New Fund: OSK-UOB Asian Advantage Bond Fund

Given the improving corporate credit outlook, OSK believe that investment in corporate debts will offer more attractive yield pick up over government debts. Potential yields compression, lower supply of corporate bonds and ample liquidity in banking system will provide strong support to the bond market.
Summary:
  1. Aims to provide potential returns above FD rates (target 5%-5.2% p.a gross return)
  2. Aims to provide annual income distribution
  3. Aims to preserve capital at maturity (3 years)
Fund Strategy:
The fund is to invest into Asian bonds that are able to offer attractive yield and/or capital appreciation. The manager will adopt a buy-and-hold strategy on the portfolio to lock-in the yield, but has the flexibility to actively manage the investments if required.

Fund features:
Offering period  : 19 July - 31 July 2010
Min Investment  : Rm 1,000
Fund Type         : Bond (close-ended)
Entry Charge     : 2%
Exit Charge       : 1% (if less than 3 years), Nill (if held until maturity)

* This is not a capital-protected fund.
* Disclaimer: This is not a recommendation to buy or sell
Source: OSK-UOB website

Comments

Post a Comment

Popular posts from this blog

"You Can Keep Your Existing Health Insurance"

I wondered about this statement at the time Obama made it.  Clearly, by changing all the rules of health care insurance and mandating conformity, it was unlikely that the vast majority of Americans would not find themselves forced by 'The Affordable Care Act' to have to deal with a completely different health insurance plan and completely different set of health care providers. I now understand what Obama meant.   He was speaking to his immediate family and (politician) friends.  They are exempt from the "Affordable Care Act."  Clearly what he meant to say was: "if you are exempt from Obamacare, like me and my family, you can keep your existing health insurance."  He never meant to mislead.
Read more

Things We Now Know

The poor are losing ground in the new Obama world.  The facts are showing up even in the halls of collectivist extremes like the New York Times.  The rich are getting richer and poor are being locked in place.  Big government is throttling the economy and the hopes and dreams of lower and middle class Americans. Today's Wall Street Journal's article by Simon Constable lays out some of the simple and obvious facts of the Obama era: "The richest 20% of households account for 38% of spending, according to government data for 2011, the latest available.  Compare that with 2003 when the top earners spent 26% of the total."  The article goes on to say..."it could get even worse."  It will. Who really benefits when the regulators strangle the banks?  Do banks really need to get much more conservative in their lending practices?  Why does the government know best?  How far can you stretch the FDIC guarantees before American banking is simply a subsidiary of the US g
Read more

Why Gold and Silver? Why Online Store?

Image
Are you first time gold and silver buyers? Why don't you invest in these popular metals? If you did so, you have had a wonderful investing experience after 2008 global financial crisis. But, do you really understand these metals? Were they really precious (especially now)? Traditionally, gold and silver were one form of exchange. Because of the invention of fiat money, they were being turned into some short of "back-up" currency , in case our fiat money system go burst. It's natural when things go wrong, gold and silver tends to appreciate in value. In other words, people hold precious metals to preserve the value of their assets. 3 Reasons Why Gold and Silver... Still hot in demand , especially by emerging affluent Chinese. Traditionally, Chinese loves gold. They bought it for events such as new born baby, new year, wedding and even funeral ceremony. Strengthening USD ??? Yes. It's a correct reason also. Why? Because of news that US going to stop QE3, USD is str
Read more