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AmInvestment Bank is launching a new capital-protected fund and it is optimistic of a good take-up rate for this RM100mil new fund. According to its CEO, the launch of the fund is timely in view of the current macroeconomic uncertainties. Since it is capital protected, the fund offers a safe haven for risk-averse investors looking to hedge against the uncertainty in the global market, she adds. The Fund is a close-ended fund which aims to provide regular income with an investment horizon of 2.5 years (30 months) whilst providing capital protection on Maturity Date. The Fund seeks to achieve its objective by investing in ZNIDs and/or MGS and an over-the-counter option linked to the price movement of a basket of five (5) consumer related stocks . For the purpose of the Fund, consumer related stocks refer to stocks of companies that produce products/services that are consumed by individuals. Selection of consumer related stocks is based on fund...

In the recently concluded 1Q2012 reporting season, a similar  number of companies under our coverage underperformed, at 31% versus 32% in 4Q2011 and  34% in 3Q2011. The percentage of companies that outperformed fell to 14%  from 17% in the  previous quarter (see Fig 1) and 15% in 3Q2011. Surprisingly, there were more earnings  letdowns among the big caps , with 27% missing estimates versus 17% in the preceding quarter  while among the small caps, more companies trumped estimates - at 20% - compared with 12%  in 4Q2011. The notable positive surprises among the big caps were Maybank and JCY while the  negatives were from MAS, the Genting Group and MISC. Steel, plantations and oil & gas disappointed. The steel, plantations and oil & gas sectors were  dogged  by industry-specific issues and the macro-economic environment. Most steel  companies that we cover continued to be mired in losses due to weaker selling prices and high...

Heard about 1Care Malaysia healthcare plan? If no, then you must read this article thoroughly word by word. Because the the proposed healthcare system will drastically change the way we seek for treatment in the future. The main issue was " Is it viable to implement 1Care? ". Well, the intention is good for our community. The plan had a very beautiful definition as below: But... Concern is always there whenever Government want to implement something and that thing is managed solely by Government. Experience? Got (bad experience). Money? Got, but already drained somewhere (normally). You can't prevent Malaysians from worrying, especially when 1Care touches each and everyone of us for life. What are the concerns? Each person in different sector have different risk level . How to determine the amount of contributions of each contributor? Subsequently, how to determine the benefits package each individual entitled to? If the benefits was based on the amount of contribution...

What is the main risk for Asian economy? None other than Inflation . Across the region, fast-growing countries such as Singapore, Indonesia, India and China are reporting faster than expected price increases in tandem with their economic success. To fight inflation, many countries already carried out their tools of tightening. We have Singapore who fights imported inflation via stronger currency. Meanwhile, other countries are going for the traditional way of hiking interest rate and increasing bank reserve requirement since last year. At first, Bank Negara Malaysia called it as "normalization", but it seems to be "containerization" going forward to contain inflation. Who's fault? There are 2 causes for the problem, which I categorized them into international and national. Among the international contributing factors were: Loose monetary policies practiced by US and Europe, who slashes interest rate to almost zero and carried out large scale of asset purchases...

So far, equity markets are down anywhere between 10-20% and bond yields in a number of major markets are reaching historic lows. Although it is difficult and nerve racking, investors should understand some of the forces behind what's creating this volatility and how they're likely to play out in the near term. When will market rebound? Again, we simply cannot answer that million-dollar question. If I know, I won't be writing this article here telling you all stories and facts. We should have a longer term view, especially during volatile times when fears dominating the marketplace. So, what are some of the driving forces behind? If we go back to basics, the 4 components that really drive economic growth are Government, Consumer, Corporate, Import & Export. If we look at each individually, we can do better opinion, by analyzing them. Government : Since 2008, governments have played an increasingly dominant role in the markets that we're familiar with. They are exp...

Yet, another capital protected fund for investors by OSK-UOB unit trust management. Following the pump priming efforts by governments around the world during the financial crisis, the global economies have begun to stabilize and signs of recovery are growing strong. The stimulus packages introduced have benefited broad market sectors to a different extent in each sector at each stage of recovery. "At each stage of the economic recovery, different market sectors will benefit to a different extent. These 4 sectors which are well diversified are expected to capitalize on the different sectors' play", said Ho Seng Yee, CEO of OSK-UOB. According to Ho, the fund shares a similar strategy with the OSK-UOB Capital Protected Gold Guru Fund that was launched in 2009 and has registered returns of 29% . Funds' Allocation & Strategy This is a 4-year close-ended capital protected fund which aims to provide capital appreciation over the medium term whilst protecting in...