Maybank's latest single premium and capital guaranteed investment-linked insurance plan, the Fortune8, aims to achieve its cap of RM300 million in sales by the time the fund closes on Dec 31, 2011.
The Fortune8, is a closed-end three-year, six-month investment-link plan, that provides a guaranteed investment return and capital protection on the investment with an additional potential upside return from the performance of commodity prices.
"The Fortune8 is appealing to customers as it provides a potential upside return apart from guaranteeing 100 per cent of the capital on maturity and paying a five per cent guaranteed cash payout at the end of the 18th policy month," its deputy president and head of community financial services, Lim Hong Tat said in a statement today.
Customers can start investing with a minimum RM15,000 and additional investments in multiples of RM1,000.
"The fund provides exposure to commodities as a hedge against the global inflationary environment, including items such as food, transportation and many more.
"Commodities are able to protect investors from the short term effects of inflation while providing capital appreciation," he said.
The investment-linked plan allows investors the choice to invest in commodities like energy, precious metals, industrial metals, agriculture and livestock.
The Fortune8 is in line with Maybank Group’s strategy to extend its asset management business, not only in Malaysia but regionally.
"Given the growing demand from customers for a diversified range of investment products, especially from those with a low risk profile, we believe that the Fortune8 will provide them the confidence to invest even in volatile market conditions,"Lim said.
The Fortune8 is underwritten by Etiqa Insurance Berhad can be purchased at all Maybank branches nationwide. -- Bernama
The Fortune8, is a closed-end three-year, six-month investment-link plan, that provides a guaranteed investment return and capital protection on the investment with an additional potential upside return from the performance of commodity prices.
"The Fortune8 is appealing to customers as it provides a potential upside return apart from guaranteeing 100 per cent of the capital on maturity and paying a five per cent guaranteed cash payout at the end of the 18th policy month," its deputy president and head of community financial services, Lim Hong Tat said in a statement today.
Customers can start investing with a minimum RM15,000 and additional investments in multiples of RM1,000.
"The fund provides exposure to commodities as a hedge against the global inflationary environment, including items such as food, transportation and many more.
"Commodities are able to protect investors from the short term effects of inflation while providing capital appreciation," he said.
The investment-linked plan allows investors the choice to invest in commodities like energy, precious metals, industrial metals, agriculture and livestock.
The Fortune8 is in line with Maybank Group’s strategy to extend its asset management business, not only in Malaysia but regionally.
"Given the growing demand from customers for a diversified range of investment products, especially from those with a low risk profile, we believe that the Fortune8 will provide them the confidence to invest even in volatile market conditions,"Lim said.
The Fortune8 is underwritten by Etiqa Insurance Berhad can be purchased at all Maybank branches nationwide. -- Bernama
