Product Description
Ether Zero ETP (Exchange Traded Product with Ticker ETH2O) replicates the performance of its underlying asset – Ether (ETH). Ether Zero ETP has virtually zero carbon impact on the environment. The negative effect of the energy-consuming cryptocurrencies backing our products is compensated by Helveteq.
This means that Ether Zero ETP is designed to give investors one of the cleanest, simplest and safest way to gain exposure to ETH, among the largest cryptocurrencies by market capitalization.
Historical Performance
*Chart shows the development of an initial investment amount of $1000.
Product Statistics
| NA | NA2 | |
|---|---|---|
| Valuation Date | 9/21/2023 | |
| NAV per Unit (USD) | 15.47 | |
| Daily Change | -2.96% |
Product Details
| NA | NA2 |
|---|---|
| Issuer | Helveteq AG |
| Investor Fee | 1.69% p.a. |
| Base Currency | USD |
| Initial Quantity per Security | 0.01 |
| VALOR | 116757444 |
| ISIN | CH1167574446 |
| SIX Ticker | ETH2O |
| WKN | A3GY93 |
| Bloomberg | ETH2O SW |
| Reuters | ETH2O.S |
Service Providers
| NA | NA2 |
|---|---|
| Custodian | Taurus |
| Market Maker | GHCO |
| Authorized Participant | GHCO |
| Administrator | Apex |
| Security Agent | Adexas |
| Carbon Research | University of Zurich |
How we compensate
SFDR disclosures
Summary
The Helveteq Ether Zero ETP promotes environmental and social characteristics by investing into crypto assets backed by carbon compensation certificates. The decision-making process incorporated into this product integrates sustainability criteria that are being met by means of strict methodological rules.
No sustainable investment objective
This financial product promotes environmental or social characteristics but does not have as its objective a sustainable investment.
Environmental or social characteristics of the financial product
The product promotes environmental and social characteristics by carefully assessing the carbon footprint of the underlying that is being tracked. The carbon compensation certificates held by Helveteq must fulfil a minimum ESG standard based on a proprietary model that takes into account the certification process as well as multi-level project impact.
Investment strategy
Helveteq Ether Zero ETP is designed to enable investors to gain a carbon neutral, simple and cost-efficient way to access the crypto market by providing a return equivalent to the movements in the Ether spot price less the applicable management fee. The ETP provides for easy investor access, tradability, transparency and institutional custody solutions within a robust physically backed structure.
Proportion of investments
The sustainability criteria are applied to 100% of the securities held by the Helveteq Ether Zero ETP.
Monitoring of environmental or social characteristics
Compliance with environmental, social and governance characteristics as described in the “Methodologies” section is monitored via strict implementation of four eyes principle, including plausibility checks of the results.
Methodologies
Information in relation to data and methodologies can be found in our Sustainability Statement (https://helveteq.com/helveteq_sustainability_statement/).
Data sources and processing
Information in relation to data and methodologies can be found in our Sustainability Statement (https://helveteq.com/helveteq_sustainability_statement/).
Limitations to methodologies and data
The data obtained from third-party data providers or issuers may be incomplete, inaccurate, or unavailable and the assumptions or models on which internal analysis rests may have flaws that render the internal assessment incomplete or inaccurate. As a result, there exists a risk of incorrectly assessing a security, resulting in the incorrect inclusion or exclusion of a security. There is also a risk we may not apply the relevant criteria of the ESG research correctly or that the underlying investment could have indirect exposure to entities who do not meet the relevant criteria.
Due Diligence
As an intrinsic part of the investment strategy, no other underlyings apart from Ether (ETH) are allowed. Therefore, no other potentially harmful securities can enter the portfolio.
The relevant carbon footprint of the underlying is calculated in accordance with the research provided by the University of Zurich. The amount of carbon compensation certificates bought is monitored and compared to the calculated amount monthly. The projects are reviewed by multiple team members for their compatibility with our criteria.
Engagement policies
Helveteq actively engages with companies that are within our market coverage range in a constructive manner. The outcomes of our engagement efforts are communicated to every employee of the company, enabling them to improve our offering to help companies meet ESG goals. Engagement consists of a constructive dialogue between Helveteq and target companies to discuss how they manage ESG risks and seize business opportunities associated with sustainability challenges. Helveteq mainly carries out value engagement.
Value engagement is a proactive approach focusing on long-term, financially material ESG opportunities and risks that can affect companies’ valuation and ability to create value. The primary objective is to create value for investors by improving sustainability conduct and corporate governance.
Designated reference benchmark
The reference index is provided by the values calculated by the Swiss FinTech Innovation Lab of the Institute for Banking and Finance at the University of Zurich (UZH) for the CO2 emission of the underlying(s). Helveteq has committed to compensate at least as much CO2 as these values stipulate, the exact methodologies are to be found in the Sustainability Statement (https://helveteq.com/helveteq_sustainability_statement/).