ING Funds in Thailand is to offer local retail investors an auto-callable fund linked to oil.
ING Thai WTI Oil Linked Fund, subject to regulatory approval, is a two-year fund offering a potential knockout equal to 10% pa (simple rate) every six months, provided the Nymex WTI contracts have risen by 6% or more from the initial investment date.
The fund will be denominated in Australian dollars with no currency hedge; however, ING says that the dollar has potential to appreciate further against the Thai Baht given the strength of the Australian economy.
Click here to see a brochure for this product.
