SEMINAR A: Green Bonds: Philippe Berthoud-Prosperous Group
Transcript of SEMINAR A: Green Bonds: Philippe Berthoud-Prosperous Group
PROSPEROUS GROUP AG
Löwenstrasse 32 – 8001 Zürichwww.prosperous.ch
+41 44 535 0330
«Are professional Investors using sustainable & renewable
energy investments to diversify their Portfolios» ?
=>> Abstract of the diploma work at the Executive Programme REM-HSG
at the University of St.Gallen (CH) 2015-16 and its solutions developed by
PROSPEROUS GROUP.
Prosperous Group, Montag, 26. September 2016
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Introduction
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Prosperous Group, Montag, 26. September 2016
Peak - People - Performance
1. Peak of the Presentation
A. Abstract of the diploma work at the Executive Programme REM-HSG at the University ofSt.Gallen (CH) 2015-16
B. Solutions and investments opportunities by PROSPEROUS GROUP
C. Q&A
2. People >> Philippe H. Berthoud, MBA
A. Innovator of Financial Markets in different Regions and Sectors with a strong intrinsic motivation.
B. Successful developer of regional and global investment platforms
C. Performed by various Universities e.g. Stanford, Zurich, St. Gallen, etc.
3. Performance >> Strategies, Products and Platforms
A. EURO STOXX50 Indexes Family
B. Very First ETFs in Europe
C. GRiP > First Russian Global Fund Platform
D. AST FEE > First Swiss Pension Foundation focusing on Renewable Energy
E. LiLiBonds.com & GreenieBonds.com
F. More projects & platforms : LiLi-Tender-Bonds, Corsa Box, SEB SwissEnergyBond, GiX, etc.
Prosperous Group, Montag, 26. September 2016
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Abstract of the diploma work of the
Executive Programme REM- HSG
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«Are professional Investors usingsustainable & renewable energyinvestments to diversify theirPortfolios» ?
December 2015
Prosperous Group, Montag, 26. September 2016
Assets under Management of the Research Partners
Beantwortet: 41 Übersprungen: 2
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Which Asset Classes are they investing in ?Beantwortet: 31 Übersprungen: 12
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How are they managing their portfolios ?Beantwortet: 31 Übersprungen: 12
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Investment Targets ?Beantwortet: 30 Übersprungen: 13
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Biggest Investment Risk ?Beantwortet: 27 Übersprungen: 16
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In which Renewable Energies are You investing ?Beantwortet: 18 Übersprungen: 25
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Opinion of different risk-return profile :
traditional vs sustainable investment portfolios
Beantwortet: 19 Übersprungen: 24
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Are You ready to rise your investments in sustainable investements ?
Beantwortet: 26 Übersprungen: 17
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How many mandates are giving to external Asset Managers ?Beantwortet: 21 Übersprungen: 22
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Investment & Risk Appetite of
professional Investors
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Investment Parameters vs. Client Segments in Switzerland
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InvestorsPFs BKs AM / FIM
(Life-)
Insurances
Treasuries
Corporates
Collect.
Investm. Family Offs
Parameter e.g. Funds
Liquid tradeable - - -
Fixed Interest - -
Sustainable Investm.
ESG / SRI / RE -
Green Bonds -
Volatility (Product) - - - -
Investment Assurance
… - - - - - -
… - - - - - -
Costs -
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Solutions by PROSPEROUS GROUP
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Strategies to Products to Global Platform(s)
1. CORSA BOX > Strategies & Mandates
>> Started as a Core Satellite strategy provider – gaining mandates by not traditional
approach e.g. alternative core satellite strategy
2. PROs Global Income Fund & REM Global Sustainable Fund
>> We are Global Income Manager with a outperforming track record
>> Currently we are acquiring one of the oldest Swiss Funds managing sustainable
assets (13 yrs., Lipper 5* / Morningstar 4*)
>> changing it into a sustainable focused Fund with a alternative core satellite strategy
based on LiLiBonds !!
3. www.LiLiBonds.com Listed, Liquid, asset backed Bonds
>> More detailed information following
4. www.GreenieBonds.com Sustainable Prosperity at your delight
>> Probably first Global Sustainable Bond Platform which is showing all diversity of Bond
products e.g. rated, non-rated, Funds, Certificates, Alternative Debt, etc.
