AA Group warrants: unique because they're not listed

ONE of the main appeals of warrants is the gearing they offer - if the underlying shares rise or fall by a certain percentage, the effect is magnified in the associated warrants because of the gearing and therefore traders can earn a higher return.

This week's feature however, is unique because it is a warrant that is not listed. Odd though this may seem, such instruments have been around for a while a…