Tracker Certificate

This type belongs to the category of structured products with participation.

The income and loss on the certificate depend completely on the changes to the underlying asset price. Tracker certificates can be both of bull and bear type. The first one is oriented towards the growth of the underlying asset, the second – towards its fall.

The advantage of this certificate is the potential for unlimited income, the disadvantage –the lack of protection against unfavourable changes in the underlying asset price. Its usual underlying asset is an index of shares (including foreign ones), which saves investors money, since there’s no need to buy shares in this index separately.