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Listed – at Frankfurt Stock Exchange
Liquid – due daily Prices and weekly calculated NAVs
Asset backed Bond – through Portfolio (pledge)
Fixed Bond Interest 4% p.a. - quarterly paid (various bonds & currencies)
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The Clou – Fixed Interest Bond through INCOME Portfolio
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Various Income Assets globally diversified
Fixed Interest Bond listed at
Frankfurt Stock Exchange
First products focusing on :
A. Global Real Estate & Infrastructure Bond
B. Global Income Bond
Prosperous Group, Montag, 26. September 2016
De quoi s’agit-il - What is the Opportunity
Description
Exchange Traded Debt (ETD) are listed investments, e.g. Notes or Bonds, but daily liquid
tradeable just like stocks
Listing at Deutsche Börse Frankfurt : transparent, regulated, controlled by FINMA
Liquid due daily prices and weekly NAV (Portfolio Liquidity Ratio 80:20 daily/monthly)
Bond asset backed through Portfolio (pledge)
Chances
Investment alternative to 0%-yield capital markets
ETD : out of INCOME Portfolio structuring FIXED INTEREST BOND
INCOME Portfolios offers better opportunities
Value and protection through diversification
Performance and Liquidity through various strategies
Prosperous Group, Montag, 26. September 2016
What does «INCOME» mean ?
INCOME Asset classes
A globally diversified Portfolio with various Income strategies may limit risk and gain a
steady, attractive return, which is outperforming fixed interest bonds.
1. Fixed Interest Bonds
2. Real Estate Equities -> e.g. REITs
3. Infrastructure Investments
4. Energy Equities -> e.g. YieldCos
5. High Yield Bonds
6. Various niche products and strategies with few or no correlation to traditional markets
7. Leasing & Lending Products
8. Quant & alternative Products
PROSPEROUS has won its know how, experiences and a track record by
consulting a Global Income Fund which is outperforming the benchmark
remarkable.
Prosperous Group, Montag, 26. September 2016
… complemented by a Platform
Developing the Platform
=>> www.LiLi-Bonds.com
Lili-bonds.com is a platform for Listed, Liquid and asset backed Bonds
offering a minimal Fixed Bond Interest of 4% p.a. / quarterly paid.
The first two LiliBonds will be listed at Frankfurt Stock Exchange and are
focusing on
A. Global Real Estate & Infrastructure Bond (US$)WKN No. A2BF74 / ISIN No. MT0000871435
B. Global Income Bond (Euro)WKN No. A2BF75 / ISIN No. MT0000871427
The objective of the products is to offer long-term, attractive, risk sensitive
returns. LiLiBonds are THE alternative to the 0%-yield capital markets !
Prosperous Group, Montag, 26. September 2016
… only a Marketing Story ?
Benefits for Clients
1. Transparent, regulated, liquid, controlled, limited low risk
2. Fixed Bond Interest of 4% p.a. / quarterly paid (Euro, US$, Swiss Francs)
3. Diversification Opportunities for Portfolio Managers
1. Currencies
2. Balancing conservative or balanced Portfolios
3. Balancing Liquidity and short-term Portfolios
4. Supports Core Satellite Strategies
4. Low Fees :
1. Management 0.25-0.3% p.a.
2. TER (est.) 0.50% p.a.
5. Risk limited through Portfolio (pledge), low volatility, low correlation, daily liquidity
6. Sharp Ratio (est.) : 2.5 !!
7. …
Prosperous Group, Montag, 26. September 2016
Approach & Solution
Approach > “Tripple Core Satellite Strategy”
1. Liquidity Ratio : 2/3 daily vs 1/3 monthly (several “defense lines”
2. Cash Flows : 2/3 CFs vs 1/3 retained
3. Investments 2/3 collective vs 1/3 direct investments
VFS Global Income Bond - Portfolio 07.2016 (in Euro)
Asset Themes % TR in % % p.a. Perf. Liquidity Cash Flow % pos.month Euro / US$
Product Region Portfolio Portfolio
MB Real Estate 10 6,50 0,65 monthly retained 100 y / y
Europe
Viva Real Estate 15 5,8 0,87 daily monthly 100 y /y
Europe
YC Infra 20 7 1,4 daily quarterly ?? n / y
Global
SAR Prot. Alpha Qu.Income 15 6 0,9 daily retained 85 y /y
Global
PRE AF Pure Income 10 6 0,6 monthly retained 100 y / y
Global
SAR HY Pure Income 10 5 0,5 daily retained 65 y / y
Global
7.25% GP Bond Infra 15 5,41 0,8 daily semi-annual ?? n / y
Global
Cash 5 0 0 daily y / y
Portfolio Perf. 100 5,72 > 90%
Liquidity Ratio 80 /20
daily vs. monthly
CF quarterly quarterly Total
monthly 0,87 / 12 0,07 x3 0,22 0,77% -0,23%
quarterly 1,4 / 4 0,35 0,35 CF gap
semi annual 0,8 /2 0,4 :2 0,2 0,07% p.m.
Prosperous Group, Montag, 26. September 2016
What guarantees the Success ?
