国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Malaysia's OSK launches fund to venture China A-share market

(Xinhua)
Updated: 2009-09-11 15:46

Malaysia's OSK Investment Bank launched a fund in Kuala Lumpur on Thursday to tap the potential of China's A-Share market.

The OSK-UOB Capital Protected China A-Share Fund was launched by OSK-UOB Unit Trust Management Bhd, a subsidiary of OSK established with Singapore-based United Overseas Bank (UOB), with an initial approved fund size of 120 units or 120 million ringgit ($34.2 million)

"The China A-Share Fund is especially structured with up to 10 percent of its net asset value invested into a 4-year OTC option to capture and generate the fund's returns through an underlying assets, that is, the risk adjusted China A-Share Vol Controlled 20 percent index," said Ho Seng Yee, OSK-UOB chief executive officer.

The index tracks the performance of the top 50 Chinese A-Share in China based on market capitalization which provide exposure to the most established and largest companies in China, he told reporters in Kuala Lumpur.

Some 90 percent of the fund will be invested in protecting investors' investment capital, he said.

"The remaining portion of the Fund's net asset value is invested into 4-year Zero Coupon Negotiable Instruments of Deposits (ZNIDs) to accord the Fund's 100 percent capital protection," Ho said.

Related readings:  Mitsui OSK sees recovery signs in China steel market  China grants QFII license to UOB Asset Management  China Unionpay, Singapore UOB bank issue credit card  Ping An plans JV with UOB

Ho also said that it is the first time that the OSK is offering an opportunity to Malaysian investors to participate and invest in the China A-Share market.

China's economic growth remained resilient and its economy continued to be driven by more than one billion consumers, Ho said.

China's economy is expected to stay on its course and to rebound strongly when developed economies like the United States and Britain come out of recession at the end of the year or early next year.

The "China Concept" fund is exclusively distributed by UOB (Malaysia) to Malaysians nationwide in Malaysia.