MYJ Opens the Door: Two New Ways to Invest
This is Part 1 of MYJ Capital's structured products series. Part 2, "ETP or Secure Note? A Decision Guide," follows next month.
2025 was the year global wealth stopped growing at a steady pace and started accelerating. Total global personal wealth rose 10.8% last year, the fastest pace since 2017, according to the UBS Global Wealth Report 2026.
Capgemini's World Wealth Report 2026 recorded the largest single-year increase in high-net-worth wealth since 2018, with 25.3 million people worldwide now holding millionaire status. At the same time, the US dollar posted its worst year since 2017, central banks pulled apart on policy in ways that have not been seen in over a decade, and a long era of near-zero interest rates gave way to a rate environment where a fixed coupon means something again.
Investors are moving. Regulators are opening doors. Capital is looking for a home in structures built with genuine discipline, not just a familiar brand name. MYJ Capital is responding in kind: launching two new structured products, built on our macro and structuring expertise, designed for exactly this moment. This article lays out the market backdrop and gives a light introduction to both products.
Part 2 in this series will help you decide which one, if either, fits your objectives.
A Market Moving in Our Favor
The acceleration in global wealth is not a one-off. UBS's data shows growth building year over year: 4.2% in 2023, 4.6% in 2024, and 10.8% in 2025. Capgemini puts the 2025 figure at US$98.3 trillion in global HNWI wealth, an 8.7% increase, with the United States alone adding 736,000 new millionaires. Beneath the headline figures, UBS highlights a fast-growing "everyday millionaire" segment, some 52 million people holding a combined US$107 trillion, a group that has more than quadrupled in size since 2000. This is precisely the scale and speed of capital formation that well-structured, professionally managed products are built to serve.
The rate environment tells a complementary story. After a decade of near-zero policy rates through much of the 2010s, the US Federal Reserve ended 2025 with its target range at 3.50 to 3.75%, the European Central Bank held its deposit rate at 2.00%, and even the Swiss National Bank's near-zero setting sits within a global system where yield is once again a real, investable input rather than an afterthought. That reset is what makes a genuinely fixed, contractual coupon a meaningfully different proposition today than it was for most of the last decade.
Currency markets have been just as active. The US Dollar Index fell roughly 9.6% over 2025, its worst year since 2017, as central bank policy diverged and macro conditions shifted quickly. The global FX market itself is enormous and still growing, turning over an estimated US$9.6 trillion per day as of April 2025, up 28% from 2022, according to the Bank for International Settlements' Triennial Survey. Hedge fund allocators have noticed: a Societe Generale survey of institutional investors found macro ranked as the top preferred strategy for 2025, with half of respondents in a later survey planning to allocate to discretionary macro strategies specifically.
And the structural backdrop keeps widening the opportunity. The US structured notes market reached a record US$149.4 billion in 2024, up 46% year over year, according to Structured Retail Products (SRP) data, with global structured product sales volume estimated near US$1.4 trillion. Cerulli Associates projects US advisor allocations to less-liquid, alternative strategies growing from US$1.9 trillion today to US$3.7 trillion by 2029. Regulators are moving with the trend rather than against it: the EU's ELTIF 2.0 framework, effective since January 2024, restructured the rules governing long-term and alternative investment funds to support broader, better-informed participation.
Two New Ways to Invest
The MYJ Secured Yield Notes 2036 is a 10-year, asset-backed cellular note offering a fixed coupon of 11.00% p.a., paid quarterly. Assets sit within a segregated, protected cell, meaning noteholder recourse is limited to that cell's assets alone. It is available exclusively to qualified and professional investors under a private placement, with a minimum subscription of EUR 1,000.
The Global Currency Macro ETP is an open-ended, exchange-traded tracker certificate on the Global Currency Macro Index, listed on SIX Swiss Exchange. It is collateralised under a Triparty Collateral Management structure, with collateral held via SIX Repo AG and SIX SIS AG. It targets returns through an actively managed FX strategy built around central bank policy, interest rate differentials, and currency momentum. Minimum entry is EUR 1,000, and it is available as a public offering in Switzerland.
Neither product offers capital protection, and both carry the risks inherent to their structures. We will cover the specifics, and how to think about suitability, later in this series.
MYJ insight: Why This Matters Now
Put the pieces together and the picture is a genuinely favorable one. A rate environment that rewards a real, fixed coupon. Currency markets are active enough to reward disciplined macro positioning. A global pool of investable wealth growing at its fastest pace in years. And a regulatory backdrop that is actively supporting broader, well-governed access to exactly this kind of product. MYJ Capital's two new offerings are built to meet that moment directly, bringing an established macro and structuring process to two clear, well-defined ways to invest.
Ready to Learn More?
Read the full Final Terms, Termsheet, and Index Rule Book for both products, or get in touch with the MYJ Capital team to talk through whether either fits your portfolio.
Disclaimer: This article is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice. Investing involves risk, including the possible loss of principal. Readers should conduct their own analysis or consult a qualified professional before making any financial decisions.
