ABN responds to Far East

In response to a massive appetite for risk-averse products among investors in the Far East, ABN AMRO is launching its first guaranteed products for distribution in the region. First to launch will be the China Step-up fund, a Hong-Kong dollar-denominated vehicle which has a guarantee of returning at least the original capital. With a fixed lifespan of 3.7 years it gives exposure to a fixed basket of 15 China-related stocks, which derive a large proportion of their earnings from China. The structure is such that whenever the product appreciates by 10% the relevant profit is locked in. ...