attractive to investors, we launched a new fund,
Trans Europe Fund N.V., which invests mainly
in shares in European companies. Growth to
date has more than met the expectations.
The existing funds, too, expanded by a greater
than anticipated margin. ALRENTA, which
invests internationally in bond issues, increased
its net assets from Fl. 1,156 million to Fl. 1,784
million. The ABN Fixed-income Fund, which
invests in guilder bonds and private loans, saw
its net assets rise from Fl. 313 million to Fl. 449
million.
The results achieved by our principal share-
based unit trusts were again satisfactory in every
respect. Dividends were further increased and
the net asset value rose substantially.
The aggregate assets of the investment funds
which the Bank operates from the Netherlands
and the Netherlands Antilles increased from
Fl. 2,472 million to Fl. 3,547 million.
In addition, the investment funds managed by
our French affiliate, Banque de Neuflize,
Schlumberger, Mallet, and by LaSalle National
Bank displayed satisfactory growth.
In the area of capital management, in which our
clientele comprises private individuals,
institutions and pension funds, the year was one
of spectacular growth, to which active
promotion and a growing awareness of this
specialized service contributed. The steady
increase in the sum of capital involved also
exerts a positive influence on growth.
With the number of clients in the Netherlands
rising by more than 18%, 1985 was an extremely
good year from the point of view of this activity.
As in the previous year, new business accounted
for more than half of the ultimate increase in the
capital managed from the Netherlands.
And as in the area of investment funds, the
foreign branches referred to made extremely
good progress.
48
Head office ofBanque de Neuflize, Schlumberger, Mallet in
Paris, an ABN subsidiary.
Celebrating with the purchaser of the 10,000,000th Alrenta share
to be sold.
Attentive faces among the press at the Trans Europe Fund
launch.
