OSK-UOB declares payout for fund

OSK-UOB Investment Management Bhd has declared a distribution of 5.6920 sen per unit for its OSK-UOB Gold and General Fund for the financial year ended June 30, 2011.

The distribution has given investors a 10.21 per cent yield on their investments and the fund is expected to continue with its good performance, it said in a statement today.

It also said the distribution declared follows the good performance of the OSK-UOB Capital Protected Gold Linked Fund of a three-year tenure. It saw a return of 22.10 per cent to investors, having reached maturity on June 6, 2011.

OSK-UOB Investment Management's chief executive officer and executive director Ho Seng Yee said the fund provided investors with the best achievable returns as compared with other similar funds in the market.

The OSK-UOB Capital Protected Gold Linked has successfully met its objective of protecting investors' capital and providing returns via the rise in gold prices.

The OSK-UOB Gold and General is a feeder fund launched in July 2009 which invests in companies involved in the mining and exploration of precious metals, energy and base metals. -- Bernama