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Thematic Certificate · AMC

MGF Natural
Resources

Copper, gold, uranium, rare earths, concentrated access to the strategic natural resources at the heart of the global energy transition.

ISIN CH0566790223 SIX Swiss Exchange · CHF Issuer ZKB
Net asset value · NAV
CHF
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Investment thesis

Natural resources are no longer
a commodity.
They are a strategic infrastructure.

+50%
Expected rise in global copper demand by 2040, from 28 to 42 million tonnes (S&P Global)
10Mt
Potential copper deficit by 2040 without massive investment in new mining capacity
+40%
Copper performance in 2025, following a rally in gold that reached all-time highs (Bloomberg)
Net asset value · Official ZKB NAV

Certificate price

CH0566790223 · ZKB · SIX Swiss Exchange · CHF
CHF
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1M
3M
6M
1Y
MAX
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NAV calculated by ZKB (Zürcher Kantonalbank) · Updated daily after market close · Past performance is not indicative of future results.

Global electrification is moving faster than metal supply.
That gap is our starting point.

MGF NATURAL RESOURCES

Market context

Global electrification is advancing faster than metal supply

Copper, gold, silver, uranium, natural resources are entering an era of structural demand driven by four simultaneous engines: the energy transition, artificial intelligence, the modernisation of national defence and industrial decarbonisation.

According to S&P Global, global copper demand could rise from 28 million tonnes today to 42 million by 2040. Without massive investment in new mines, a 10-million-tonne deficit is looming, structural pressure on prices that directly benefits producers and holders of resources.

Source: S&P Global · UBS CIO · Banque Syz · Bloomberg, January 2026

Natural resources
Investment universe

Three complementary segments

Industrial metals Copper, aluminium, nickel, drivers of the energy transition, electric vehicles and the development of global infrastructure.
Precious metals Gold and silver, safe havens in times of monetary uncertainty, geopolitical tension and pressure on fiat currencies.
Rare metals & Uranium Lithium, cobalt, rare earths and uranium, indispensable to advanced technologies, renewable energy and new-generation civil nuclear power.
Energy & Commodities Energy producers and distributors positioned on the major trends of decarbonisation and global energy security.
Top holdings

Portfolio selection

Glencore PLC Top holding · GLEN.L · LSE · 1-year
+81.2%
09/2512/2503/2606/2609/26
  • Glencore PLC 9.5%
  • National Atomic Company 8.8%
  • BHP Group Ltd 7.6%
  • Vale SA 6.8%
  • Freeport-McMoRan Inc 6.5%
Holdings as of 2026-09-10

Critical resources at the heart of the 21st century's global economic competition

Copper for electrification, uranium for clean energy, rare earths for breakthrough technologies, command of these resources will define the economic and geopolitical balance of power for decades to come.

Certificate characteristics

MGF Natural Resources
Thematic certificate

Tradable on the SIX Swiss Exchange, the MGF Natural Resources certificate offers diversified exposure to strategic natural resources, industrial metals, precious metals, rare metals and uranium. The instrument is hedged against currency risk relative to the Swiss franc.

Natural Resources
ISINCH0566790223
IssuerZKB, Zürich
CurrencyCHF (hedged)
ListingSIX Swiss Exchange
AssetsEquities
DividendsAccumulating
ManagementActive Management
Buy / SellDaily via issuer
MaturityOpen-ended
Launch10.12.2020
Management fee1.30% p.a.
ManagerMG Finance SA
KIDENFR
TermsheetENFR
ZKB base prospectusDEEN
Why this certificate

3 reasons
to invest

Natural resources are entering an unprecedented cycle of structural demand. The energy transition, AI and the geopolitical reordering of supply chains are creating durable tailwinds for producers of critical metals.

01
Structural demand
The energy transition, electric vehicles, AI data centres and military modernisation are driving explosive demand for copper, uranium and rare earths, a trend independent of short-term economic cycles.
02
Constrained supply
Deposits are depleting, lead times to production are lengthening and regulatory constraints are intensifying. A structural deficit of 10 million tonnes of copper by 2040 supports prices over the long term.
03
Diversification & hedging
Precious metals, gold and silver, offer natural protection against inflation and monetary instability, while industrial metals participate in global growth. A unique combination within a single CHF-hedged instrument.

Would you like to invest in our MGF Natural Resources, AMC certificate | MG Finance certificate?

To invest in one of our thematic certificates, you do not need a securities account with MG Finance or with our partner banks. You can simply place an instruction with your own bank, quoting the ISIN, the valor number or the symbol.

Contact us →

MG Finance SA · Av. du Général Guisan 46a, 1009 Pully · +41 21 614 75 75 · research@mgfinance.ch

MG Finance