07 May 2010

New Fund: OSK-UOB Capital Protected US Recovery Fund

Yet, another capital protected fund will be launched by OSK-UOB investment bank.

The 3-year closed-end capital-protected fund is aiming to provide investors regular income over the medium term. The theme for this fund is "US Recovery". The fund will be offer for subscription from May 10 to June 23.

The fund's principal strategy is to invest 87% to 93% in zero-coupon negotiable instruments of deposits (ZNIDs) to accord the capital protection and the remainder in a 3-year over-the-counter US option.

Min. Initial Investment : Rm1000

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