ABN AMRO banks on simplicity selling

In response to growing demand, ABN AMRO has launched GLO-MAX, a structured product purported to offer investors the simplicity of a structured investment that assured outcome certainty.

ABN AMRO head of retail structured products Paul Cordeiro said the new product would suit varying investor appetites and profiles, while offering defined outcomes, international exposure and capital protection.

“GLO-MAX combines a capital guarantee at maturity, the choice of a conditional annual coupon and exposure to an equally weighted portfolio across international equities, property and commodities,” he said.

According to Cordeiro, GLO-MAX is set over a five year period, with assured growth exposure to portfolio returns in the final 12 month period. The product also features a 20 per cent ‘lock in’ feature, which is triggered whenever gains of 15 per cent or more per annum are achieved.

Investors will also be guaranteed a return on their total amount initially invested at the end of the period, exposing them to upside returns only.

“GLO-MAX offers investors equal exposure to the most popular global asset classes in a simple structure aimed at maximising returns,” Cordeiro said.

“It presents an effective ‘set and forget’ product for growth investors seeking protected exposure to international markets that would otherwise incur reasonable risk and complexity.”