EUROPE - ABN AMRO Global Liquidity Fund (GLF) grew by more than e1bn to e3.2bn in the first six months of this year, increasing its market share by more than 2%.
The fund invests in short term quality instruments, with the aim to make more effective use of corporate treasuries and financial institutions’ cash balances.
“On the pensions side there is a focus on security of the investments, and a little bit less on return, given the turmoil we had in the previous year” said Sander Boelen, director of sales, liquidity services at ABN AMRO.
“In that sense it’s helping us grow these types of assets or funds, where they will be used as a vehicle to park a part of the cash. Many pension funds will have a large proportion of cash in their portfolios at the moment waiting to see where the market is heading to before they invest.”
Of e3.2bn in the fund, pension money accounts for around 5%, but most of this has come into the fund only in the last year, said Boelen.
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