OSK-UOB Unit Trust Management, a joint venture between OSK Investment Bank and United Overseas Bank (Malaysia), has launched a capital-protected fund that links growth to sector-based exchanges traded funds.
OSK-OUB Capital Protected Sector Strategy Fund will invest an indicative 86-88% of the capital raised in four-year zero coupon negotiable instruments of deposits to secure capital protection at maturity, with the remainder used to buy an option providing access to four ETFs representing the energy, material, financial and consumer sectors.
The sectors stand to benefit from government-led stimulus packages and subsequent recovery following the global financial crisis, said OSK-UOB CEO Ho Seng Yee.
The fund is available until April 14 with an approved size of MYR$100m ($33m) and will be distributed by UOB Malaysia.
This product will appear shortly in Recent Additions (Malaysia).