaid, OpenSea, and Celonis. The composition can change at each rebalancing.

General information

What are private markets?

Private markets refer to investments in assets that are not publicly traded, such as private equity, venture capital, and real estate. These investments are typically only available to accredited investors, who are individuals or entities with a high net worth or significant financial experience. Private markets offer the potential for higher returns but are generally less liquid than publicly traded assets.

What is venture capital?

Venture capital is a form of private equity that invests in new or fledgling companies that have high growth potential or have shown high growth. Venture capital funds or firms provide financing, technical support, and managerial expertise to these companies in exchange for equity, or an ownership stake. Venture capital is also called risk capital because it involves taking on the risk of financing start-ups. In the context of the Stableton Unicorn Index AMC, the portfolio companies would be classified as late-stage venture or venture capital-backed unicorns.

What is an AMC?

Actively Managed Certificates are structured products whose underlying assets are managed in accordance with a specific investment strategy. The AMC allows investors to participate in the performance of the underlying assets.

Who is Stableton?

Stableton is an award-winning fintech platform (Swiss Fintech Award 2022 in the Growth Stage Startup category) and investment firm specialising in private markets. The platform offers institutional and qualified investors unique investment opportunities in late-stage growth companies, with enhanced liquidity. Stableton developed the Stableton Unicorn Index AMC and is the strategy manager of the product.


References

1. Long-Term Private Equity Performance: 2000 to 2021, CAIA Association, 20 July, 2022

2. The Morningstar® Developed Markets Target Market Exposure Index™: https://indexes.morningstar.com/indexes/details/morningstar-developed-markets-target-market-exposure-FS0000F5ZR?tab=overview. The Morningstar® PitchBook® Unicorn Select 20 Index™: Find more information at https://www.stableton.com/unicorns. The index data will also be published on the Morningstar page beginning of June.

IMPORTANT NOTICE

This webpage constitutes advertising of one or more investment products (each a "Product"). This webpage is only for use by persons domiciled in Switzerland and in jurisdictions in which the Product is available for sale pursuant to the documents and information displayed or available through this webpage (the "Materials"). The Product is not available for sale and is not offered in the United States and other jurisdictions subject to selling restrictions pursuant to the Materials. The Materials must not be copied or distributed in such jurisdictions.

Potential investors in the Product should carefully consider and read any prospectus, termsheet, final terms, offer document or similar document before making any investment decision. The Product involves significant risk of loss and may not be suitable for all investors.

The underlying assets of the Products may ultimately be (or relate to) private equity investments, i.e. investments in instruments not listed or traded on any market (including shares of private companies). Private equity investments entail significant risks, notably because they are deeply illiquid and difficult to value due to the lack of public information on the relevant companies. Potential investors must consider that the valuation of the Product (including at the time of any redemption) and the composition of its underlying assets may leave significant discretion to its issuer and be highly unpredictable. Furthermore, Swissquote does not guarantee that the Product will be listed or tradable on any market nor that there will be any market making activity in relation to the Product. Even if such a possibility is referred to in the Materials, Swissquote does not undertake to make it available to its clients.

Although the Materials are based upon information that STABLETON considers reliable and endeavors to keep current, neither Swissquote nor any of its affiliates make any representations with regard to the Materials. Specifically, Swissquote does not guarantee that the Materials are complete or accurate, and does not accept any liability for losses which might arise from making use of the Materials.