First Gulf Bank (FGB), one of UAE’s leading financial institutions based in Abu Dhabi, is bringing to the UAE market a series of open-ended certificates issued by ABN Amro Private Investor Products.

This initiative is tailored to meet the financial needs of First Wealth clients, FGB’s dedicated wealth management service, said an official spokesman.
 
Set up to target the UAE’s, and the region’s High Net Worth Individuals (HNWI), and mass affluent segments, First Wealth provides a comprehensive range of investment products and services tailored to the financial planning needs of local and expatriate clientele.

These certificates enable investors to gain exposure to the performance of an index, a sector, a commodity or interest rates over the medium to long term. And as the name suggests, open-ended certificates do not have fixed expiry dates meaning that investors can pursue their investment goal for as long as they please.

The investment performance of these certificates will parallel the performance of the underlying asset. Open-ended certificates are available on a wide range of underlyings.

To begin with, FGB is launching trackers on European, US, BRIC and Indian equities, and gold commodity with many more to follow by the end of the first quarter.

“With increasing complexity in investment products and their valuations, clients are looking for a transparent platform to invest in various asset classes. With these certificates clients can get an exposure to various indices that can be easily accessed and tracked, giving their portfolio the right balance,” said head of Wealth Management at FGB Mufazzal Kajiji.

'The certificates platform is our most comprehensive portfolio solutions programme. Clients can not only get direct exposure to the underlying asset but also create various risk-return profiles. Unlike many funds which are valued once a day or sometimes once a month, ABN AMRO certificates are valued in real time throughout the trading day with prices displayed on the internet. This gives investors full control to enter or exit the market whenever they wish at a known price,' said head, Private Investor Products, UAE at ABN AMRO Bank, Sudhanshu Garg.

FGB’s First Wealth continues to attract the UAE's and the region's High Net Worth Individuals (HNWI) thanks to the comprehensive range of investment products and services tailored to the financial planning needs of local and expatriate clientele.

First Wealth also oversees clients’ other investment portfolios such as wealth protection, investment-based retirement planning, health plans, savings and insurance, offering a holistic personal finance management service ensuring unparalleled efficiency. - TradeArabia News Service