ZKB facilitates investments in the Zurich airport region
The Zürcher Kantonalbank (ZKB) has launched a financial product that investors can use to invest in 22 companies in the Zurich airport region at the same time. The tracker certificate with a local reference is now traded on the SIX Swiss Exchange.
The Zürcher Kantonalbank now issues the tracker certificate FRZ Flughafenregion Zürich. This means that those willing to invest can simultaneously rely on 22 different companies that have a connection to the Zurich airport region. The financial product is now traded on the SIX Swiss Exchange .
As the location developer FRZ Flughafenregion Zürich announced in a press release , the composition of the block of shares was determined by ZKB. They selected Swiss companies with a market capitalization of more than CHF 500 million that are based in the canton of Zurich and benefit from the airport. In addition, they must bear the ZKB rating “Market weight” or “Overweight” before admission.
“The tracker certificate emphasizes the economic importance of the region,” says Peter Arnold, Head of Communications & Business Development at the FRZ Zurich Airport Region. FRZ is probably one of the first organizations in the world to promote locations to take such an initiative. The share package is an important element in ongoing location marketing.
According to FRZ, the design of the financial product is based on the assumption that airport regions will grow at an above-average rate. Accordingly, the companies operating in this region should have above-average potential.