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Investment certificates

Investment certificates are issued by closedend investment funds. As bearer securities, they may be listed on the Exchange. Investment funds which issue certificates are established for a specified period of time. Their objective is to achieve the highest possible returns on the capital paid in by fund participants, mainly through investments in securities. The fund ceases to exist through a liquidation procedure whereby investment certificates are redeemed and fund participants receive payments according to the number of certificates held and their final valuation.

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