AMC stands for Actively Managed Certificate. is a flexible and transparent investment solution that gives investors direct access to professionally managed investment strategies. Combining the efficiency of structured products with the expertise of active portfolio management, an AMC acts as a streamlined “wrapper” around a carefully designed investment strategy or selected underlying assets. By investing in an AMC, clients gain exposure to a dynamic portfolio that can be actively adjusted to capture market opportunities, manage risk, and respond to changing market conditions. The certificate’s value tracks the performance of the underlying strategy, allowing investors to participate fully in its upside while benefiting from clear pricing and straightforward access.

How an AMC Works: Imagine an AMC designed around a *global equity momentum strategy*. Investors purchase the certificate, and the invested capital is allocated across a basket of international stocks that show strong upward trends. The portfolio manager actively rebalances the holdings—adding new high-performing stocks and reducing exposure to weaker ones. As the value of the underlying stock portfolio rises or falls, the price of the AMC adjusts accordingly. Investors can buy or sell the certificate through their bank or broker, gaining efficient access to an actively managed strategy without the complexity of managing individual securities themselves.