Swisscanto (CH) Palladium ETF EA CHF (ZBK4)

Swisscanto (CH) Palladium ETF EA CHF is an exchange-traded fund domiciled in Switzerland that invests exclusively in physical palladium, maintaining 100% backing by the precious metal stored within the country. Launched on May 9, 2007, and renamed from ZKB Palladium ETF AA CHF in March 2025, it tracks the performance of palladium priced in Swiss Francs per ounce on the SIX index, employing a passive physical replication method with no securities lending or counterparty risk due to its separate asset status under the Swiss Collective Investment Schemes Act. The fund, managed by Swisscanto Fondsleitung AG and Zürcher Kantonalbank, denominates shares in CHF, with each unit representing approximately 9.108 grams of palladium, allowing investors to redeem for physical bars at a rate of 3 kilograms per unit. Featuring a total expense ratio of 0.50% and distributing profits, it serves investors seeking long-term exposure to palladium's price movements. Precious metals like palladium provide portfolio diversification owing to low correlation with equities and bonds, acting as an inflation hedge, though the fund is not managed sustainably.