Friday, June 21, 2013

China Bank offers new investment product

By 
r

 11 82 25

AFP file photo
Tycoon Henry Sy-led China Bank has unveiled a new unit investment trust fund (UITF) that will invest in a portfolio of select equities, targeting investors with higher risk appetite and a longer investment horizon.
In a statement, the bank said it had rolled out China Bank Equity Fund, its fifth UITF offering, “as part of its continued efforts to provide a comprehensive range of investment solutions to its clients.”
Classified as an “equity fund,” up to 90 percent of funds held will be invested in select equities listed at the local bourse. The balance will be invested in short-term tradable fixed-income securities and bank deposits to support liquidity and redemption requirements.
“With the generally bullish prospects portended for the Philippine economy, and by extension to the various companies listed in the domestic stock exchange, China Bank Equity Fund is an excellent opportunity for investors to participate in the bullish Philippine equities market and earn potentially higher returns,” said China Bank senior vice president and head of trust group Rene Sarmiento.
Available at all China Bank branches nationwide, the bank said the fund was for clients with an “aggressive” investor risk profile or those who are willing to stay invested in the fund for, at least, and accept a greater level of risks, such as the volatility of returns and possible erosion of principal.
“By assuming a longer investment horizon, the investor will be in a better position to weather short-term volatility that may be encountered by the fund due to changes in prevailing market conditions, and thus enjoy the potential benefits of capital appreciation and favorable long-term returns,” the bank said.
The minimum investment is P50,000 and the minimum holding period is 30 days. Once opened, regular additional contributions can be made in minimum amounts of P10,000.
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687.

No comments:

Post a Comment