Takaful Al-Waqi fund launch on 21 July

URL: http://www.maybank2u.com.my/consumer/onlin...aqi/index.shtml

Dynamic Best of Gurus Floating Rate Negotiable Instrument of Deposit (FRNID)

The Dynamic Best of Gurus FRNID allows investors to benefit from the expertise of world renowned investment gurus, recognized and respected for their investment philosophy, foresight and returns in equities, bonds, emerging market equities and commodities.

Features

Invest with the Best
Warren Buffett Guru of Equities (Berkshire Hathaway Inc.)
William Gross Guru of Bonds (PIMCO Total Return Bond Fund)
Mark Mobius Guru of Emerging Markets (Templeton Emerging Markets Fund)
Jim Rogers Guru of Commodities (Diapason Rogers Commodity Fund)

Various choices of tenures and payouts
Non guaranteed return structure : 3 and 5 years tenure
Minimum guaranteed return structure : 5 years tenure only

100% Capital Guaranteed
Capital is fully guaranteed in Ringgit upon maturity.

No Annual Management Fees
Enjoy the full returns on your investments with absolutely no management fees.

Liquidity
Daily redemption allowed with no penalty charges.

*This is a Floating Rate Negotiable Instrument of Deposit (FRNID) issued under the Bank Negara Malaysia Guidelines on Negotiable Instruments of Deposit (2006)

**Please refer to Term Sheet for additional Terms & Conditions

Benefit
Capital is fully protected in Ringgit Malaysia. Benefit from overseas diversification without exposing capital to currency risk.
Returns are payable in Ringgit.

Eligibility
The Dynamic Best of Gurus is a Floating Rate Negotiable Instrument of Deposit (FRNID). Investments in FRNID must be in minimum of RM100,000, and in multiples of RM50,000 thereon.

The Dynamic Best of Gurus is a Floating Rate Negotiable Instrument of Deposit as per Bank Negara Malaysia Guidelines On Negotiable Instruments of Deposit (2006). CIMB Group will provide investors with regular redemption prices for this product. Redemption prior to maturity is subject to prevailing market prices.

Depositors should be aware that this instrument is principal protected by the issuing bank upon maturity only. If the instrument is redeemed or sold PRIOR to maturity, the investor may face fees or costs which could result in the investor LOSING PART OR ALL of the initial deposit amount. The returns on this instrument are uncertain and the depositor risks earning no returns at all.

URL: http://www.cimbbank.com.my/index.php?ch=ba...0&tpt=cimb_bank

HLB unveils new product - FRIND

KUALA LUMPUR: Hong Leong Bank Bhd's (HLB) Himalaya Opportunity floating rate negotiable instrument of deposit (FRNID) will offer potentially higher returns than a fixed deposit.

In a statement, HLB said the three-year principal-protected FRNID launched yesterday aimed to give better investment returns in a climate that was presently filled with much anxiety.

“The FRNID provides diversification into three promising sectors namely, agriculture, emerging markets and the US financials.

“The underlying investment is index-based through three exchange-traded funds - iShare MSCI Emerging Markets Index, Financial Select Sector SPDR Fund and Power-Shares DB Agriculture Fund,” it said.

It said the investment would allow investors to leverage on current market uncertainty fuelled by rising food costs and increasing demands from the populous emerging markets while giving an opportunity to ride on the probable recovery of the US financial sector in the medium term.

Chief operating officer, personal financial services, Moey Tan said the fund would offer 100% principal protection if held until maturity and investors could take advantage of the current low valuations of the US financial stocks and rising inflation by diversifying some wealth into this FRNID. – Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...99&sec=business

ING unveils fund with focus on developing countries

KUALA LUMPUR: ING Funds Bhd has launched the ING Global Emerging Markets Debt, a global fund that provides investors with regular income stream.

The fund invests in a diversified selection of fixed-income securities, money market instruments, derivatives and deposits mainly denominated in local currencies of developing countries in Latin America, Asia, central and eastern Europe and Africa.

The fund would feed into a target fund, ING (L) Renta Fund Emerging Markets Debt Local Currency.

The target fund had total assets under management of more than US$2bil and was domiciled in Luxembourg, the company said in a statement yesterday.

“Emerging markets represent an important growth opportunity,” said retail distribution head Ismitz Mattew De Alwis.

