Avenue Invest is offering Malaysian investors its first capital-protected investment, Avenue Trident Capital Protected Fund.
The two-year close-ended unit trust fund offers full capital protection and growth linked to an equally-weighted basket of indices comprising S&P Bric40, Credit Suisse Emerging Markets Infrastructure and S&P GSCI Agriculture indices.
“With our new fund, we are offering opportunities for investors to capitalise on the fast growing markets of Brazil, Russia, India and China - the Bric economies - which are the new engines of the world’s economy. Their combined population represents huge labour and consumer potential," said Avenue MD Tan Jin Teik.
“The launching of this fund is timely, as the asset classes the fund will invest in have corrected from their highs but still offer excellent long-term prospects. By investing in this fund, investors can enjoy the best of both worlds: potential upside from three high growth asset classes, with the comfort that their capital is protected,” he added.
The fund will invest at least 90% of capital in zero-coupon negotiable instruments of deposits and up to 8% in OTC options as well as holding 0.25% in liquid assets.
The product has an approved und size of 200 million units at MYR0.5 ($0.15) per unit, and the offer period runs until 1 August 2008. Minimum investment is MYR5,000.
