WELF Product Structuring
Discover the way our products work
Last updated
Discover the way our products work
Last updated
Actively Managed Certificates (AMCs) are structured products designed to provide a flexible investment vehicle managed on a discretionary basis according to a specific investment strategy. Issued by a Special Purpose Vehicle, AMCs comprise a portfolio of underlying assets, including liquid securities, bonds, funds, shares, derivatives, and currencies. The issuer either implements its investment strategy or adopts one proposed by an AMC Advisor, who can compose and restructure the underlying asset as needed within the framework of the investment strategy.
The performance of an AMC is tied to the AMC Advisor's ability to implement the investment strategy synthetically. To ensure transparency, investors must be fully informed about the investment strategy, its implementation, and associated costs through the product documentation.
AMCs address various challenges associated with traditional investment funds for both managers and investors. They benefit from the credibility of on-balance sheet issuers, regardless of the investment objective, while the off-balance AMC wrapper allows managers to offer alternative strategies linked to non-bankable assets, such as cryptocurrencies, that are unsuitable for traditional collective investment schemes.
These certificates offer significant advantages, including fast time to market, flexibility in strategy development, and cost-efficiency compared to other investment vehicles. The asset manager can actively select individual notional strategy components, and the strategy's performance is tracked by calculating the value of a synthetic strategy-basket or tailor-made index.
Unlike many structured products with fixed asset compositions, AMCs are dynamic, allowing the strategy manager to adjust the composition as needed within the pre-defined investment universe to achieve investment goals. This adaptability makes AMCs excellent vehicles for active management, enabling quick responses to market changes and strategic adjustments.
AMC Partners
Name the one's for AMCs
