Stableton Financial, a fintech platform and investment company based in Zug that specializes in private markets, has announced the world’s first private market product of its kind. For this, Stableton is working with the Swiss online bank Swissquote and the Chicago-based financial service provider Morningstar Indexes.
According to a press release from Stableton, this investment offering is aligned with the unicorn index calculated by Morningstar Indexes. It measures the performance of the 20 largest private and venture capital-funded companies from developed markets worth at least 1 billion US dollars, otherwise known as unicorns.
Stableton’s two investment products aim to map the Morningstar PitchBook Unicorn Select 20 IndexTM. Unlike more expensive strategies with active stock selection and management, Morningstar Indexes rule-based selection of index components enables attractive fees. Stableton’s CEO Andreas Bezner commented: “The Stableton Unicorn investment offering gives investors the unique opportunity to tap into the potential of some of the world’s most innovative privately held high-growth companies.”
Stableton is offering an open-ended Luxembourg investment fund that is available to institutional investors and a bankable actively managed certificate (AMC) with a Swiss securities identification number (ISIN) for private funds. Stableton’s exclusive launch partner is the online bank Swissquote, which is based in Gland in the canton of Vaud. Its private and institutional clients open up access to private market investments for these products according to Jan De Schepper, Chief Sales and Marketing Officer of Swissquote. He adds that this is “a trend that is rapidly gaining momentum in the financial industry.” ce/mm