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.
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