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ABN offers diversified investments for wealthy clients

05.03.2008, 18:22 9

ABN Amro has put together three investment products with separate risk profiles, dedicated to Preferred Banking service clients, an offer originally launched in autumn. The Preferred Banking service is the Dutch Bank's equivalent to private banking services, offered by local banks, and targets clients with high incomes and at least 50,000 euros in liquid assets. ABN now offers the opportunity to place funds in RON-denominated bonds issued by the German state-run bank KfW, in fund units of Pioneer Asset Management, or in foreign exchange structured deposits. According ABN representatives the three products carry different risk profiles and can be customised. KfW bonds are a very low-risk placement alternative, but they can fetch higher yields than regular deposits. Clients that want to take bigger risks, in the hope of a higher gain, can place their money in fund units. ABN distributes units for four funds managed by Pioneer Asset Management, with varying risk profiles, which range from placements in sovereign bonds, as well as placements on the capital market. Clients willing to take on even higher risks can place their money in deposits in alternative currencies, which rely on the exchange rate.

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