ABN AMRO Ventures to participate in Penta’s EUR 18.5 million fundraise
Penta is the fast-growing German digital platform for business banking
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ABN AMRO increases risk in stocks and bonds portfolio
ABN AMRO has decided to increase the risk a little in the composition of its stocks and bonds portfolio. The asset allocation now reflects a somewhat stronger preference for stocks, with the weighting upped from neutral to slightly overweight. ABN AMRO is also easing away from high-quality but low-return eurozone government bonds, investing the proceeds from sales of these bonds in euro corporate bonds and emerging market debt. ABN AMRO continues to steer clear of bonds in general.
ABN AMRO Ventures Invests in Fenergo
ABN AMRO Ventures is investing in Dublin-based Fenergo, a provider of Client Lifecycle Management (CLM) software. The company is a proven market leader within the operational CLM, Know Your Customer (KYC), Anti Money Laundering (AML) and Client Due Diligence (CDD) space, all of which are key priorities for ABN AMRO and the financial industry in general.
ABN AMRO: ‘Economic break in the clouds justifies balanced investment portfolio for 2020’
Based on what appears to be a break in the clouds for the economy, ABN AMRO recommends that investors maintain a balanced portfolio going into 2020. The bank presents an outlook on the new investment year, in which investors are encouraged to limit their exposure to bonds, continue investing in shares, and keep a buffer in cash.
ABN AMRO Digital Impact Fund doubles to EUR 100m
ABN AMRO's Digital Impact Fund (DIF) has doubled its assets under management from EUR 50 million to EUR 100 million and will continue its activities under the name ABN AMRO Ventures. With this expansion, ABN AMRO Ventures can continue to invest in cutting-edge solutions that are shaping the future of financial services in general and more specifically our organisation.
ABN AMRO increases its equity exposure
ABN AMRO has decided to increase its exposure to stocks at the expense of cash, and has now adopted a neutral stance on the asset class. Bonds remain out of favour. In terms of regions, US stocks continue to be overweight (relative to the benchmark) and European stocks underweight, although both have been reduced somewhat. A number of changes have also been made at sector level, where ABN AMRO prefers the healthcare and information technology sectors.
ABN AMRO sees first shoots of economic improvement
Despite some small, early signs pointing to possible coming improvement in the global economy, ABN AMRO continues to prefer cash over stocks and bonds. ABN AMRO reckons risks and uncertainty still dominate, such as the ongoing US/China trade dispute and China’s economic slowdown. For that reason, equities and bonds are kept at underweight.
Tikkie increasingly used for monthly outgoings
The Dutch don’t just use Tikkie to repay their share of gifts or an evening out: ABN AMRO’s payment service is increasingly also used by people to pay their bit of shared outgoings, varying from insurance to Netflix and Spotify subscriptions. Tikkies to repay shopping expenses are the biggie, though: in the year to the end of September, 30% more Tikkie messages were marked shopping than in 2018.
ABN AMRO’s Digital Impact Fund increases stake in CrossLend
ABN AMRO’s Digital Impact Fund (DIF) has increased its stake in CrossLend, the Berlin-based digital cross-border debt marketplace. Following its first investment in September 2018, ABN AMRO DIF again participated in the latest funding round led by Santander InnoVentures together with existing shareholders Lakestar and Earlybird.
ABN AMRO’s preference for cash unchanged
In today’s uncertain investment environment, ABN AMRO favours a higher stake in cash over other assets, reflecting its earlier decision to reduce risk in its investment portfolios. A relatively large position in cash provides a measure of safety and can be used for future investments when opportunities occur. The bank is currently underweight in both equities and bonds.
ABN AMRO Digital Impact Fund invests in data tech company Trifacta
ABN AMRO Digital Impact Fund (DIF) has acquired a stake in Trifacta, the US-based market leader in data wrangling. The Trifacta technology enables companies to manage their data quality, preparation and pipelines through a platform that is natively integrated with all major cloud providers, removing the critical barrier data wrangling presents to success of analytics and machine learning.
ABN AMRO: reducing risk in investment portfolios
ABN AMRO has taken a little more risk off the table in its investment portfolios, by slightly reducing its exposure to riskier bonds and shifting the proceeds to high-quality bonds. In terms of asset allocation, the bank remains underweight in bonds and shares, with a preference for cash.
Grip app available for Rabobank, SNS and ICS customers
From today, anyone with a Rabobank or SNS current account or an ICS credit card will be able to use ABN AMRO’s Grip app. Grip allows users to check their income and expenses on the go. And with the option of adding other bank accounts, the app provides a more complete picture of their finances. ABN AMRO expects to soon be able to add accounts with other Dutch banks.
ABN AMRO changes asset allocation
Equities out of favour, commodities weighting changed to neutral
ABN AMRO and YES Corporate Finance join forces for SMEs
ABN AMRO and YES Corporate Finance (YES CF) have forged a partnership in order to serve SMEs that require specific advice on acquisitions and business succession.