ABN AMRO Funds said is launching the ABN AMRO High Yield Bond Fund, a new fund aimed at providing investors with interest income and capital appreciation.

"ABN AMRO has been successfully managing a high yield product for its private and institutional clients, so it was a natural progression to offer a mutual fund to a wider audience based on the same time-tested strategy," said Kenneth Anderson, president and chief exec of the firm. "By adding a high yield product to the other funds we offer, we give our shareholders another option for diversifying their portfolios."

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