ABN AMRO Investment Management has appointed CACEIS as fund administrator to its newly launched UCITS ETFs which have been listed on Euronext Amsterdam since February 6, 2014.
Following an 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, says CACEIS. 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 order book or on the closing NAV of the day.
According to Bart Mantje, director at ABN AMRO Investment Management, “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.”
ABN AMRO Appoints CACEIS For Two New UCITS ETFs
ABN AMRO Investment Management has appointed CACEIS as fund administrator to its newly launched UCITS ETFs which have been listed on Euronext Amsterdam since February 6, 2014.
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