MAYBANK'S FORTUNE8 FUND TARGETS RM300 MILLION IN INVESTMENTS

MAYBANK'S FORTUNE8 FUND TARGETS RM300 MILLION IN INVESTMENTS

Maybank's latest single premium and capital guaranteed investment-linked insurance plan, Fortune8, is targeting to achieve its cap of RM300 million in sales by the time the fund closes on 31 December 2011.

Fortune8, is a closed-end three-year, six-month investment-link plan that provides a guaranteed investment return and capital protection on the investment with additional potential upside return from the performance of commodity prices.

Maybank Deputy President and Head of Community Financial Services Lim Hong Tat said, “Fortune8 is appealing to customers as it provides potential upside return apart from guaranteeing 100% of the capital on maturity and paying a 5% guaranteed cash payout at the end of the 18th policy month. Customers can start investing with a minimum investment of RM15,000 and additional investments in multiples of RM1,000.”

“The fund provides exposure to commodities as a hedge against the global inflationary environment, including items such as food, transportation and many more. Commodities are able to protect investors from short term effects of inflation while providing capital appreciation “said Lim.

“The fund is particularly suited to investors looking for added peace of mind with guaranteed returns along with the flexibility to capture growth in the commodities market along the way,” he added.

The investment-linked plan allows investors the choice to invest in commodities like energy, precious metals, industrial metals, agriculture and livestock.

Lim said that Fortune8 was also in line with Maybank Group’s strategy to extend its asset management business, not only in Malaysia but regionally. “Given the growing demand from customers for a diversified range of investment products, especially from those with a low risk profile, we believe that Fortune8 will provide them the confidence to invest even in volatile market conditions,” he added.

“Our intention is to ultimately make investing in such funds available to our customers in the region especially in our key home markets of Malaysia, Singapore and Indonesia and other ASEAN countries.”

Fortune8 also provides insurance protection coverage for the family in the event of the investor’s death. It guarantees a lump sum of up to 125% of the single premium for investors aged between 18 years and 55 years and 105% of single premium for those aged 56 years to 70 years.

Fortune8 is underwritten by Etiqa Insurance Berhad can be purchased at all Maybank branches nationwide.

Source : Maybank Corporate Affairs & Communications