ABN Amro ceases ETF offering
ABN Amro Investment Management, a subsidiary of ABN Amro, founded at the beginning of 2014, has entered liquidation.
The subsidiary was set up in order to administer the launch of two ETF’s tracking Eurostocks 50 and the AEX, in a bid to play into the growing demand for exchange traded products.
“The products ceased as part of a broader decision within ABN Amro to reduce its offering of structured products” a spokesperson for ABN Amro confirmed.
ABN Amro’s asset management division has been acquired by Fortis in 2008 and subsequently been bought up by BNP Paribas.