Thursday, June 14, 2007

ABN Amro Plans to Raise $500 Million in Asia for Commodity Investment Fund

(Bloomberg) -- ABN Amro Holding NV, which markets
investor Jim Rogers' commodities indexes, expects this year to
win $500 million of investments in commodities products in Asia
driven by demand from insurance companies and money managers.

The products will offer a ``hedge-fund type strategy'' so
investors can benefit from declines as well as gains in
commodities, Matthew Wong, head of private investor products in
Asia for ABM Amro, the biggest Dutch bank, said in Shanghai
yesterday. The investments are raised in Asia outside of Japan.


Read more at Bloomberg Emerging Markets News

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