NETHERLANDS – Rabobank’s asset management division Robeco has launched a new bond and options fund based on the Dow Jones Euro Stoxx index, while closing three other funds.
The Robeco Euro Stoxx 50 Garant Dec 02/09 fund’s subscription period runs from Friday November 29 to December 17. It will be limited to 60 million euros.
The new fund is launched as Robeco has had to close three other funds under the Robeco Zelfselect banner due to very low asset levels. It has terminated the Robeco Zelfselect Belgie, Italie and Verenigd Koninkrijk offerings. They were last listed on Euronext Amsterdam on November 29.
“These funds have had very low asset levels for a considerable time,” Robeco said in a statement.