LC Invest — Value Edge ETI
An exchange-listed instrument backed by a discretionary strategy on gold and the major currency pairs.
- ISIN
- DE000AMC0BZ5
- Listing
- Börse Stuttgart (XSTU) · Wiener Börse (VSX)
- Currency
- EUR
- Issue price
- €100
- Target minimum investment
- €1,000
- Liquidity
- Daily, T+2 settlement
The instrument
LC Invest — Value Edge ETI is a discretionary Exchange Traded Instrument (ETI) — a listed certificate whose composition is actively managed rather than index-tracking.
Exposure is primarily to gold (XAUUSD) and, secondarily, to the major currency pairs: EUR/USD, GBP/USD, USD/JPY.
Risk is fixed at 1%–1.5% of capital per position, with a mandatory stop order on every trade.
The method
Three confirmations must line up before any position is opened: institutional order flow (Smart Money Concepts — liquidity sweeps, order blocks, breaks of structure), price confirmation (Price Action), and a supportive macroeconomic context (FOMC, CPI, NFP, PMI).
Where they do not converge, no position is taken. Hence a deliberately limited trading frequency.
Trade only when the institutional footprint, the price and the macroeconomic context all point the same way.
2025 track record
Results of Luca Cunin’s personal account over 2025, verified by an independent certified public accountant, Paul Bienvenu.
- Opening capital (1 January)
- $25,000
- Closing capital (31 December)
- $145,978
- Total return, net of fees
- +483%
- Compound annual growth rate
- 147%
- Maximum drawdown
- −4.79% (−$3,448)
- Losing months
- 0
- Trades
- 858
- Win rate
- 53.6% (460 of 858)
- Profit factor
- 2.27
- Average gain / loss
- +$470 / −$247
- Best month
- +55.8% (October 2025)
- Weakest month
- +9.6% (November 2025)
These figures are those of Luca Cunin’s personal trading account in 2025. They are not the ETI’s: the instrument had not been launched over that period.
They are provided as informational context and are in no way indicative of the instrument’s future results.
Any backtested data is hypothetical, calculated retroactively and unaudited: it is subject to look-ahead bias and to the risk of over-optimisation.
Past performance is not a guide to future performance. Your capital is at risk and you may lose all or part of the sums invested.
The structure
Four distinct parties, each in its own role — strategy design, regulated management, issuance of the security, and order execution.
Strategy developer
Luca Cunin — LC International LLC
Defines and runs the investment strategy.
Delegate manager
Licensed management company (AIFM)
Alternative investment fund manager licensed by the MFSA in Malta, licence FRMT-10380. Responsible for delegated portfolio management, compliance and risk oversight.
Issuer and market maker
iMaps ETI AG
Im alten Riet 102, 9494 Schaan, Liechtenstein — LEI 5299000ESEDFHHWG3R53.
Executing broker
Interactive Brokers
Executes orders and holds the positions.
Who the instrument is for
Suitable profile
- Investors who understand leveraged currency and precious-metal instruments
- Medium to high risk tolerance
- Investment horizon of at least twelve months
- Seeking capital appreciation
- Experienced retail or professional investors
Unsuitable profile
- Seeking capital preservation
- Unable to withstand a total loss
- No financial knowledge
- Horizon shorter than twelve months
- US persons (excluded)
How to invest
- 1Read the KID and the prospectus.
- 2Check that the product suits your profile and your circumstances.
- 3Open an account with a broker giving access to Börse Stuttgart or the Vienna Exchange.
- 4Place the order through that broker using ISIN DE000AMC0BZ5.
Target minimum investment: €1,000. If in doubt, consult an independent, authorised financial adviser.
Risks
- Market and leverage risk: volatility in gold and currencies can amplify losses.
- Concentration risk: the investment universe is narrow; a sustained adverse move would cause a significant loss.
- Discretionary and key-person risk: the strategy rests on the human judgement of its developer.
- Past-performance risk: the 2025 figures relate to a personal account, not to the ETI, and backtests are unaudited.
- Liquidity risk: spreads may widen in abnormal market conditions, despite market-making.
- Currency risk: the instrument is denominated in euros while positions are held in dollars.
- Counterparty and operational risk: reliance on the issuer, the broker and other service providers.
- Regulatory risk: legal or tax changes may adversely affect the structure and returns.
High-risk product. You may lose all or part of the capital invested. Past performance is not a guide to future performance.
Official documentation
The KID (key information document, PRIIPs regulation) sets out the nature of the product, its risks, its costs and its gain and loss scenarios.
The prospectus and final terms, issued by iMaps ETI AG and approved by the Liechtenstein authority, detail the structure, the investment policy, the fees and the risks.
These documents prevail: where this page differs from them, they apply.