Already thought lost, but possibly soon in new splendour:
The new Phoenix certificate in cooperation with Acatis and Genève Invest
Seizing opportunities in times of war and inflation
Together with our business partner Acatis, we launched a convertible bond product (“Phoenix”) in December, which was issued as a certificate at UBS.
The background was the massive distortions on the convertible bond market. Sharp price losses of the underlying shares reduced the probability of conversion.
What remains is an interest component that in many cases exceeds 10% p.a.