ABN Amro has received FSA approval to offer its range of Capital Protected Lifecycle funds in the UK...
ABN Amro has received FSA approval to offer its range of Capital Protected Lifecycle funds in the UK. Under a Luxembourg Sicav structure, six funds are now available to UK investors, with 20 more due to launch pending FSA recognition. Each ABN Amro fund has a specified life span and the underlying investments reduce in risk as its maturity date approaches. The offerings invest in cash, fixed income and equity index derivatives with the asset allocation of each offering adjusted over time, according to ABN Amro's global product specialist Lucien Carton. The funds offer a guaranteed value...
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