TheEdge
KUALA LUMPUR: AmBank (M) Bhd sees an average potential return of 43.12% from its newly-launched AmAsia Link-Capital Guaranteed Fund at the end of its three-year investment period riding on potential gains from Asia’s property, equity and currency sectors.
AmBank retail banking managing director Mohamed Azmi Mahmood said the projection was based on the 10-year historical performance in the Morgan Stanley Asian Property Fund, JP Morgan Asia Currency Index and Hang Seng China Enterprise Index.
The fund, which is a collaboration between AmBank and AmAssurance Bhd, comes with an insurance protection of up to 125% from a single premium invested. It is underwritten by AmAssurance.
“AmAsia Link is a 100% secured capital guaranteed fund that is designed to tap and benefit from Asia’s lucrative investment market,” Mohamed Azmi said in a statement yesterday.
He said the approved fund size was RM100 million and expected “a very good response” from investors eager to take advantage of its attractive returns.
In conjunction with the country’s 50 years of independence, AmBank said it would reward the first 1,000 AmAsia Link investors with a limited edition coin card, and added that investors were also offered higher allocation rates on investment of over RM100,000.
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