HLTM Takafulís CPIL meets target

 

KUALA LUMPUR: Hong Leong Tokio Marine Takaful Bhd’s (HLTM Takaful) Capital Protection Investment-Linked (CPIL) fund has achieved its sales target of RM100 million, attracting a high majority of non-Muslim investors.
HLTM Takaful CEO Ezamshah Ismail said in a statement in Monday the success was due to the product’s relevance to the customers’ needs and effective distribution through Hong Leong Bank’s wide branch network.
Ezamshah was confident that CPIL could bring high returns if the local and global market outlook continued to be positive. The recently launched three-year syariah-compliant CPIL, which was co-structured with Citi Malaysia, closed on Oct 19.
CPIL’s returns would be benchmarked against property-related indices of the European Public Real Estate Index and the Tokyo Stock Exchange REIT Index, with the underlying commodities being oil, copper and zinc.
He said the profile with the highest return from the combination of property-related indices and commodities was selected as the best performing profile.

 
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