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OSK-UOB launches 3 series fund
by hlk Wed 14 Mar 2012, 13:16
KUALA LUMPUR: OSK-UOB Investment Management Bhd has launched its latest fund, OSK-UOB Focus Bond Fund – Series 3, following strong subscription rates take up of its Series 1 and Series 2 early this year.
Chief Executive Officer Ho Seng Yee said the fund offers investment opportunity to stability and capital preservation via fixed-income instruments in view of the current market uncertainties and volatility.
"The Series 3 offers investors the opportunity to invest in a three-year close-ended income fund, which aims to provide 4.5 per cent to 5.0 per cent yearly returns," he said in a statement.
The Series 3 investment portfolio will be managed by UOB Asset Management Ltd.
The Series 3 has an approved 120 million units fund size, with RM1 a unit during the initial offer period from today till April 27, Ho said.
The initial minimum investment is RM1,000. -- BERNAMA
Chief Executive Officer Ho Seng Yee said the fund offers investment opportunity to stability and capital preservation via fixed-income instruments in view of the current market uncertainties and volatility.
"The Series 3 offers investors the opportunity to invest in a three-year close-ended income fund, which aims to provide 4.5 per cent to 5.0 per cent yearly returns," he said in a statement.
The Series 3 investment portfolio will be managed by UOB Asset Management Ltd.
The Series 3 has an approved 120 million units fund size, with RM1 a unit during the initial offer period from today till April 27, Ho said.
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