TheEdge
KUALA LUMPUR: HLG Unit Trust Bhd is looking to offer another four to five of its existing products through Maybank’s distribution channel.
HLG Asset Management Sdn Bhd’s executive director/chief executive officer Richard Lin said Maybank had been distributing the HLG Syariah Inflation Select Fund for the past month as well as the HLG Global Value Fund.
“We only select certain products to be distributed by Maybank to ensure it meets the investment criteria of Maybank’s customers,” he told reporters after a strategic agreement signing ceremony between HLG Unit Trust and Maybank here yesterday.
The agreement enables Maybank to be an Institutional Unit Trust Adviser (IUTA) of HLG Unit Trust. Maybank is the 10th IUTA to have joined HLG Unit Trust’s stable of IUTA distributors.
Apart from Maybank, HLG Unit Trust’s stable of distributors comprises Hong Leong Bank Bhd, Standard Chartered Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, HSBC Bank Malaysia Bhd, United Overseas Bank (Malaysia) Bhd, Citibank Bhd, The Royal Bank of Scotland Bhd, Affin Bank Bhd and CIMB Private Banking.
To date, HLG Unit Trust manages 35 unit trust funds, which are distributed nationwide through multiple channels. As of Oct 31, 2008, HLG Unit Trust Bhd had a combined total fund size of RM2.5 billion. — Bernama
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 Maybank. Show all posts
Showing posts with label Maybank. Show all posts
Friday, November 21, 2008
Friday, November 7, 2008
Maybank Islamic offers new fund
BusinessTimes
MAYBANK Islamic Bhd has launched the Maybank Al-Sayf Structured Islamic Deposit (MAS-i), which provides 100 per cent capital protection on principal investment at maturity and a guaranteed payout at the end of each year.
The fund will invest in Islamic Negotiable Instruments of Deposit (the capital protected portion) and the Maybank Al-Sayf Index (annual bonus coupons) which aims to profit from the trend of commodities and benefit in both upward and downward trending commodity cycles.
MAS-i is based on a 3.5 year tenure. There are no upfront fees, management fees, or exit fees.
The minimum investment amount is RM50,000 with subsequent subscriptions of RM50,000. The initial offer period ends on November 20.
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.
MAYBANK Islamic Bhd has launched the Maybank Al-Sayf Structured Islamic Deposit (MAS-i), which provides 100 per cent capital protection on principal investment at maturity and a guaranteed payout at the end of each year.
The fund will invest in Islamic Negotiable Instruments of Deposit (the capital protected portion) and the Maybank Al-Sayf Index (annual bonus coupons) which aims to profit from the trend of commodities and benefit in both upward and downward trending commodity cycles.
MAS-i is based on a 3.5 year tenure. There are no upfront fees, management fees, or exit fees.
The minimum investment amount is RM50,000 with subsequent subscriptions of RM50,000. The initial offer period ends on November 20.
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.
Thursday, April 17, 2008
Maybank launches fund for European equities
TheEdge
KUALA LUMPUR: Malayan Banking Bhd has launched the Maybank Alpha Centurion Structured Deposit (MAC), a 100% capital protection fund that will invest via the Alpha Centurion European Index (ACEI).
In a statement yesterday, Maybank said the capital protection portion was provided via investment in floating rate negotiable instruments of deposits (FRIND), while the potential upside return was obtained from investments in ACEI, which comprises the 100 largest global companies listed on major European exchanges.
It said MAC had a short tenure of two to three years, without any upfront, management or exit fees. In addition, Maybank said its high upside potential did not rely on market timing or direction to generate returns.
Maybank added that MAC would be invested in accordance with the long-short market-neutral Alpha Centurion strategy that systematically and simultaneously bought low and sold high.
It said MAC had a deposit size of RM300 million with minimum investment at RM100,000 and subsequent subscription was RM50,000.
“We developed this product to cater to investment needs of high net worth and mass affluent individuals. Through research, we discovered that these groups of people are very exacting, expecting investments to generate returns regardless of how challenging the market environment might be,” said Maybank senior executive vice president and head of Maybank consumer banking, Spencer Lee.
