Rabobank backs index-tracker fund to tune of €1.5bn
RABOBANK has launched a new range of index-tracker investment funds, managed by global asset manager BlackRock. Rabobank said this will meet the needs of customers who want to build up capital in a low-maintenance way. The bank has allocated €1.5bn of its Rendemix assets to the funds.
"The focus is on transparency, simplicity, putting customers' interests first. This entails a clear tariff structure and no commissions. The same applies to investment. Restructuring Rendemix is a key step to the new services," said Pim Mol, a director at the bank.