OSK-UOB starts offering new capital-protected fund

The fund, designed to provide a safe haven and act as a hedge against inflation, will be marketed starting August 11 at initial minimum investment of $329.76.

OSK-UOB Investment Management Bhd has launched a new fund, OSK-UOB Capital Protected Dual Opportunities Fund.

In a statement on Tuesday, chief executive officer, Ho Seng Yee, said the fund was structured as a safe haven with the potential returns to meet the investment needs of the investors in these uncertain times.

"It is designed to provide a safe haven and act as a hedge against inflation as it would use the performance of gold to calculate a further return on the coupon payout," he said.

He said the fund would invest in a fixed basket of five well-established Chinese companies' stocks listed on the Hong Kong Stock Exchange.

"The potential annual coupon payout will be based on the performance of this basket of stocks," he said.

The fund, with an approved size of 100 million units, is offered at an initial price of RM1 per unit ($0.33).

View the full story in The Malaysian Star.

Also Read

Standard Chartered launches digital request quote module Autoquote

Citi launches Token Services for Cash for institutional clients

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit