HwangDBS Launches RM300 million Fund

Bernama - 27 March 2008

Kuala Lumpur - The RM300 million HwangDBS Asia Aspire Capital Protected Fund aims to offer investors the potential to benefit regardless of whether it is a bull or bear market.

HwangDBS Investment Management Berhad chief executive officer/executive director, Teng Chee Wai, said in a bull market, the investors could potentially benefit from over-the-counter option that was linked to the equity performance of the Asia Aspire Basket (AAB).

"The AAB comprises stocks from sectors such as finance, luxury fashion, consumer electronics, automobile and telecommunications," he said at the launch of the fund here today.

He said in bearish market conditions the fund's momentum indicator would kick in by switching to defensive assets (the one-month Australian Treasury Bills).

"And when the markets recover, it will auto-allocate back to the equity performance of the AAB," he said.

The fund will be on sale from today till May 10. The minimum initial investment is RM2,000 and a minimum additional investment is RM1,000.