AMATI PARTNERS SUISSE · SWITZERLAND
Swiss-based fixed income for investors who put capital preservation first. High-quality bonds, disciplined financing and currency hedging are combined to support enhanced income and a defined investment horizon.
Discuss your capital priorities Explore the APS Fixed Income NoteFor qualified, professional or institutional investors. Capital at risk.
Zurich, Switzerland.
A LONGER VIEW OF WEALTH
Capital should serve the future you are building.
For a family office, a business owner or an institution, preserving capital means thinking beyond the next market cycle. Income, future commitments and the needs of the next generation all belong in the same conversation.
Based in Cham, in the Canton of Zug, Amati Partners Suisse brings a Swiss perspective to that long-term responsibility: quality underlying assets, a clear investment horizon and a disciplined approach to financing and risk.
APS IN CONTEXT
Compare income, access and structure across five investment forms. The right fit depends on your objectives and the terms of each investment.
Scroll sideways to compare all five investment forms
| Feature | Cash deposits | Government bonds | Bond ETFs | APS Fixed Income Note | Private debt |
|---|---|---|---|---|---|
| Illustrative annual yield | 2–3%Illustrative rate* | 2–3.9%Illustrative gross* | 3.5–4.5%Illustrative gross* | 5.15%Stated net rate** | 6–15%Illustrative gross* |
| Credit exposure | Deposit-taking bank | Sovereign issuer | Underlying bond mix | Government Bonds | Borrowers; seniority and collateral vary |
| Liquidity | Typically on demand; account terms apply | Often liquid for major sovereigns; market pricing applies | Exchange traded during market hours; spreads vary | Daily requests; notice, pricing, costs and suspension terms apply** | Often limited or gated; loan or fund terms apply |
| Defined maturity | No set date for demand deposits | Set bond maturity | Usually open-ended; target-maturity ETFs differ | June 2030 scheduled maturity | Loan or fund-specific |
| Value fluctuations | Usually no quoted market price; bank risk remains | Market prices move before maturity | Unit prices fluctuate with markets | Underlying prices can move; hold-to-maturity approach | Valuations may be periodic; loss risk remains |
| Custody & structure | Bank deposit; deposit protection may apply where eligible | Direct bonds held through a bank or broker | Fund assets held with a custodian | Institutional custody; pledged portfolio supports note obligations | Direct loan or fund; collateral and custody vary |
| Oversight | Bank regulation and supervision | Issuer disclosures; bank or broker rules | Fund governance and reporting | Independent issuer, trustee and risk analytics | Manager and fund-specific; review documentation |
| Diversification | Depends on bank and deposit exposures | Depends on the holdings selected | Portfolio or index-based; concentration varies | Portfolio-dependent; review current holdings | Loan or fund-dependent |
* Alternative yield ranges are illustrative examples from the APS overview, not current market quotes. Gross ranges for government bonds, ETFs and private debt are not directly comparable with APS’s stated net rate. Actual outcomes depend on currency, maturity, credit quality, liquidity, costs and taxes.
** APS’s stated net annual rate, scheduled payments and repayment are subject to the governing note documents and issuer performance. Daily redemption requests are conditional, not guaranteed access. Broad asset categories vary by product and jurisdiction; review each investment’s documentation. Capital is at risk.
OUR FOCUS
Quality assets, controlled financing and currency management work together within a defined note structure.
A portfolio built predominantly around Canadian and U.S. government bonds, alongside eligible high-grade securities. Maturity selection, a hold-to-maturity philosophy and structured oversight support the capital preservation objective.
Quality assets. Defined horizon. Ongoing oversight.
Bond income is combined with the spread available from lower-cost Swiss-franc financing. The strategy seeks to enhance income after financing, hedging and management costs, within a maximum 60% loan-to-value framework.
Bond income. Financing spread. Cost discipline.
The note and investor payments are denominated in U.S. dollars. The CHF/USD financing exposure is fully hedged back to USD to address the currency mismatch created by the borrowing structure.
