AmAsia Star

A closed-end 3-year capital guaranteed investment-linked fund was launched by the AmBank Group lately. Some details of the product are:

• 100% capital guarantee at maturity


• Exposure in 4 different Asian indices:
• Asia Financials Index Performance minus Cash DAXGFSRU Index
• Morgan Stanley Asia Property minus Cash MORAPRI LX Equity
• S&P GSCI Industrial Metals Excess Return SPGCIN Index
• S&P GSCI Precious Metals Excess Return SPGCPMP Index
• Performance based on best 3 out of 4 of the baskets above
• Minimum investment: RM5,000
• Maximum investment: RM1,500,000
• Offer period: 45 days
• Insurance = 125% of Single Premium (aged 1 - 60)
• Insurance = 105% of Single Premium (aged 61 - 70)
• Target fund size: RM200 mil
• Target return: 8% p.a.
• Previous launch: AmAsia Link, Sept 2007, fund size: RM100 mil

Ohter products in the pipe line:

• AmPreferred Medicare (June 2008)
• An investment-linked education product (June 2008)
• Critical illness product (July 2008)
• 3rd series of AmAsia funds (November 2008)

Source: The Star & AmAssurance