TheStar
KUALA LUMPUR: OCBC Bank (M) Bhd is offering a new agribusiness fund that allows investors to take a short- to mid-term view on the agribusiness sector against the US real estate sector.
The Agri-Property Outperformance FRNID (floating rate negotiable instrument of deposit) could potentially earn up to 8% a year while enjoying 100% principal protection if the investment were held to maturity, said OCBC Bank in a statement.
The new FRNID, available until Feb 26, measures the performance of six international agribusiness stocks against the iShares Dow Jones US Real Estate Index Fund.
It named the six stocks as ArcherDanielMidland Co, Bunge Ltd, Monsanto Co, Agrium Inc, Degree & Co and Nestle SA.
For a minimum deposit of RM100,000, an individual may take up the FRNID and the maximum amount per NID certificate is RM10mil. – Bernama
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