“Strong domestic demand, high exports to developed markets and large population with rising wages are just some of the factors which have been creating value and delivering higher returns for investors.”

It would give investors the chance to diversify their portfolio with an investment class that was lowly correlated with developed markets, he added.

The fund has an approved size of 300 million units. The minimum initial investment is RM5,000. – Bernama

URL: http://biz.thestar.com.my/news/story.asp?f...95&sec=business

Maybank Launches RM200 million Short Term Single Premium Islamic Investment-linked Plan - Takaful Al-Waqi

Maybank today launched the shortest term single premium investment-linked Islamic commodities fund. Takaful Al-Waqi, a RM200 million single premium Islamic investment-linked plan is designed specifically based on customers’ feedback for a short tenure investment of two years coupled with potential upside of 8.81% pa to outperform the 12-month General Investment Account (GPA) or fixed deposit account rates, in line with its aspirations to offer suitable investment products for the ever-changing appetite of customers looking for diversification.

More at: http://www.maybank2u.com.my/corporate/pres...08/240708.shtml

A PM UTC may advise you to forget those worries because in UT, it's a medium to long term investment and using dollar-cost averaging.

It depends on the fund exposure. If the fund is not a local fund, political crisis in Malaysia won't wiegh significant influence.

Oil price is a global matter and guess we cannot avoid or escape from it.

The equity market could be affected by local sentiment, global sentimentor both.

As I said earlier, you must understand the fund exposure (portfolio), read through the master prospectus. It could help you to understand.

For shahriah-compliant (Islamic), there're local based and off-shore based funds. Local Islamic fund like Public Islamic Balanced Fund, Public Islamic Balanced Fund, Public Islamic Equity Fund and etc. Foreign based Islamic fund are like Public Asia Itikal Fund, Public Islamic Asia Balanced Fund, Public Islamic Asia Dividend Fund and etc.

I'm kind agreed with that Public Mutual is some sort of late in introducing new funds in capturing the hype market. It's like going to catch the last train.

OSK-UOB confident of 6% returns from new fund

KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd expects its latest product, the OSK-UOB Capital Protected Equity Fund, to yield potential annual returns of 6% to 8%.

Chief investment officer Jason Chong said the three-year closed-end fund would provide capital appreciation over the medium term and refund the initial investment on maturity.

“We are in the midst of a slowdown, and in this period of uncertainty, sectors such as airline and petrochemical will do well. Investing in general offers is also considered a safe bet based on the absolute performance of the market,” he told reporters at the launch yesterday.

The fund’s principal strategy is to invest 85% to 100% of the capital raised in a three-year zero coupon negotiable instrument of deposit to protect the fund’s capital. The remainder will be invested in equities and/or derivatives of companies with strong underlying growth potential.

“We will adopt an absolute performance strategy. For example, once the stock goes up by 15% to 20%, we will sell,” Chong said.

The fund has an approved size of 200 million units at an initial price of RM1 per unit.

The minimum initial investment is RM5,000 and the subsequent minimum top-up is RM1,000.

Asked on OSK’s view of the world markets, Chong said that for OSK’s global asset allocation, it was currently underweight on equities in general. In terms of country allocation, it is neutral on the US, underweight on Europe and overweight on Asian markets.

He also said fund managers expected the overnight policy rate to be raised by 25 to 50 basis points by the end of this year.

“Currently, the Asian market ex-Japan is trading at a price-earnings ratio of 12.4 times. When the market valuation is cheap, there is a lot of opportunity. That’s why we think it’s a good time to launch this fund,” Chong added.

URL: http://biz.thestar.com.my/news/story.asp?f...74&sec=business

New AmInvestment commodities fund

KUALA LUMPUR: AmInvestment Bank Bhd is planning to capitalise on the global commodity boom with its new fund called AmCommodities Extra.

Managing director Kok Tuck Cheong said the long-term outlook for commodities remained positive due to a mismatch of supply and demand, which had raised commodity prices.

“Commodities have low correlation to equities and bonds, and therefore provide investors another alternative class of investment to enhance their portfolio as well as preserve their wealth against inflation,” he said at the launch of the fund yesterday.

“It has been observed that commodities have consistently outperformed inflation and commodity prices are rising faster than inflation rate.”

On the high volatility that the market experienced lately, chief investment officer (fixed income) Yvonne Phe said the fund had a “revolver strategy” feature, which would reduce exposure of underlying assets during vicious swing and increase exposure when volatility subsided.

