ABN AMRO keeps new fund short

But is it sweet?

Competition among fund managers in Hong Kong to attract retail money into guaranteed mutual funds is forcing bigger guarantees over shorter amounts of time.

ABN AMRO Asset Management is now offering a fund that guarantees 108% of the principle, which is at the high end of the range, and only over a maturity of 2.5 years, which is at the short end. More money sooner, in other words.

It is a foreign exchange product based in Australian dollars, so the...

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