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ABN rethinks portfolios after roadshows

ABN Amro has refined and improved its managed portfolio service following

feedback from IFAs on its recent nat^_ional roadshow tour.

It is retaining its three basic portfolio disciplines of growth, balanced

and income but will define the objective of each more clearly by reference

a target portfolio yield.

The target yield for growth will be less than 1 per cent, the balanced

between 2.5 per cent and 3 per cent and the income 5.5 per cent or more.

ABN is also dropping its WM private-client indicators because they have

proved unpopular with clients. New composite benchmarks will more

accurately reflect the objective of each portfolio and should be logical.

Asset allocation will be based on ABN&#39s global app^_roach and will be

refined for UK investors by the policy committee. It is also using the

services of a team of independent third-party analysts to add value to fund


Product and communications director Nick Wells says: “The changes we have

made are evolutionary and will provide a tighter structure to the service.

As the demand for personalised investment solutions increases, managed

portfolio services are becoming more popular.”


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