Leonteq AMCs
Leonteq charges 20 bps on AMCs. GC can add another 20-30 bps p.a. on top of that.
One client told us that Leonteq can segregate AMCs for an additional 20 bps p.a. fee.
Leonteq also allows leverage up to 5x (min 20% margin) and short futures strategies.
Their execution fee is 10 bps if I remember correctly.
Caution is advised with the partner Leonteq. In any case, talk to VG first.
P.s. Leonteq could launch Portfolio Trackers, based on Performance Swaps (e.g. with Swissquote).
Leonteq issues a tracker on an existing client account (issuer risk Leonteq / BBB). The NAV is calculated daily and the client as SRO would be index sponsor.
In a few cases the Strategy Manager may have a setup without an SRO, but this is extremely rare and this relationship would be classified High Risk by Leonteq.
Unfortunately, only one ISIN (tracker) can be linked to the securities account.
Important:
Leonteq has already set up this tailor-made solution with a Swissquote client. It is therefore feasible but quite time-consuming. The request for an AMC via a performance swap solution must reach Bastian Heller via the account manager at Swissquote. If your account manager is overwhelmed, Bastian can provide you with a contact at Swissquote so that your account manager can find out about the procedures there.
Last but not least:
Bastian also mentioned that it needs to be defined who does the 871m U.S, dividend reporting. In this AMC case, we have a hybrid solution. For regular retail and corporate it would be the broker, for regular AMCs it would be the issuer. Here the account is in the name of the company and the company cedes the performance to Leonteq.