Last updated: 10:22 / Thursday, 20 March 2014
Listed on Euronext Amsterdam

CACEIS to Administer the First Two ABN AMRO Basic UCITS ETFs

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CACEIS to Administer the First Two ABN AMRO Basic UCITS ETFs

ABN AMRO Investment Management B.V. has launched the first two ABN AMRO Basic UCITS ETFs which have been listed on Euronext Amsterdam.

Following a long RFP process, ABN AMRO awarded the fund administration mandate to CACEIS, which is responsible for providing accounting and related services to the funds.

The two ABN AMRO Basic UCITS ETFs respond to the strong demand for passive investment fund solutions in the market. The Dutch domiciled funds invest in a physical basket of shares which replicates the complete composition of the tracked index. The funds do not make use of securities borrowing and lending, and therefore there is no counterparty risk with the ETFs. They can be bought in the orderbook or on the closing NAV of the day.

According to Bart Mantje, Director at ABN AMRO Investment Management, “We are delighted to be able to offer these high quality investment solutions to the market. We believe that ABN AMRO Investment Management, combined with the advanced ETF fund administration services of a leading provider like CACEIS demonstrates our willingness to respond to the market’s demands for simple and transparent investment opportunities”.

Joseph Saliba, Deputy CEO of CACEIS said, “We have been working closely with ABN AMRO Investment Management to ensure that our market-leading ETF servicing capabilities are precisely tailored to our client’s requirements. The CACEIS group is also strengthening its commitment to the entire Dutch market, as our new banking license enables us to greatly extend the range of services available to clients through our Amsterdam office.”
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