AmCommodities Extra invests 90% in fixed income instruments and 10% in structured derivative instruments with exposure to potential upside of commodities theme. These structured derivatives provide 75% exposure in Rogers International Commodity Index (RICI), an index managed by Jim Rogers, a well-known commodities guru, while the remaining underlying assets consist of commodity-related equity indexes in Australia, Brazil and China.

However, this fund does not include crude palm oil (CPO) because of its thin trading volume. Chief executive officer Datin Maznah Mahbob said the fund would emphasis on liquidity but she might consider CPO in the future if the liquidity improved.

Meanwhile, director (retail funds) Ng Chze How said this fund provided an opportunity for portfolio diversification, as most of Malaysian investments were in bonds, equities and cash.

“For investors who can assume medium to high risk, they should consider this class of investment,” he said.

As at June 30, RICI constituted 44% energy, 34.9% agriculture and livestock, and 21.1% precious metals.

Ng said AmInvestment expected AmCommodities Extra to be fully subscribed in six to 12 months.

URL: http://biz.thestar.com.my/news/story.asp?f...87&sec=business

OSK-UOB targets 9% returns for new fund

KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has teamed up with JP Morgan Securities (Asia Pacific) Ltd to launch the OSK-UOB Income Alpha Fund for which they are targeting 8% to 9% in net returns yearly.

OSK-UOB chief executive director Ho Seng Yee said they hoped to attract RM200mil in investments from investors with low to medium risk tolerance.

“Malaysians are generally risk averse and in these uncertain times, some investors may be keen to diversify some of their investment into less risky asset class,” he said at the launch yesterday.

Ho said the fund was suitable for investors who wanted to preserve their capital and wanted returns that were above the prevailing inflation rate.

The inflation rate in June rose to a 26-year high of 7.7%, fuelled by the hike in petrol and diesel prices.

Ho said investors could expect income distribution from the fund semi-annually.

The fund’s main strategy is to invest 90% of its net asset value in ringgit-denominated short-term fixed income securities and the remaining 10% in derivatives in the JP Morgan Yield Alpha 8 Index with exposure in Britain, Europe, Japan, the US and the G10 countries.

The Alpha 8 Index would invest in bonds, foreign currencies and also equities.

URL: http://biz.thestar.com.my/news/story.asp?f...27&sec=business

Maybank 21st Century Structured Deposit

Investing in Today’s Hottest Issues

From renewable energies, to the rise of emerging economies, key global trends are shaping the way in which we see the 21st century. With the rise of urbanization, increased life expectancy, and concerns such as the environment coming to the forefront, certain sectors will be boosted more than others. Which trends will emerge as the hottest of the age?

Introducing the Maybank 21st Century Structured Deposits, an investment opportunity, which chooses the hottest trends of the 21st century, intelligently allocating your portfolio to the most-performing trends, while providing 100% capital protection at maturity via Floating Rate Negotiable Instruments of Deposit (FRNID). With risk control and dynamic allocation, the product is designed to generate absolute returns, regardless of the market conditions.

The strategy invests in the Maybank 21st Century Index, spanning an investment universe devoted to those trends that are set to boom at the dawn of the millennium.

Benefits:
• Access to the hottest trends of the 21st Century
• Diversified and dynamic allocation strategy benefiting both bullish and bearish markets based on portfolio optimisation approach
• Unlimited upside potential
• 100% capital protection when held till maturity
• 3-year tenure

Eligibility
• Minimum investment of RM100,000 and in multiples of RM50,000

Visit a Maybank branch or Private Banking Center nearest to you for further details. Our ever ready professional officers will entertain your queries on a non obligatory basis. Alternatively, you may call us at 1-300-88-6688

URL: http://www.maybank2u.com.my/business/treas..._products.shtml

SC to issue Islamic fund management licences

KUALA LUMPUR: The Securities Commission (SC) will issue another batch of Islamic fund management licences by year-end, apart from the three already granted to Kuwait Finance House, DBS Bank of Singapore and CIMB-Principal.

SC chairman Datuk Zarinah Anwar said the move was aimed at further promoting Malaysia as an Islamic fund management centre and global centre of excellence for Islamic fund managers.

“The Islamic capital market has thrived to the extent that it now accounts for a highly significant portion of the overall Malaysian capital market,” she said in her opening address at the Malaysian Islamic Finance Issuers & Investors Forum 2008 yesterday.

