On Monday this week, ABN Amro Asset Management announced the launch of its Behavioural Finance Japan Fund in Asia.
ABN Amro said that 'the decision to launch the fund has stemmed from the success of two similarly managed funds in Europe which used a 'proprietary quantitative model to examine the psychological effects that influence investors' decision-making (buying/selling) behaviour.'
Carol Wong, head of investment fund services in Hong Kong, states: 'Our investment approach translates these psychological effects into specific, measurable variables upon which the model functions, picking the best performing stocks out of the investment universe. We've taken what is a very new and popular investment style in the US and Europe and adapted it for use in Asia. Essentially, we’ve developed a very rational and truly dynamic approach to investing in, and profiting from, what can often be considered an irrational and volatile market.'
The fund, which is the first of its type to be opened in Asia, will be managed by experts in the Structured Asset Management department in Hong Kong, and will be Yen-dominated with the MSCI Japan index as its performance benchmark. Due to be listed on the Luxembourg stock exchange as part of Luxembourg ABN Amro Funds (SICAV), the fund is authorised and registered for sale in Hong Kong and Singapore.
ABN Amro is a global banking group performing global asset management activities on behalf of institutional, private and retail clients. It manages over EUR 130 billion in over 300 mutual funds and segregated mandates with a presence in over 30 countries. ABN Amro Asset Management has an international network with five locations in Amsterdam, London, Chicago, Hong Kong and Singapore.
In a statement released by ABN Amro, Frank Kusse, head of ABN Amro Asset Management in Asia and the Pacific, stated: 'After extensive development and testing efforts, we're delighted to unveil what we feel is a sophisticated and completely new investment product to the Asian market. The size and breadth of the Japanese stock market, coupled with its high liquidity and volatility, allows us to adopt a truly systematic and structured approach and seize profit opportunities regardless of the overall market condition.'
The introduction period is scheduled for 12 February-7 March 2001 with an issue price of JPY 5,000 and a minimal investment of JPY 50,000.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment