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Discount Certificates An Alternative to Stock Investments
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Executive Summary
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TABLE OF CONTENTS
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LIST OF ABBREVIATIONS
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LIST OF FIGURES
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LIST OF TABLES
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1 Introduction
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2 The Discount Certificate
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2.1 Definition and General Information
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2.2 Markets for Discount Certificates
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3 Differentiation of Discount Certificates and stocks
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3.1 Opportunities and risks
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3.2 Evaluation
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4 Behavior of Discount Certificates in Differen tMarket Scenarios
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4.1 Assumptions
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4.2 Five Market Scenarios
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4.2.1 The Growth Scenario
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4.2.2 The Moderate Growth Scenarios
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4.2.3 The Stagnation Scenario
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4.2.4 The Moderate Decline Scenarios
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4.2.5 The Decline Scenario
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4.3 Special considerations when investing in discount certificates
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4.4 Evaluation and Critical Review
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5 Strategies for investing into Discount Certificates
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5.1 Classic Strategies
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5.2 Unconventional Strategies
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5.2.1 The short maturity strategy
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5.2.2 The low volatility strategy
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6 Conclusion
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REFERENCE LIST
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