TheStar
PETALING JAYA: MCIS Zurich Insurance Bhd, which has continued to attract investor interest for all its investment-linked insurance funds, has added a fifth fund – MZ Dividend Fund.
Its other four funds are the MZ Growth Fund, the MZ Equity Fund, the MZ Balanced Fund, and the MZ Jati Fund.
Chief executive officer Md Adnan Md Zain said he was confident the fund would be well received by investors as it offered the potential of attractive returns on investment as well as the protection element inherent in insurance.
“The fund is designed for defensive investors who seek steady, consistent investment income and potential capital appreciation over the medium to long term.
“It is a product that serves as a beacon of light in the face of murky market volatility – the bane of every investor, as it offers consistent value creation particularly in periods of market volatility,” he said.
The fund’s investment focus would be on fundamentally sound and high dividend yielding counters listed on Bursa Malaysia, as well as liquid and high-yielding money market instruments, Adnan said.
On its investment philosophy, he added: “The time-tested and prudent investment approach would be to emphasise on fundamentals and ride the long-term wave. MZ Dividend Fund selectively invests in fundamentally sound businesses with good dividend track records.
“This dividends-based strategy has been proven throughout the years as an integral way of ensuring investors realise respectable rates of return without incurring undue investment risks.”
Asked the sales target, Adnan said: “Following the fund’s soft launch, the company has seen encouraging interest from and take-up by new and existing customers. We believe that interest for this product will continue to grow in the weeks ahead.”
Investors who take up units in MZ Dividend Fund during the promotional period from Jan 21 to Feb 20 will enjoy a introductory offer price of 50 sen per unit and a free one-year personal accident policy cover valued at between RM10,000 andRM100,000.
MCIS Zurich, as a leading composite insurer, currently has total assets in excess of RM2.6bil and gross premium income close to RM500mil. It had 26 branches nationwide and employs more than 500 staff and 5,000 agents.
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