Certificati di investimento - Cap. 4

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immagino che quelli siano i componenti dell’indice

Certo, ma è un indice AR 5%...

The index replicates the return of an investment into the index components (net dividends reinvested) with a constant dividend markdown of 5% per year, subtracted on an accrued basis. Consequently, the index performs better (or worse) than the standard price index that does not consider dividend reinvestments as long as the overall net dividend yield of the index components is greater (lower) than the value being subtracted.
 
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