A book that accompanies readers through the world of certificates, going from the basics to investigating the most advanced themes and aspects, known only by industry professionals.
After a first introductory section, where the types of certificates are described, the book, with a matter-of-fact and operating approach, describes the selection criteria and how to build and manage an efficient portfolio.
The authors then deal with leverage certificates, showing how to correctly use them both to speculate and as a portfolio hedging instrument.
The last section investigates the tax aspect and the behaviour of certificates when extraordinary events occur, such as in the case of a capital increase, takeover bid or extraordinary dividend.
The book aims to make savers aware and autonomous in selecting, building and managing a certificate portfolio that is efficient in achieving their financial objectives with a limited degree of risk.