TheStar
KUALA LUMPUR: AmInvestment Bank Group plans to launch up to 10 funds this year, said its director (retail funds) Ng Chze How.
Currently, it has 43 unit trust funds marketed under its retail brand AmMutual and two exchange-traded funds under AmInvestment Bank Group.
“We launched eight unit trust products in 2008. Based on market demand and situation, we expect to maintain this kind of momentum this year,” Ng said at the launch of its first unit trust fund for the year, AmTriple 3O-Capital Protected.
Ng said the fund was expected to provide double-digit returns after three years.
The AmTriple is a closed-end fund linked to the best performance chosen from three dynamic indices which provide diversified exposure to three main asset classes - equity, commodity and money market.
AmTriple 3O has an authorised fund size of 200 million units.
The minimum and subsequent investment amount is RM5,000. — 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.
