CACEIS awarded the administration of the first two ABN AMRO Basic UCITS ETFs

PARIS, 12-3-2014 — /EuropaWire/ — ABN AMRO Investment Management B.V. has launched the first two ABN AMRO Basic UCITS ETFs which have been listed on Euronext Amsterdam since 6thFebruary.

Following a long RFP process, ABN AMRO awarded the fund administration mandate to CACEIS, which is responsible for providing accounting and related services to the funds.

The two ABN AMRO Basic UCITS ETFs respond to the strong demand for passive investment fund solutions in the market. The Dutch domiciled funds invest in a physical basket of shares which replicates the complete composition of the tracked index. The funds do not make use of securities borrowing and lending, and therefore there is no counterparty risk with the ETFs. They can be bought in the orderbook or on the closing NAV of the day.

According to Bart Mantje, Director at ABN AMRO Investment Management, “We are delighted to be able to offer these high quality investment solutions to the market. We believe that ABN AMRO Investment Management, combined with the advanced ETF fund administration services of a leading provider like CACEIS demonstrates our willingness to respond to the market’s demands for simple and transparent investment opportunities”.

Joseph Saliba, Deputy CEO of CACEIS said, “We have been working closely with ABN AMRO Investment Management to ensure that our market-leading ETF servicing capabilities are precisely tailored to our client’s requirements. The CACEIS group is also strengthening its commitment to the entire Dutch market, as our new banking license enables us to greatly extend the range of services available to clients through our Amsterdam office.”

CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.3 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2013).

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Claude Michaux
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Tel.: +352 4767 2792


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