12% return guaranteed by ABN AMRO's Premium Growth Series

ABN AMRO the Anglo-Dutch global bank has rolled out the fourth installment of the Premium Growth Unit Investment Series; a 3-½ year investment plan with a US denominated structured note.

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By  Massoud Derhally Published  August 12, 2001

ABN AMRO the Anglo-Dutch global bank has rolled out the fourth installment of the Premium Growth Unit Investment Series; a 3-½ year investment plan with a US denominated structured note.

The bank which is ranked sixth in Europe and seventeenth in the world on tier 1 capital, with over 3,500 branches, a staff of some 110,000 and total assets of EUR 543.2 billion has 15,000 customers in UAE who participate in investment products. The fourth installment of the Premium Series has a minimum investment of $10,000 with subscription running until 6 September 2001.

People have burned their fingers badly in the past two years resulting in loss of confidence in financial markets. Interest rates are going down and the US Federal Reserve is expected to make another cut in the medium term. Ultimately this affects the deposit rates in the UAE. In light of this, ABN AMORO has pioneered a series of products because fixed income and deposits do not provide high levels of return, and we wanted to provide capital protection to our customers,” Sudhanshu Garg, Business Manager Investment Products at ABN AMRO told ITP.net.

Commenting on what differentiated ABN AMRO’s products from local and foreign competitors in the UAE market, Garg said, “ABN AMRO’s Premium growth Unit Investment Series guarantees 12% return in three and half years, which is higher than a depositary rate, a 100% capital guarantee at maturity and our differentiator is that our fund is linked to the NASDAQ 100 and the S&P 500.” According to Garg, many of ABN AMRO’s clients also invest in also mutual funds, alternative investments, direct equity participants and preferred stock.

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