Malaysia’s AmBank said back-testing results are likely to prompt a ‘very good response’ to its new three-year AmAsia Link-Capital Guaranteed Fund, which is capital protected and linked to Asia’s property, equity and currency sectors. Approved fund size is MYR100m ($29m).Back-testing based on the ten-year historical performance of the Morgan Stanley Asian Property Fund, JPMorgan Asia Currency Index and Hang Seng China Enterprise Index suggests the product will return of 43.12% over the term, said the bank.
“AmAsia Link…[is] designed to tap and benefit from Asia’s lucrative investment market,” said retail banking MD Mohamed Azmi Mahmood in a statement.
To mark Malaysia’s 50 years of independence, AmBank will reward the first 1,000 AmAsia Link investors with a limited edition coin card.