Zarinah said Malaysia had an attractive Islamic equity value proposition with 85% of companies listed on Bursa Malaysia accounting for 65.6% of total market capitalisation being syariah-compliant

“Some companies going for initial public offerings are voluntarily seeking to have their syariah-compliant status determined by the Malaysian Syariah Advisory Council,” she added. The council, established in 1996 by the SC, is the sole authority for the issuance of rulings and guidelines on the Islamic capital market.

Zarinah said the Malaysian sukuk market had experienced unprecedented growth with the country firmly established as one of the largest issuers of sukuk over the years.

“In the first six months, 22 sukuk issues valued at RM17.7bil were approved, accounting for 31% of total bonds approved during the period,” she said.

On another note, Zarinah said the SC had frozen the accounts of SwissCash, a website operating an illegal investment scheme.

URL: http://biz.thestar.com.my/news/story.asp?f...18&sec=business

There's no agent for PB funds.

The agent is always PB bank staffs.

Go to nearest branch to seek for further info.

Lowyat.Net I believe.

Anybody knows about PB-ING All Weather Plan?

I got a brochure from a PB branch.

Yeap ... early bird campaign.

This post has been edited by David83: Aug 22 2008, 09:10 PM

HwangDBS IM declares income distributions

KUALA LUMPUR HwangDBS Investment Management Bhd (HwangDBS IM) declared annual income distributions of four sen for its Dana Fahim Fund and five sen for Dana Izdihar Fund.

It said on Monday the income distributions were for the two funds’ financial year ended Aug 31. The Dana Fahim Fund is an Islamic growth and income type fund while the Dana Izdihar Fund is an Islamic growth type fund.

The annual gross income distribution of four sen for Dana Fahim Fund’s FY Aug 31 was its third and final distribution since its launch on June 28, 2004.

The Dana Fahim Fund posted total growth of 22.96% on its NAV per unit since inception and all the unit holders registered as at Aug 22 were eligible for the income allotment.

HwangDBS IM also declared an annual gross income distribution of five sen for Dana Izdihar Fund’s FYAug 31. This is its sixth and final distribution since its launch in October 2002.

HwangDBS IM chief executive officer Teng Chee Wai said the Dana Izdihar Fund’s specific focus and favour for companies that practised good corporate governance had benefitted the Fund.

Teng said these securities generally command higher market valuation and would potentially yield better returns over a medium investment horizon.

As for Dana Fahim Fund, its focus would continue to provide investors an affordable access into a diversified investment portfolio containing a “balanced” mixture of quality Shariah-compliant equities and sukuk with similar attributes.

Teng said HwangDBS IM intended to maintain a defensive stance in the interim in-light of uncertainties prevailing in the local markets.

“Domestic equity portfolios will continue to hold a high level of cash holdings and the company will patiently wait for further clarity in local and regional markets before seeking to deploy cash into equities,” he said.

URL: http://biz.thestar.com.my/news/story.asp?f...32&sec=business

HLG Unit Trust, bank launch GEM Resources Fund

KUALA LUMPUR HLG Unit Trust Bhd (HLG UT) and Hong Leong Bank Bhd (HL Bank) recently launched the GEM Resources Strategic Fund to leverage on the current inflationary situation.

The fund, which would invest in global resources and global emerging markets equity securities, was structured to take advantage of current market uncertainties.

In a statement released on Tuesday, HLG UT said the GEM Resources Strategic Fund was a growth and income fund to provide protection against inflation and long-term growth of capital.

The fund would invest in global resources related equity securities of companies involved in the extraction, processing, transportation and distribution of natural resources of any kind, in any part of the world.

HLG Asset Management Sdn Bhd executive director and chief executive officer Richard Lin said the fund would invest in natural resources, which was one of the few asset classes that benefited from inflation.

“Natural resources have a positive correlation with inflation – the price of natural resources rise in tandem with inflation. Companies involved in natural resources have the potential for higher revenues as a result of the higher prices for natural resources,” he said.

Lin also said the fund would leverage on this to ensure potential high returns, adding it would also invest in global emerging markets equity securities for long-term capital growth. The fund has a total approved fund size of two billion units priced at 10 sen per unit during the initial offer period. Minimum initial investment is RM1,000 while the minimum additional investment is RM1,000.

