MFC Asset Management in Thailand has launched International Enhanced Fund (I-Enhance), a principal protected fund linked to commodities.
The product is an 18-month kick-out linked to the RICI Enhanced Excess Return commodities index of 37 energy, agricultural and metal commodities.
The fund, which has a capacity of THB1bn (US$29.3m), offers a maximum return of 28%.
"Customers are demanding products that provide higher returns when compared with deposit and inflation rates, but are still concerned about market volatility, particularly in the equities and bond markets," said MFC president Pichit Akrathit.
Units redeemed from the I-Enhance fund will be automatically switched to the MFC Money Management Fund, a short-term debt fund. Minimum investment for the fund is THB10,000 (US$300).
