ABN AMRO New Zealand Limited ("ABN AMRO") enters the market with an interesting capital protected equity product called "Global Equities Hindsight Securities".

The offer which is open until December 14th, are 5 year NZD denominated securities that offer investors the opportunity to participate in developed equity markest (USA, Europe and Japan) and four emerging markets: Brazil,Russia, India and China ("BRIC").

Key features of the fund are its capital protection. ABN AMRO was recently bought by a consortium of banks led by Royal Bank of Scotland. The company currently has AA- Standard and Poor's rating and it is one of the largest banks in Europe.

Another feature of the securities are that they have a monthly redemption option, which provides investors with some liquidity.

A key benefit of the ABN AMRO Global Equities Hindsight Securities is how the exposure to the underlying markets is allocated. As compared to an investment that allocates fixed weightings to different asset classes at inception, the exposure of the Hindsight Securities is determined at maturity, when the final averaged return for each market index is known.

The mechanism allocates investments in order of performance.

In effect, investors receive the greatest exposure to the "Best Performer" and the smallest exposure to the "Worst Performer".