Based on historical backtesting, he said the maximum upside potential returns was 29.9% for two years and 37.5% for three years.
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: Malayan Banking Bhd has launched the Maybank Alpha Centurion Structured Deposit (MAC), a 100% capital protection fund that will invest via the Alpha Centurion European Index (ACEI).
In a statement yesterday, Maybank said the capital protection portion was provided via investment in floating rate negotiable instruments of deposits (FRIND), while the potential upside return was obtained from investments in ACEI, which comprises the 100 largest global companies listed on major European exchanges.
It said MAC had a short tenure of two to three years, without any upfront, management or exit fees. In addition, Maybank said its high upside potential did not rely on market timing or direction to generate returns.
Maybank added that MAC would be invested in accordance with the long-short market-neutral Alpha Centurion strategy that systematically and simultaneously bought low and sold high.
It said MAC had a deposit size of RM300 million with minimum investment at RM100,000 and subsequent subscription was RM50,000.
“We developed this product to cater to investment needs of high net worth and mass affluent individuals. Through research, we discovered that these groups of people are very exacting, expecting investments to generate returns regardless of how challenging the market environment might be,” said Maybank senior executive vice president and head of Maybank consumer banking, Spencer Lee.
Based on historical backtesting, he said the maximum upside potential returns was 29.9% for two years and 37.5% for three years.
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.
Thursday, March 6, 2008
Maybank’s new fund focuses on HK and Singapore
TheStar
KUALA LUMPUR: Risk-averse investors now have the opportunity to cash in on the robust growth outlook of Asian economies, which are expected to continue to outperform the US economy over the next four years.
Malayan Banking Bhd (Maybank) yesterday unveiled its latest structured product called the Precious Asian fund, a capital-guaranteed investment-linked plan it claimed to be the first one in the market that focused on Hong Kong and Singapore.
“This investment-linked plan is suitable for investors who believe that the Hong Kong and Singapore stock market will outperform the US (market) over the next few years,'' senior executive vice-president and head of consumer banking, Spencer Lee, told a media briefing yesterday.
The new RM350mil fund joins Maybank's portfolio of 13 conventional funds and four takaful funds totalling some RM3.3bil launched to date.
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: Risk-averse investors now have the opportunity to cash in on the robust growth outlook of Asian economies, which are expected to continue to outperform the US economy over the next four years.
Malayan Banking Bhd (Maybank) yesterday unveiled its latest structured product called the Precious Asian fund, a capital-guaranteed investment-linked plan it claimed to be the first one in the market that focused on Hong Kong and Singapore.
“This investment-linked plan is suitable for investors who believe that the Hong Kong and Singapore stock market will outperform the US (market) over the next few years,'' senior executive vice-president and head of consumer banking, Spencer Lee, told a media briefing yesterday.
The new RM350mil fund joins Maybank's portfolio of 13 conventional funds and four takaful funds totalling some RM3.3bil launched to date.
From left: Mayban Fortis Holdings acting CEO Hugo Philip Van Vledder, Spencer Lee and Mayban Fortis CFO Hans De Cuyper.
So far, the Precious Asian fund has attracted some RM70mil worth of investment, and will remain on sale till March 27.
The four-year term plan is expected to generate “good returns” from investments linked to a basket of two major Asian equity indices - the Hang Seng Index and the MSCI Singapore Cash Index - against the Standard & Poor's 500 Index.
Basically, the two Asian indices need to outperform the US benchmark during the four-year period for investors to reap the projected returns.
“At the end of the investment tenure, Precious Asian is expected to provide a potential return of 27.2%,'' Maybank said in a statement.
The latest fund is available at a minimum investment of RM15,000 that comes with financial protection feature underwritten by Etiqa Insurance Bhd.
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.
Tuesday, October 30, 2007
Maybank’s capital guaranteed fund targets Asian equities
TheEdge
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has targeted RM300 million for its newly launched ASEQ Capital Guaranteed fund, the 13th in its investment-linked capital guaranteed series, which invests in Asian equities.