Newgate Capital Management LLC has been appointed as the external foreign investment manager to manage the global equity securities of the HLG GEM Resources Strategic Fund.

URL: http://biz.thestar.com.my/news/story.asp?f...45&sec=business

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Added on September 14, 2008, 10:58 pmWhat is PB CARB Investment?

PB CARB Investment is a 2-year 100% capital protected structured investment which invests into a basket of 4 currencies namely Canadian dollar (CAD), Australian dollar (AUD), Russian Ruble (RUB) and Brazilian Real (BRL). It provides an investor with an unlimited potential return linked to currencies of key exporting countries of commodities and resources. It also incorporates a 2-tier lock-in feature that gives a minimum return once the lock-in is triggered.

Key Benefits
1. 100% capital protection at maturity
2. 2-Tier Lock-in feature benefits, i.e. 6% and 12% which gives a minimum return once the lock-in is triggered
3. Short tenure of 2 Years
4. 100% participation in the CARB Basket
5. Unlimited upside potential
6. No annual management fee/ exit fees
7. Structured Investment Product is the only choice that provides investors wanting capital protected exposure to currency

How does the Lock-in level works?

1. At a fixed date each month, the basket is observed for their performance.
2. Basket Performance is based on equally weighted basket performance compared to initial fixing level
3. Two-tier Lock-in Feature at 6% and 12%
4, If basket performance on any Monthly Observation Dates is equal to or greater than the lower Lock-in 6%, lower Lock-in activated;
5. If basket performance on any Monthly Observation Dates is equal to or greater than the higher Lock-in 12%, higher Lock-in activated;
6. Once a lock-in level is activated, Investor will be assured of receiving at least the Lock-in interest rate at maturity in addition to the return of full capital.
7. Investors will continue to enjoy the potential of higher return above the lock-in level. i.e. even if the higher lock-in level of 12% has been achieved, investor still have the potential of getting an even higher payout if the average basket performance is higher than 12% at the end of 2 years.

Terms and Conditions apply.

Prospectus: http://www.pbebank.com/en/en_content/images/carb_eng.pdf

URL: http://www.pbebank.com/en/en_content/perso...ments/carb.html

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Added on September 16, 2008, 10:58 amAmInvestment launches unique capital protected fund

KUALA LUMPUR: AmInvestment Bank Group yesterday launched an unconventional capital protected fund called AmCommodities Active-Capital Protected (AACP) that has several unique features.

AmInvestment Bank Group chief executive officer and executive director (funds management) Datin Maznah Mahbob said it was one of the few local funds that invested in the commodity market for retail investors.

The fund has an authorised fund size of 200 million units at RM1 per unit and is offered to the public from Sept 8 to Oct 7.

The minimum investment amount is RM5,000.

The close-ended fund will invest mainly in three-year ringgit-denominated zero coupon negotiable instruments of deposits from financial institutions to ensure that 100% of investors’ capital was paid back upon maturity.

Maznah told reporters after the launch of AACP yesterday that 10% of the fund would be invested in an option linked to an actively managed commodity investment strategy to generate income and capital appreciation.

She said the strategy determined the allocation exposure of the portfolio based on a volatility management index called “Isovol Index” to a commodity index, AmIslamic Bank Makmur Commodity Index.

“The purpose of Isovol Index is to cap the volatility of exposure to the AmIslamic Bank Makmur Commodity Index at 15%.

“With this mechanism in place, the portfolio then manages the allocation of exposure to the Isovol Index at between 20% and 200%,” she said.

On the fund’s returns, Maznah said on average, investors could expect about 8% to 10% per annum based on track record.

“The fund would attract investors wanting exposure to an actively managed strategy in commodities investment and suit those seeking potentially higher income and capital appreciation over the longer term,” she said.

AACP is sold via AmBank branches, AmBank Financial Services and its authorised institutional unit trust advisers, including United Overseas Bank, Alliance Bank and EON Bank.

Currently, AmInvestment Bank Group has 41 unit trust funds marketed under its retail brand AmMutual and two exchange-traded funds.

Total assets under AmMutual funds management, including two exchange-traded funds and discretionary mandates, are worth RM18.4bil as at Aug 31.

URL: http://biz.thestar.com.my/news/story.asp?f...45&sec=business

This post has been edited by David83: Sep 16 2008, 10:58 AM