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ABN AMRO UAE's Africa Resources Index takes advantage of a new growth market
- United Arab Emirates: Monday, April 28 - 2008 at 12:23
- PRESS RELEASE
ABN AMRO Equity Derivatives has steadfastly held its 'first to market' position of bringing several MENA region equity linked certificates to UAE investors.
Africa, with its legendary natural resources wealth is increasingly becoming a lucrative investment play for Middle East investors.
The continent has huge commodity reserves that have largely gone untapped. Previously, the investment interest was focussed on South Africa and to a lesser extent in Nigeria, but now the attention of Middle Eastern nations and the world is growing towards the countries of Central Africa.
Driven by China's interest in Central Africa's commodity reserves, it has already stepped up its commitment by launching infrastructure projects and extending credit to local institutions.
Middle Eastern countries are similarly increasingly their investment activity in Africa.
Against this background, ABN AMRO's Africa Resources Index linked certificate offers a simple product to participate in the growth of these new frontier economies.
The Index tracks large cap companies in Central African countries like Angola, Cameroon, Congo, Gabon, Ghana, Namibia, Uganda, Tanzania, Zambia, Zimbabwe etc.
The ABN AMRO Africa Resources Index certificates have shown a strong performance history since launch one year ago - which is up by 38% in value.
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Posted by Eman Hassan
