ABN AMRO launches Open-Ended oil and metal certificates in Sweden
Stockholm, 28 November 2006 – ABN AMRO today launched new Open-Ended certificates on oil and the most popular precious and base metals - gold, silver, copper and zinc – for the first time ever on the Nordic market. The certificates are structured products with no fixed maturity (open- ended) and will be tradable on the stock exchange.
“ABN AMRO is well known for its commodities trading and has extensive expertise in the oil and metal markets all over the world. Our unique combination of global knowledge and local intimacy enables us to provide cutting edge products to address the strong interest in commodities among Swedish investors”, said Niklas Åkerfelt, Head of Nordic Distribution, responsible for the structured products range.
“Oil and mining stocks have long been popular among Swedish investors, but now investors can invest directly into the different commodities in a very easy and transparent way”, Åkerfelt said.
The certificates give investors exposure to commodity price changes. Because commodity prices generally reflect inflation, investing in that asset class provides direct protection against inflation risk.
This is ABN AMRO’s second innovative offering of certificates in the Swedish market. Biofuel, clean renewable energy and water certificates were launched on November 1.
Retail investors can buy ABN AMRO certificates via their current deposit accounts. ABN AMRO is the market maker, guaranteeing continuous liquidity. More information can be found on www.abnamromarkets.se.
ABN AMRO’s global structured products business serves private investors and institutions. This product group offers more than 22,000 products referencing multiple asset classes across 25 countries. The group is ranked Number One provider in The Netherlands and was recently named Number One in Germany - the only foreign issuer to achieve this accolade. So far in 2006 it has received 12 awards for offering the best structured products across a range of categories, as well as for the best web site and best distributor.
Media enquiries: Katja Margell – ABN AMRO - +46 (0) 8 5723 5130
Notes to editors
Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 986 bln (as at 30 June 2006). It has more than 4,500 branches in 53 countries, and has a staff of more than 110,000 full-time equivalents worldwide. ABN AMRO is listed on Euronext and the New York Stock Exchange.