How Liquid Is an AMC in Practice?

Most investors ask the same question before allocating capital to an actively managed certificate (AMC):

“Can I actually get in and out without pain?’’

Because if you can’t sell when you want - that’s risk - not opportunity.

In real markets, liquidity isn’t about buzzwords - it’s about transaction cost and exit certainty. Traditional ETFs, for example, have two layers of liquidity:

• Primary market liquidity is driven by the underlying assets. Dealers can create or redeem shares to meet demand.

• Secondary market liquidity arises from trading volume and the bid-ask spread investors see on screen.

That means a vehicle listed on an exchange can be liquid even if its own trading volume looks modest. What really matters is how easily the underlying exposure can be traded and how tightly buyers and sellers align in price.

Now here’s the practical part for AMCs issued by iMaps:

• ETIs trade on the Börse Stuttgart just like ETFs or shares - you can buy or sell them through your broker during trading hours (for iMaps AMCs those are 9 – 17.30 CET).

• iMaps structures and lists these products with daily market liquidity, meaning order books are live every business day based on investor interest and exchange mechanisms.

• For investors, that translates into quick execution and transparent pricing - not waiting days, not guessing whether a buyer will show up. Quotes and spreads are visible on screen in real time.

In the end, liquidity isn’t a promise. It’s a mechanism.

And when designed properly, it turns an investment idea into something investors can actually use.

Interested in learning more about iMaps AMCs or launching one of yours? Let’s talk!

PS: You can use the following links to easily book an e-meeting with us: https://meetings.hubspot.com/jeffrey-alldis (Jeffrey Alldis) or https://meetings.hubspot.com/herbert-hakala (Herbert Hakala)