Two new funds will be listed on the Amsterdam exchange on 6 February: an AEX index tracker and a Euro Stoxx 50 index tracker.
ABN AMRO is offering these funds to address the growing demand for passive funds. Passive investing means investors follow a pre-determined index in an investment fund. These products are referred to as 'trackers'.
Jan Erftemeijer of ABN AMRO Markets: "In the USA, we have seen the balance between active and passive investing shift towards passive over the past few years. In Europe, including the Netherlands, we are seeing a similar trend."
The American market for trackers totalled USD 1,578 billion at year-end 2013, compared with USD 1,213 billion at year-end 2012. The market in Europe expanded as well, going from USD 331 billion at year-end 2012 to USD 388 billion one year later (*).
Adriaan Kootstra, responsible for managing the trackers: “We are offering two simple and transparent funds. Investors want to understand what they are investing in and the risks involved. We kept that in mind, so with our trackers ‘what you see is what you get’. The two funds are simple in that they are cost efficient and simply follow the index. They are transparent in that they do not make use of any complicated financial tools and do not engage in the practice of SB/L (Stocks Borrowing Lending)."
Investors can start investing in both trackers on 6 February. For more information, please go to abnamromarkets.nl
(*) source ETFGI