BusinessTimes
CMS Trust Management Bhd, the unit trust arm of Cahya Mata Sarawak Bhd, has teamed up with OCBC Bank to launch its first structured fund.
Dubbed the Financial Recovery Structured Fund, it will increase CMS Trust's fund capacity to four billion units from the 3.8 billion units, which equates to a potential increase of RM200 million worth of new assets under its management.
It is a three-and-a-half-year close-ended unit trust fund that invests mainly in structured products.
Investors are assured of 100 per cent capital preservation upon maturity as well as potential additional returns of quarterly coupon payouts of up to eight per cent per annum. This is done through investments in a basket of up to six global financial stocks.
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