TheStar
PETALING JAYA: HLG Unit Trust Bhd and Hong Leong Bank Bhd (HLB) recently launched the GEM Resources Strategic Fund to leverage on the current inflationary situation.
The fund, which would invest in global resources and global emerging markets equity securities, was structured to take advantage of current market uncertainties.
In a statement yesterday, HLG said the fund was a growth and income fund to provide protection against inflation and long-term growth of capital.
It would invest in global resources-related equity securities of companies involved in the extraction, processing, transportation and distribution of natural resources of any kind, in any part of the world.
HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the fund would invest in natural resources, which was one of the few asset classes that benefited from inflation.
He also said the fund would also invest in global emerging markets equity securities for long-term capital growth.
The fund has a total approved fund size of two billion units priced at 10 sen per unit during the initial offer period.
Minimum initial investment is RM1,000 while the minimum additional investment is RM1,000.
Newgate Capital Management LLC is the external foreign investment manager to manage the global equity securities of the fund.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Showing posts with label HongLeong. Show all posts
Showing posts with label HongLeong. Show all posts
Wednesday, September 10, 2008
Wednesday, September 12, 2007
New scheme from Hong Leong Tokio
TheStar
KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd has introduced its first capital protection investment-linked scheme, in which returns are benchmarked against the performance of property-related indices or commodities.
Chief executive officer Ezamshah Ismail said the scheme, based on the concepts of Murabahah and Wa'd, was an affordable investment instrument.
He said its returns at maturity were benchmarked against the performance of indices such as the European Public Real Estate Index and the Tokyo Stock Exchange real estate investment trust (REIT) index.
Initial investment starts from RM10,000 with an upfront fee of 3%. “There is also takaful protection of up to 125% of a single contribution,” Ezamshah said at the product launch yesterday.
The three-year syariah-compliant scheme is managed by Hong Leong Tokio Marine Takaful, with Citibank Bhd as the structure provider. It is distributed by Hong Leong Bank.
Hong Leong Bank general manager, wealth management, Karen Ng said the product had a wide target market.
“It is for any individual who wants to always remain invested in global markets,” she said.
Ezamshah, meanwhile, said the company would introduce more products in the future. “The economic (growth) is still on an uptrend,” he said, adding that new products would be driven by market demand.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd has introduced its first capital protection investment-linked scheme, in which returns are benchmarked against the performance of property-related indices or commodities.
Chief executive officer Ezamshah Ismail said the scheme, based on the concepts of Murabahah and Wa'd, was an affordable investment instrument.
He said its returns at maturity were benchmarked against the performance of indices such as the European Public Real Estate Index and the Tokyo Stock Exchange real estate investment trust (REIT) index.
Initial investment starts from RM10,000 with an upfront fee of 3%. “There is also takaful protection of up to 125% of a single contribution,” Ezamshah said at the product launch yesterday.
The three-year syariah-compliant scheme is managed by Hong Leong Tokio Marine Takaful, with Citibank Bhd as the structure provider. It is distributed by Hong Leong Bank.
Hong Leong Bank general manager, wealth management, Karen Ng said the product had a wide target market.
“It is for any individual who wants to always remain invested in global markets,” she said.
Ezamshah, meanwhile, said the company would introduce more products in the future. “The economic (growth) is still on an uptrend,” he said, adding that new products would be driven by market demand.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Subscribe to:
Posts (Atom)