Maybank said yesterday the fund, underwritten by Mayban Life Assurance Bhd, was a single premium investment-linked plan that combined insurance and investments in top performing Asian equities. The plan is open to those aged 18 to 70 years.
Maybank head of consumer banking Spencer Lee said ASEQ Capital Guaranteed “is designed for investors who seek stability and uncapped potential returns via access to a propriety index, which consists of stocks that have potential and showing strong price and earnings momentum”.
The fund also provided several benefits such as affordability, savings and protection to investors, he said.
Lee expects the investment strategy to generate an average potential return of 6.7% per year.
If the underlying investments performed well, the returns would be paid upon maturity, he said.
The minimum entry level for ASEQ Capital Guaranteed was RM15,000 with an investment period of three years and 11 months.
During the offer period, he said the investor would receive free units for investment amounts above RM50,000 per policy with a value-added protection insurance policy providing coverage of up to 125% of the single premium.
“There is considerable risk in directly investing in Asian equities because it requires high capital, infrastructure to access the markets and expertise. With ASEQ Capital Guaranteed, investors are shielded from capital loss if investment is held till maturity,” he said.
Lee said the fund would assist investors to invest in US dollar-denominated equity derivatives on the propriety index, which consisted of 30 to 50 equally weighted stocks from 11 selected countries in the Asia-Pacific.
They include Australia, Singapore, Hong Kong, China, South Korea, Taiwan, Malaysia, Thailand, the Philippines, Indonesia and Pakistan.
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: Malayan Banking Bhd (Maybank) has targeted RM300 million for its newly launched ASEQ Capital Guaranteed fund, the 13th in its investment-linked capital guaranteed series, which invests in Asian equities.
Maybank said yesterday the fund, underwritten by Mayban Life Assurance Bhd, was a single premium investment-linked plan that combined insurance and investments in top performing Asian equities. The plan is open to those aged 18 to 70 years.
Maybank head of consumer banking Spencer Lee said ASEQ Capital Guaranteed “is designed for investors who seek stability and uncapped potential returns via access to a propriety index, which consists of stocks that have potential and showing strong price and earnings momentum”.
The fund also provided several benefits such as affordability, savings and protection to investors, he said.
Lee expects the investment strategy to generate an average potential return of 6.7% per year.
If the underlying investments performed well, the returns would be paid upon maturity, he said.
The minimum entry level for ASEQ Capital Guaranteed was RM15,000 with an investment period of three years and 11 months.
During the offer period, he said the investor would receive free units for investment amounts above RM50,000 per policy with a value-added protection insurance policy providing coverage of up to 125% of the single premium.
“There is considerable risk in directly investing in Asian equities because it requires high capital, infrastructure to access the markets and expertise. With ASEQ Capital Guaranteed, investors are shielded from capital loss if investment is held till maturity,” he said.
Lee said the fund would assist investors to invest in US dollar-denominated equity derivatives on the propriety index, which consisted of 30 to 50 equally weighted stocks from 11 selected countries in the Asia-Pacific.
They include Australia, Singapore, Hong Kong, China, South Korea, Taiwan, Malaysia, Thailand, the Philippines, Indonesia and Pakistan.
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.
Wednesday, October 24, 2007
Maybank launches Islamic fund, focusing on copper, wheat
TheEdge
KUALA LUMPUR: Malayan Banking Bhd launched its first structured Islamic deposit product which would invest in two underlying commodities — copper and wheat — while guaranteeing an annual payment of 2.45% over the four-year tenure.
The proposed RM300 million close-ended fund — STRIDE-i — would invest in copper futures on the London Metal Exchange (LME) and wheat futures on the Chicago Board of Trade (CBOT) respectively.
Maybank’s executive vice president and Islamic banking head Ibrahim Hassan said yesterday STRIDE-i offered total capital protection on the principal investment and guaranteed annual payment of 2.45% over four years or a return of 9.8% at maturity date.
