UOB Asset Management (Malaysia) has launched the United Closed-End Series - Strategic Recovery Fund (UCSSRF), the first fund of structured products offered by the asset manager in the country.
The UCSSRF seeks to provide income and capital preservation by focusing its investments predominantly on a structured product as its underlying asset – the fund aims at achieving its investment objective by investing its net asset value (NAV) into a structured product comprising a basket of selected stocks. In addition, the NAV is also invested in derivatives, money market instruments, deposits and/or cash. The retail market for structured notes with principal protection has been growing
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