Bank targets investors with open-ended certificates
ABN Amro believes that retail- and private-banking clients in Asia will become major users.
ABN Amro is bolstering its platform for open-ended certificates in Asia. It along with Deutsche Bank is the leading provider of such products in the region, and ABN sales executives reckon certificates could one day outpace investor interest in exchange-traded funds.
Miles Ashton, head of sales in Asia for private investor products at ABN Amro, says the bankÆs product platform has mushroomed from 4,500 items, including open-ended certificates, at the beginning of the year to over 10,000.
These are relatively...
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