Capital protection investment-linked scheme launched

KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd has introduced its first capital protection investment-linked scheme, in which returns are benchmarked against the performance of property-related indices or commodities.

Chief executive officer Ezamshah Ismail said the scheme, which used the concepts of Murabahah and Wa'd, was an affordable investment instrument whose returns at maturity were benchmarked against the performance of indices such as the European Public Real Estate Index and the Tokyo Stock Exchange real estate investment trust (REIT) index.

Initial investment starts from RM10,000 with an upfront fee of 3%.

"There is also Takaful protection of up to 125% of a single contribution," Ezamshah said at the product launch on Tuesday.

The three-year Shariah-compliant scheme is managed by Hong Leong Tokio Marine Takaful, with Citibank as the structure provider.

It is distributed by Hong Leong Bank.

Hong Leong Bank general manager, wealth management Karen Ng said the product had a wide target market.

"It is for any individual who wants to always remain invested in global markets, " she said.

Ezamshah, meanwhile, said the company would introduce more products in the future.

"The economic (growth) is still on an uptrend," he said, adding that new products would be driven by market demand.

URL: http://biz.thestar.com.my/news/story.asp?f...12&sec=business

I think you're the only one who is invested heavily in PB series funds.

Both PRSEC and PBIASSF are agressive funds and they're not my cup of tea too.

Heard that PIOF is also the same as PRSEC but invested in Shahriah approved counters. I think that I might not have interest on PIOF. Guess, I may consider only on PRSF.

I have PAIF already. I never deny that PITTIKIAL is a very good fund.

I hope that PAIF could emulate the success of PITTIKIAL. It's still new (about a year).

This post has been edited by David83: Sep 11 2007, 10:32 PM

So when will you consider that the timing is right?

Let me know too ...

What's the amount of sum insured or coverage for the insurance?

Besides insurance, the other benefit will be no switching transaction fee.

Only switching from Equity to Cash fund is FREE. Others will need to pay RM 25 switching fee.

Let say if I repurchase the fund and invest in another fund with the repurchase money, will that deduct my Mutual Gold points? Sounds silly, sorry.

This post has been edited by David83: Sep 14 2007, 11:53 AM

I think the breakdown should be like this:

Equity ---> Bond : RM 25
Equity ---> Cash (MMF) : FREE
Bond ---> Equity : RM 25
Cash ---> Equity : RM 25

The thing I'm not that sure will be:

Bond ---> Cash : RM ?
Cash ---> Bond : RM ?

Not so familiar with Cash or Money Market Funds. Equity fund includes balanced and dividend funds.

If a PB staff buys PB series fund, they could save on the service charge. I think the same thing should be applicable to PM staffs. Not sure if it applies to PM funds; i.e. a PB staff buys on PM series.

The initial period will be closed by 26th September. Technically, you'll be entitled for it. If you create an SI, any topup through SI will enjoy this lower service charge of 5.45%.

If depends on how well the fund could outperform and if it does outperform, you'll enjoy capital gain. PAIF may declare a distribution since its age is more than a year.

I just switched from bond fund to PAIF few months ago.

This post has been edited by David83: Sep 21 2007, 07:22 PM

That's the purpose of investment ... to get gain. Who wants a non-profitable investment.

I think you need to have the agreement from both agents (old and new).

Perhaps they're still finalizing the papers ... no information leaked yet.

Hwang DBS Select Income Fund

The Hwang DBS Select Income Fund is categorised as a fixed income fund which seeks to provide investors with a steady and regular income stream in the form of distributions over the medium to longer term.

The Fund will invest between 69.8% to 99.8% of its NAV in fixed income instruments. The balance will be allocated to equity investments subject to a limit of 30% of the Fund抯 NAV. The Fund will invest primarily in fixed income instruments that provide regular income as well as in high dividend yield stocks to enhance income and returns to the Fund.

Objective
To provide investors with a steady and regular income stream in the form of distributions over the medium to longer term.

Please visit the nearest Maybank branch or call Maybank Group Customer Care at 1-300-88-6688 for more details.


URL: http://www.maybank2u.com.my/consumer/inves..._hdbs_sif.shtml

kingkong81, this fund sounds to me like another PFES. What're the differences between them?

I'm kind of interested with this new fund.

Not encouraged to do so and you should have some reserve money for emergency. Balanced up your investment in multple market segments and do not fully focus on one section; let's say equity.

PBADF has not recovered from the US subprime mortage yet?

I'm still in the process of showing for a good equity fund. As you can see that my FD and bond constitute for more than 60%.

CIMB risk profiler will definitely put me under conservative player.