ABN AMRO launches Hong Kong’s first ever Zero Certs
ABN AMRO has announced the launch of Hong Kong’s first ever Zero Strike Participation Certificates – an innovative financial instrument that gives retail investors easy and cost-efficient access to alternative markets and asset classes.
Termed Zero Strike Participation Certificates or Zero Certs, the certificates are similar to index warrants but with an exercise price of near to zero.
This makes the Zero Certs a non-leveraged product and the price of the certificates will not be affected by implied volatility. Zero Certs also give easy access to unique thematic investment indices, providing investors with an alternative investment avenue that follows global trends in macroeconomics and even personal behaviour variations. — www.theasianbanker.com (January 30 2008)–