Yield Core AMC

Yield Core AMC

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Yield generation

Diversified investment into evolving, attractive yield-generating strategies in crypto markets.

Low duration

Underlying investments very low duration, akin to traditional money market investment products.

Low correlation

The investment outcome targets a low correlation to crypto and traditional assets.

Key facts

Strategy manager Sygnum Bank AG
Strategy Fundamental top-down yield
Rebalancing Discretionary
Legal structure Actively Managed Certificate (AMC)
Issuer DLT1 PCC Limited
Domicile Guernsey
Custodian Sygnum Bank AG, Zurich
Paying agent Incore, Zurich
Inception 1 May 2022
Net asset value (end of month) USD 1,000
Base currency USD
Management fee 1%
Performance fee 10%

Trading Information

Minimum ticket size – initial 10 certificates
Liquidity – subscription notice (Monthly, month end) 5 days
Liquidity – redemption notice ((Monthly, month end) 35 days
Distribution fee Up to 3%
Trading currency USD
ISIN CH1150938012

Portfolio metrics

Since 01/01/2022 43.3%
Since 01/01/2020 annualised 10.8%
1-year return 6.3%
Best month 2.4%
Worst month -0.5%
No. negative months 1
No. positive months 41
Volatility 2.3%
Sharpe ratio 4.7
Prior to launch of AMC, track record based on actual net performance of the underlying funds, weighted as in the starting portfolio

Portfolio breakdown

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      Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

      Objective

      The investment objective of the AMC is to achieve positive returns from yield generating strategies in the crypto market without any directional market exposure to achieve a very favourable risk/return profile. 

      Investment approach

      Sygnum provides access to best-in-class managers investing in yield generating strategies which include among others, lending, funding arbitrage and liquidity provision within the crypto market. 

      To provide access to best-in-class yield generating strategies and to maintain flexibility in a dynamic market environment, the product may invest in both industry leading investment managers and the highest quality in-house investment solutions. 

      The product combines Sygnum’s expertise in assessing yield strategies in the crypto market with its years-long track record of identifying and evaluating leading crypto fund manager. 

      Sygnum continuously monitors the underlying managers, assesses new managers for potential inclusion, and actively manages the asset allocation across yield generating strategies. 

      Risk/return profile

      Non-directional, low volatility investment strategy, aiming to maximise returns from the various sources of yield available in the crypto market while controlling technology and platform risk.

      What can investors expect

      • Returns in excess of fiat money market investments 
      • Very low duration, comparable to money market investments  
      • Attractive upside to yields during crypto bull markets 
      • Low correlation to both crypto and traditional assets 
      • Strong risk management aiming to avoid drawdowns 
      • Access to best-in-class managers at preferential fees 
      • Diversified exposure to various crypto yield generating strategies 

      How to invest 

      Sygnum clients can invest via their Sygnum relationship manager. Institutional and private qualified investors can contact the Sygnum Asset Management team directly or invest over any bank by reaching out to the paying agent (Incore, Switzerland).

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