ABN Amro has launched a new structured product in an attempt to counter the current uncertainty in global equity markets.
ABN Amro said the product guaranteed that on maturity in 2012, investors would benefit from the strongest performing portfolio that was either overweight in international equities, global property or commodities.
As investors are charged no fees over the product's full life, ABN Amro funds Elixir II by hedging its obligations to investors using swaps and options over the five-year investment term.
Elixir II Securities close to investors on September 17, 2007, however, investors who invest prior to September 3 will receive 8 per cent annualised interest until the securities are issued on September 24, 2007.
The minimum investment in Elixir II Securities is $20,000 and the investment term is five years.
