ABN AMRO offers UAE investors China-linked investment opportunity
ABN AMRO in the United Arab Emirates (UAE) has launched the China Opportunity Note II - a 100 percent capital protected Structured Note.
This Note follows the positive performance of ABN AMRO's earlier China Opportunity Note I, which has resulted in returns for investors appreciating in value by over 20 percent since its launch in August 2003.
The launch of China Opportunity Note II is part of ABN AMRO's focus to diversifying clients' investments into emerging market equities. China is one of the fastest growing economies in the world. Led by strong domestic consumption and investment, the economy is expected to grow by more than eight percent this year. The bank believes that Chinese equities should continue to see gains again in 2004. To achieve growth in the Note, ABN AMRO has carefully selected the basket to include the best performing index and funds.
The notes are being offered in two tranches – a 100 percent protected Tranche A and a 90 percent protected Tranche B. Denominated in US dollars, the notes invest in an underlying ABN AMRO China Opportunity Index comprising of a unique basket that showcases both passive and active components. Fifty percent of the asset value will be invested in the passive component – Hang Seng Freefloat Mainland 25 Index, which is one of the most representative and best performing indices covering mainland China constituting the top 25 Hong Kong listed Chinese companies.
Netherlands-based ABN AMRO is an international bank with total assets of €601 billion. It has over 3,000 branches in more than 60 countries and territories, and has a staff of over 100,000 full-time equivalents worldwide. — (menareport.com)
© 2004 Mena Report (www.menareport.com)