ABN AMRO launches tool for charity donors: Philanthropy for everyone
Simple tool to overcome the principal concerns about donating
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Simple tool to overcome the principal concerns about donating
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 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.
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.
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, Rabobank and BNP Paribas team up with Neumann Kaffee Gruppe (NKG), IDH, and USAID to support smallholder coffee farmers in Kenya, Honduras and Mexico.
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 Bank today became one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change
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.
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.
Equities out of favour, commodities weighting changed to neutral
People in the Netherlands believe they can play an important role in making society more sustainable, especially in matters relating to food, clothing and recreation. When it comes to mobility, energy and housing they expect the government to take the lead. A large majority feel that business and government should be trailblazers in these areas.
Nearly half of Dutch people is open to experimenting with Mobility as a Service (MaaS): a travel subscription allowing them to use a whole range of shared and public transport, the idea being that a real-time app advises them on the most efficient route to take, regardless of the type of traffic. That said, their willingness to switch is contingent on this new mode of transport taking them to where they want to go in as easy a way as they can currently get there using their own cars, motorbikes or bicycles.
ABN AMRO yesterday announced it will enhance its bank-wide Mission 2030 to include the standards agreed in the Paris climate accord. In its 2030 mission, the bank set the goal to have its own buildings achieve at least energy label A by 2023 and to attain an average label A for the entire ABN AMRO-financed residential and commercial property portfolio by 2030. ABN AMRO now adds that its own buildings should be ‘Paris-proof’ by 2030.
In the Netherlands, pupils at schools in deprived neighbourhoods have a significantly more difficult time than children attending schools in conventional neighbourhoods, with 93% of teachers regularly seeing children with problems at school. The corresponding figure in conventional neighbourhoods is 59%. Breaking down the problems into separate groups reveals an even more worrying picture. For example, 87% of teachers indicate that pupils in deprived neighbourhoods often have underdeveloped language skills, versus 23% in conventional neighbourhoods. For concentration difficulties, the breakdown is 72% versus 57%, and the difference in experiences with large numbers of pupils with learning deficiencies is a staggering 40% (70% as opposed to 30% in conventional neighbourhoods). These are findings from a study carried out by MWM2 for Jeugdeducatiefonds (Education Fund for Children), Stichting Kinderpostzegels Nederland (Dutch Children’s Charity Stamps Foundation) and ABN AMRO Foundation. Today the organisations present the results at a seminar entitled ‘Unequal Educational Opportunities’.