About investment products
Investment certificates (also known simply as certificates) are securities that enable investors to benefit from the performance of an underlying instrument. Underlying instruments can be equities or indices, but also commodities, bonds or other securities. However, certificates may also be linked to themes or strategies, with investment in several equities or underlying instruments. These may be selected by sector or by other criteria. Certificates enable investors to speculate not only on rising or falling prices, but also to benefit from various stock market trends.
Certain certificates, for instance, allow investors to make attractive gains in sideways phases, but certificates can also be used for full or partial hedging against price losses. These securities have a lower risk profile than the underlying instrument. Other certificates have a similar opportunity/risk profile to that of their underlying instruments, such as index certificates which investors can use to track the performance of an index on a one-to-one basis. Other certificates again bring exceptionally high gains from the performance of the underlying instrument, thus offering the investor a higher risk/reward profile than a direct investment in the underlying instrument.