New Fund: OSK-UOB US Legendary Fund

Failed to be Warren Buffett? How about exposing to the performance of his investment company, Berkshire Hathaway? Not a bad idea though.


The latest fund, launched by OSK-UOB, aims to provide capital appreciation over the short-term (18 months) whilst aiming to preserve investors' capital on the Maturity date. This is not a capital guaranteed or protected fund.


This is a wholesale fund which was structured to capitalize on the performance of Berkshire Hathaway Inc., such that the positive performance of the company and its out-performance against the Standard and Poor's 500 Index will provide the fund with returns during the recovery and rebuilding of the US economy.

Structure...
The fund will invest 100% of its NAV in a non-capital protected RM denominated structured investment issued by a domestically incorporated financial institution with a rating of at least 'A' by RAM Rating Services Berhad or its equivalent rating by any other reputable rating agency.

The Structured Investment has embedded options (comprising the underlying reference i.e. the Berkshire Hathaway Inc-Class B shares and the S&P500 index) with a payoff determined only at Maturity Date.


About Berkshire Hathaway Inc. - Class B shares
Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. Berkshire's principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire's other operations include The Buffalo News, aviation training, and retail furniture businesses, as well as shoe, candy and rug manufacturing.

Source: OSK-UOB Unit Trust Management Bhd

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