HwangDBS Investment Management Berhad has launched Tactical Opportunity Capital Protected Fund offering capital protected growth linked to an allocation strategy based on a basket of indices and Australian treasury bills.
The underlying strategy can invest in a basket comprising HSCEI, Rici Enhanced ER and ASX200 or short-term government debt depending on the performance of various economic indicators. The five-year product matures early on any anniversary where target growth (9% in year one, increasing by 6% pa) is met.
"Asia has protected itself well and its economies have recovered from the global financial crisis faster than the west. With fewer issues to address and proactive economic policies, they will be first off the block when a full recovery kicks in," said Teng Chee Wai, CEO, HwangDBS IM. "As a fund management company, HwangDBS IM is optimistic and is bullish on the emerging market theme, especially Asia economies such as China,"
The firm hopes to raise MYR200m with the new fund within 45 days.
This product appears in Recent Additions (Malaysia).