Performance Driver–what guarantees the success? 1. ETD (Exchange Traded Debt) structure – transforming an INCOME
portfolio into a listed Bond 2. Longterm successful experiences in managing INCOME Portfolios and
niche markets & products 3. Low volatility through Portfolio composition 4. Focus on few or no correlation to traditional, global (yield) markets 5. Sharp ratio of 2.2 - 2.8 6. Last but not least: low cost due to low management fees of 0.3% p.a.
Maximize Liquidity - Minimize Costs - Improve Trading Capabilities
Investment Assurance – limited low risk! 1. Portfolio asset backs the Bond (pledge) 2. Daily liquidity 3. Transparent, highly regulated and controlled by BAFIN through LISTING
@ Deutsche Börse Frankfurt 4. Globally diversified, conservatively managed INCOME Portfolios 5. Few or no-correlation to traditional (yield) markets 6. Average of Portfolio > 90% positive monthly return 7. Portfolio track record > 5.2% p.a.
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PROSPEROUS GROUP AG
Introduction & Contacts
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Swissness, Innovation & Providence
Qualifying Investment Niches & creating Innovationsto achieve successfully the Goals for our Clients and Partners
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PROSPEROUS
GROUP
VFSVitudurum Fund Selection
SSFSwiss Smart Finance
ProCapPROSPEROUS Capital
Excellence Center for Core-Satellite strategies(CORSA BOX)
Distribution Platform for investment products
Excellence Center for Wealth protecting & tax solutions (insurance & fund products)
Wealth management partnerships worldwide
Investment products1. Core-Satellite Strategies2. Certificates on niche funds3. Tailor made products
M&A solutions, Private Equity deals
Investment Committee:CEOHead Market & ClientsHead Nachhaltigkeit & EE
Head Asset Management & ProdukteHead Plattformen, Projekte & Marktunterstützung
Board of Directors & CEO ai:Samuel Strub, President & CEOPhilippe H. Berthoud, MBA
Head Business Development:Nicolas Wepener
CFO:Timon J. Witschi
CTO :Noah Menzi
AST FEESchweiz. Anlagestiftung
fürErneuerbare Energien
Excellence Center for Renewable Energies
PROs Fund FLUmbrella Fund Structure
Investment Funds1. PROs Global Income Fund2. PROs Diversified Energy Fund3. PROs Microfinance Fund4. Tailor made products for UHNW
CORSA BOXStrategy & Wealth
Platform
Corporate Structure (Stand 1Q2016)
REM GmbH(in Gründung)
Stiftung zur GründungInfrastructure
Stock Exchange
PROs LiLi-BondsListed Liquid - asset backed Bond
Platform
Solutions to finance the
Global Energy Transition
Prosperous Group, Montag, 26. September 2016
PROSPEROUS GROUP AG
ZURICH OFFICE
Löwenstrasse 32
8001 Zürich
+41 44 535 0330
www.LiLiBonds.comwww.GreenieBonds.com
Samuel Strub, lic. oec HSG Philippe H. BERTHOUD, MBA
President &CEO PROSPEROUS Group Head Strategies & Markets
+41 79 263 9580 +41 79 702 5093
[email protected] [email protected]
Timon Witschi Nicolas Wepener
CFO PROSPEROUS GROUP / WALSER & Partner Head Business Development
+41 44 213 1226 +41 79 221 1880
[email protected] [email protected]
Contacts
PROSPEROUS GROUP AG
Löwenstrasse 32 – 8001 Zürichwww.prosperous.ch
+41 44 535 0330
We invite Global Investment Managers to perform
their Income Portfolios…
… and give their WEALTH an unique host
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Attachments
31
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Success it’s not always what You see…
… Amat Victoria Curam
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Process of Cooperation
33
NDA / LOIProduct
Offer
First
Contact
Creating
Solutions
Decision &
Agreement
Product
DevelopmentMarket
Introduction
Basic
Presentation Short List
Process
Deliver-
ables
ongoing
Management
Controlling
Factsheets,
Reports, etc.
Prosperous Group, Montag, 26. September 2016
PROs Funds Umbrella-Fund Structure
Domicile : Liechtenstein, FL
PROs
Global Income
PROs
Diversified Energy (3Q2016)
PROs
Microfinance (3Q2016)
PROs… PROs ….
Revisor
PwC Pricewaterhouse
Coopers
Asset Manager
IFAG AG
Depotbank
LLB Liechtensteinische
Landesbank
Administration
IFAG AG
Administration: IFAG Institutionelle Fondsleitung AG, Vaduz, FLDepotbank: LLB Liechtensteinische Landesbank AG, Vaduz, FL
Revision: PwC PricewaterhouseCoopers AG, St.Gallen (CH)
Asset Manager: IFAG Institutionelle Fondsleitung AG, Vaduz, FL
Business Development: PROSPEROUS Group AG, Zurich (CH)
PROSPEROUS GROUP Umbrella-Fund Structure , Domicile Liechtenstein, FL
PROs Funds