Actively Manages Certificate (AMC)
Actively Manages Certificate (AMC)
Setup
Process
The Advisor (VWRP) advices the manager with trading recommendations
The Manager (Everon) which is FINMA regulated, transmits these recommendations to the Issuer (Morgan Stanley) of the AMC
The Issuer is trading accordingly and assure the AMC reflects the new positions and weights recommended by the Advisor
The Investor on the other hand buys and holds the same instrument over a longer period of time without the need to engage in any further transaction for rebalancing
Advantages
Professional Management – Portfolio is actively managed by experts
Flexibility – Allows investment in various asset classes (stocks, bonds, alternatives, etc.)
Independance – No minimum holdings in specific asset classes required compared to e.g. EQ funds
Transparency – Quarterly performance updates
Cost-Efficiency – No recurring trading costs for the end client
Liquidity – Daily liquidity to increase or decrease client position