USD note. Hedged CHF financing. Clear currency exposure.
THE STRATEGY IN PRACTICE
Four connected elements explain how the APS Fixed Income Note is designed to work.
Deploy capital into high-quality USD bonds, with a focus on government and eligible investment-grade issuers.
Use CHF financing to capture an additional spread, subject to the 60% maximum LTV and ongoing monitoring.
Hedge the CHF/USD financing exposure back to USD, aligning the financing with the note currency.
Use an independent issuer, trustee and institutional custodian, with portfolio assets pledged to support note obligations.
APS FIXED INCOME NOTE
A USD-denominated, asset-backed note designed for qualified, professional and institutional investors.
The 5.15% rate is the stated annual return under the note terms, net of confirmed financing and management costs. Payment and principal repayment remain subject to the governing documents and issuer performance.
Daily redemption requests are subject to the applicable notice period, pricing methodology, settlement timeline, costs and suspension provisions. A defined maturity does not make early exit unconditional.
RISK MANAGEMENT
The structure is designed to manage risk. Capital preservation is an objective, and capital remains at risk.
Maturity selection and a hold-to-maturity philosophy reduce reliance on short-term bond price movements. LTV monitoring, a dedicated reserve and stress testing provide additional controls.
Bond prices can still move. Financing requirements or redemptions can affect liquidity and may require asset sales.
High-quality underlying bonds, pledged collateral, institutional custody and independent oversight support the structure.
Government and investment-grade securities still carry credit risk. Investors also rely on the note issuer and relevant financing, custody and hedge counterparties; security does not guarantee repayment.
The financing hedge is designed to address the CHF/USD mismatch within the USD strategy.
Investors whose home currency is not USD may retain exchange rate exposure. Hedge effectiveness, costs and counterparty performance remain relevant.
INVESTOR QUESTIONS
How to invest, what to expect and how we can work together on a solution for your capital.
Investments can be arranged through major Canadian banks and investment platforms, including RBC, BMO, TD, CIBC, Scotiabank and iA, subject to the specific product being supported by your institution. Contact Amati Partners and we can guide a conversation with your private banker or investment manager and help coordinate the next steps.
Discuss an investment with AmatiThe minimum investment is USD 200,000. We have no set maximum investment amount. Larger allocations are arranged individually, subject to product capacity and the applicable subscription requirements.
Once held with your bank or investment platform, the investment appears on your statements alongside your other assets, with the latest available pricing. Pricing frequency and valuation methods depend on the product and your institution.
Yes. Amati works with family offices, high-net-worth individuals, funds, non-profits and corporations to develop bespoke bond portfolios and wealth solutions. Each engagement is designed around your needs, including your target return, investment horizon, liquidity requirements, currency and risk parameters.
Amati Partners Suisse SA is the Swiss entity named in this offering, with its office in Cham, in the Canton of Zug. Amati Capital Partners’ homepage describes the Canadian business advisory practice. For the fixed-income strategy and bespoke portfolio enquiries, contact the APS team using the enquiry link on this page.
Treasury planning starts with the purpose of the money. Operating liquidity, contingency reserves and capital available for a longer investment horizon have different requirements. We discuss when funds may be needed, the currency of future obligations and the liquidity that needs to remain available before considering an investment approach.
APS can discuss those objectives in the context of its fixed-income strategy and bespoke portfolio capabilities. Portfolio construction considers asset quality, maturity, currency exposure, financing and the risks described on this page. The product’s full documentation explains its structure, custody arrangements, eligibility and access-to-capital terms; those details should be reviewed with the appropriate advisers before investing.
Discuss your treasury prioritiesSTART A CONVERSATION
Discuss your mandate, investor eligibility and the full note documentation with our team. Start with your objectives, your investment currency and when you may need access to capital.
Contact Amati Partners paulvandersloot@amaticapital.com
