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Fund administration

CACEIS to administer first two ABN AMRO Basic UCITS ETFs

ABN AMRO has awarded the fund administration mandate for the first two ABN AMRO Basic UCITS ETFs, which are now trading on Euronext Amsterdam, to CACEIS.

CACEIS will provide accounting and related services to the funds.
The two ABN AMRO Basic UCITS ETFs respond to the 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.
Bart Mantje, director at ABN AMRO Investment Management, says: “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, says: “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.”

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