Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Sunday, 12 July 2009
ILP Gold Fund
Can you buy an investment-linked product in Malaysia that has unit fund invested in gold?
A quick check on the ILP funds that have their unit prices published in Business Times seems to suggest that there is currently no such fund available.
Banks have already embarked on various gold products including physical investment in gold coins, pendants and gold bars. There are also passbook gold investment accounts offered by some banks. You may also buy gold-linked capital protected unit trusts from the market.
Gold generated strong investment returns of 16% in the past 6 months and 43% in the past 24 months.
If there is no ILP gold fund in the market, for insurance product developers out there reading this blog, you may want to explore the feasibility and be the first insurer to launch the fund.
Source: The Star
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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