“On a best-case scenario, the syariah-compliant fund would deliver potential upside earnings of up to 39.6%,” he said at the launch of the fund. The initial offer period for the deposit will close on Nov 4.
He said the potential upside was achievable, as the commodities had relatively low risks, due to limited supply and increasing demand for consumption that would drive the prices up.
Maybank would invest in the futures markets of LME and CBOT over a four-year period, Ibrahim said, adding that demand for these commodities would be driven by China and India’s economic and population growth.
“For copper, these two countries have overtaken the US as the largest copper consumer since 2002. They are expected to absorb 41% of the world’s copper supply in 2009, from 36% in 2006.
“For wheat, China and India are already consuming more than they produce especially since they need to satisfy the appetite of 2.4 billion people for noodles, dumplings, bread, pastries and all sorts of cookies. Today, these two nations are estimated to consume as much as 39% of the world’s wheat supply,” Ibrahim said.
STRIDE-i is opened to local individuals aged 18 and above and institutional investors. Minimum initial investment is RM50,000 while the subsequent investment is in multiple of RM50,000 and above. Investors will be issued a negotiable Islamic debt certificate, redeemable at face value on the maturity date. There will be no exit fees, annual management fees or service charges imposed upon investors.
The new fund would also enable Maybank to market at least RM600 million in via syariah-compliant wealth management products for its fiscal 2008 as well as offering these products to regional customers, starting with Singapore early next year.
Ibrahim said Maybank would also offer more structured deposit products investing in different underlying assets.
“In addition to structured deposit products, we will also explore other platforms for syariah-compliant offerings; among them, private investment funds, managed portfolios, exchange-traded funds, restricted investment scheme and others. We plan to launch another such products by the end of this financial year,” he said.
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: Malayan Banking Bhd launched its first structured Islamic deposit product which would invest in two underlying commodities — copper and wheat — while guaranteeing an annual payment of 2.45% over the four-year tenure.
The proposed RM300 million close-ended fund — STRIDE-i — would invest in copper futures on the London Metal Exchange (LME) and wheat futures on the Chicago Board of Trade (CBOT) respectively.
Maybank’s executive vice president and Islamic banking head Ibrahim Hassan said yesterday STRIDE-i offered total capital protection on the principal investment and guaranteed annual payment of 2.45% over four years or a return of 9.8% at maturity date.
“On a best-case scenario, the syariah-compliant fund would deliver potential upside earnings of up to 39.6%,” he said at the launch of the fund. The initial offer period for the deposit will close on Nov 4.
He said the potential upside was achievable, as the commodities had relatively low risks, due to limited supply and increasing demand for consumption that would drive the prices up.
Maybank would invest in the futures markets of LME and CBOT over a four-year period, Ibrahim said, adding that demand for these commodities would be driven by China and India’s economic and population growth.
“For copper, these two countries have overtaken the US as the largest copper consumer since 2002. They are expected to absorb 41% of the world’s copper supply in 2009, from 36% in 2006.
“For wheat, China and India are already consuming more than they produce especially since they need to satisfy the appetite of 2.4 billion people for noodles, dumplings, bread, pastries and all sorts of cookies. Today, these two nations are estimated to consume as much as 39% of the world’s wheat supply,” Ibrahim said.
STRIDE-i is opened to local individuals aged 18 and above and institutional investors. Minimum initial investment is RM50,000 while the subsequent investment is in multiple of RM50,000 and above. Investors will be issued a negotiable Islamic debt certificate, redeemable at face value on the maturity date. There will be no exit fees, annual management fees or service charges imposed upon investors.
The new fund would also enable Maybank to market at least RM600 million in via syariah-compliant wealth management products for its fiscal 2008 as well as offering these products to regional customers, starting with Singapore early next year.
Ibrahim said Maybank would also offer more structured deposit products investing in different underlying assets.
“In addition to structured deposit products, we will also explore other platforms for syariah-compliant offerings; among them, private investment funds, managed portfolios, exchange-traded funds, restricted investment scheme and others. We plan to launch another such products by the end of this financial year,” he said.
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.
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