Securitisation
3–5 minutes

What are AMCs?

A comprehensive guide to Actively Managed Certificates.

Transforming investment ideas into bankable, compliant products.

At FCS Capital, securitisation forms the foundation of everything we do — transforming assets and strategies into structured, investible products.
Within this ecosystem, Actively Managed Certificates (AMCs) represent one of the most dynamic and flexible applications of securitisation.

AMCs allow asset managers, family offices, and wealth managers to wrap active strategies — from equities and bonds to digital assets — into bankable, ISIN-listed certificates.

Unlike traditional funds, AMCs offer real-time portfolio management, rapid setup, and lower regulatory complexity, allowing investment ideas to move from concept to market in days, not months.

What is an Actively Managed Certificate (AMC)?

An AMC is a regulated investment certificate that replicates a portfolio managed by an investment advisor or asset manager.

It functions as a flexible, cost-efficient alternative to a fund, allowing for frequent rebalancing and tactical adjustments within a defined strategy.

Investor capital flows directly into the AMC’s portfolio, and the manager can adjust holdings freely in response to market conditions, risk factors, or investor demand.

Each AMC carries its own ISIN, making it fully bankable and accessible through traditional custodian banks.

Why AMCs Work for Everyone

For issuers, AMCs simplify product creation, shorten time-to-market, and remove dependency on bank-driven issuance.

For investors, they offer transparent, customizable, and diversified access to professional strategies across multiple asset classes.

By combining efficiency, adaptability, and transparency, AMCs serve as the bridge between innovation and execution, empowering both issuers and investors to operate smarter and faster.

The FCS Capital Advantage

  • Independent issuance platform: No bank issuer risk.
  • Unlimited scalability: Launch multiple AMCs under one structure.
  • Full control: Choose your custodian, broker, and counterparties.
  • Efficient setup: Rapid time-to-market and lean regulatory requirements.
  • Fee flexibility: Custom management and performance fees.
  • Multi-asset coverage: Equities, bonds, structured products, alternatives, and digital assets.
  • Listing options: Optional Vienna MTF or exchange publication for transparency.
  • Institutional-grade infrastructure: Professional lifecycle management, NAV calculation, reporting, and audit-ready operations.

For Managers: Flexibility, Speed, Control

AMCs are designed for managers seeking agility and independence.

They allow real-time adjustments, cost-efficient trading, and global distribution — all within a regulated securitization structure.

Whether it’s a quant fund, thematic strategy, or multi-asset portfolio, AMCs provide the optimal structure for professional portfolio management.

For Investors: Access, Transparency, and Liquidity

Professional investors gain exposure to actively managed portfolios through a transparent, bankable certificate.

Each AMC provides:

  • Lower entry costs for institutional-grade strategies
  • Full transparency via daily NAV or ISIN-based reporting
  • Custom exposure to asset classes or themes
  • Reduced counterparty risk via independent SPV issuance
  • Full flexibility in the design of the allocation of the AMCs without the limits imposed in the Fund structures

Real-World Applications

Actively Managed Certificates are transforming how modern finance operates.

They have been used to:

  • Launch thematic or ESG-driven investment mandates
  • Deliver structured exposure to private markets or digital assets
  • Enable performance-linked financing or creative economy funding
  • Support impact investing through measurable outcome-based portfolios

In every case, AMCs empower issuers to bring ideas to life within a regulated, investible, and globally bankable framework.

Redefining Active Management

At FCS Capital, we design, structure, and manage AMCs that empower both issuers and investors — bridging the gap between vision and execution.
Whether you are an asset manager seeking flexibility or an investor pursuing transparency, AMCs offer the efficiency and innovation that modern markets demand.

FCS Capital — shaping the next generation of investment products.

Transform Your Investments

Talk to an Expert

Let’s Turn Your Investment Strategy Into A Live, Investor-Ready AMC

FCS Capital delivers FCA and FINMA-backed infrastructure, collateralised SPVs, and global execution access to help professionals launch bespoke, risk-remote AMCs with full confidence.

Talk to Our Team