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July 2008 RHB lnvestment Management Launches RHB Global Financials Capital Protected Fund Kuala Lumpur, 29 July 2008 :RHB Investment Management (RHBIM) launched the RHB Global Financials Capital Protected Fund (RGFCPF) yesterday, giving investors the opportunity to ride on the recovery of the global financial sectors with the added assurance of protection for their investment capital. RGFCPF, a low risk fund, invests at least 85% of its capital raised in Zero-coupon Negotiable Instruments of Deposit (ZNIDs) to provide capital protection when held to maturity, with the remainder invested in over-the-counter options to provide potential income to the Fund. The over-the-counter options, diversified across sub-sectors and countries, are linked to the performance of 3 financial baskets of 9 stocks from Europe and the USA. The 3 investment financial baskets are segmented into Investment Banks, Insurance Companies and Universal Banks with each basket holding 3 stocks, where the best-performing basket will be allocated the highest weightage at 60%, the second highest at 30% and the lowest-performing basket at 10% for the calculation of the final payout upon the Fund’s maturity in two years. “One of the key features of RGFCPF is that it offers wider diversification by investing in 9 stocks from 3 segments of financial baskets. And since the percentage of weight allocation to determine the final payout for the Fund is based on the performance of the baskets, investors will benefit from this hindsight,” said Puan Sharifatul Hanizah Said Ali, the Managing Director of RHBIM. Puan Hanizah added that this Fund is suitable for investors with a short term investment time frame of 2 years, who seek capital protection and at the same time who want to participate in the rebound of the global financial sectors. A closed-end fund, RGFCPF is open for subscription from July 28 to August 26, which is also the Initial Offer Plan (IOP), at RM1.00 per unit. With an approved fund size of 200 million units, the minimum investment amount is RM5,000 and the additional investment is RM1,000 or its multiples. Additional investments can only be made during the IOP, and there is no penalty charge if the investment is held to maturity. RHB Bank is the main distributor of RGFCPF. Other distributors include RHBIM agency force, Standard Chartered Bank, United Overseas Bank. RHBIM is a wholly owned subsidiary of RHB Investment Bank Berhad with close to RM4 billion total assets under its management. For more information, please call RHBIM at toll free 1-800-88-3656 or visit the RHB Banking Group website at www.rhb.com.my or the RHBIM website at www.rhbim.com.my. Issued on behalf of RHB Bank Berhad by Group Corporate Communications Division, RHB Capital Berhad. For more information, please call Eza Dzul Karnain at 012-3420060 or 03-92802552  |
