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KUALA LUMPUR: CIMB Bank Bhd launched its Dynamic Asia Capital Protected (DACP) fund yesterday which offers investors exposure to the economic growth within the Asian region via three underlying indices within its portfolio, namely the Hang Seng Index, MSCI Sing Cash IX Index and Nikkei 225.
The DACP fund is a three-year product combining insurance and investment features.
Its retail banking head Peter England said: “Applying DACP’s Investment strategy to historical data, investors could see potential average annual returns of 11.6%.”
He said DACP was suitable for investors who were uncertain about the market yet wanted to ride on the growth of Asian equities while locking in their returns during market gains.
He added that the portfolio would come with a dynamic rebalancing strategy that facilitates prudent adjustments according to market conditions and insurance coverage, besides having a capital protection feature, if the investment was held to maturity.
In a press statement yesterday, it said in the event an investor passed away before the investment matured, his surviving nominees would receive at least 125% of his investment within 14 days.
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