ABN Amro zero dividend preference guidelines

ABN Amro is assisting clients that invest in zero dividend preference shares by suggesting characteristics they should look out for in the zeros market. Having laid out parameters, ABN Amro has a quantitative ranking system for zeros, which provides a general feel for their characteristics. This has been running for three months and is sent out to specific clients. David McFadyen, senior analyst, global investment funds, said that sound zero characteristics depend on the percentage of assets the zero has in other highly geared products, and the percentage of assets exposed to other s...