ABN Amro Opportunities Fund (G) outperforms the Sensex over all time periods

ABN Amro Asset Management (Asia) Ltd. is a wholly owned subsidiary of ABN Amro bank N.V. incorporated in Netherlands. It is headquartered in London and Amsterdam with main units in Atlanta, Chicago, Hong Kong and Singapore. It has commenced it operation from 31 October 2005. ABN Amro Trustee (India) Private Limited, a company incorporated under companies Act, 1956, on 4 November 2003. The fund house manages assets worth Rs.8503.87 crore at end of November 2007.

ABN Amro Opportunities Fund (G) is an open-ended equity-diversified scheme launched in March 2005.The objective of the scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities. The scheme will invest in a range of companies, with a bias towards large and medium market capitalization companies. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs.32.41 as on 4 December 2007.

Portfolio: The total net assets of the scheme increased by Rs.6.39 crore to Rs.294.88 crore in October 2007.

ABN Amro Opportunities Fund (G) took fresh exposure to seven stocks in October2007. The scheme has purchased 1.49 lakh units (2.67%) of Punjab National Bank, 54,715 units (2.32%) of Oil & Natural Gas Corporation, 4.00 lakh units (2.18%) of Industrial Development Bank of India and 3.50 lakh units (2.07%) of Union Bank of India in October 2007.

The scheme completely exited from Tanla Solutions by selling 1.14 lakh units (2.41%), and UTV Software Communications by selling 99,492 units (2.22%) in October 2007.

Sector-wise, the scheme took fresh exposure to Oil Drilling / Allied Services at 2.32% Telecommunications - Service Provider at 1.83%, Auto Ancillaries at 1.48% and Automobiles - Tractors at 0.51% in October 2007.

Sector-wise, the scheme exited completely from Power Generation And Supply at 0.18%, in October 2007.

The scheme had highest exposure to Reliance Industries with 80,035 units (7.55% of portfolio size) followed by State Bank of India with 90,002 units (6.31%), Asian Electronics with 4.17 lakh units (6.05%) and Satyam Computer Services with 2.99 lakh units (4.86%) among others in October 2007.

It reduced its exposure to IFCI by selling 1.49 lakh units to 10.49 lakh units (by 0.97%) State Bank of India by selling 17,729 units to 90,002 units (0.97%), Unitech by selling 1.09 lakh units to 1.90 lakh (0.72%) and Jaiprakash Associates by selling 30,221 units to 44,995 units (0.62%) among others in October 2007.

Sector-wise, the scheme had highest exposure to Banks - Public Sector at 18.57% (from 11.90% in September 2007), followed by Electric Equipment at 12.30% (11.91%) and Computers - Software - Large at 9.31% (9.33%) among others in October 2007.

Sector wise, the scheme had reduced exposure Entertainment / Electronic Media Software to 4.91% (by 3.90%), Computers - Software - Medium / Small to 6.01% (by 3.03%) and Construction to 4.70% (by 1.34%) among others in October 2007.

Performance: The scheme underperformed the category average over most of the time periods. It has out performed the sensex over all time periods.

Over three-month period ended as on 6 December 2007, the scheme posted 27.24% returns under performing the category average of 28.10%. It outperformed the sensex that has posted 26.28% returns during the same time period.