Bank's Chinese New Year Promotions

Leap, Leap, Leap to greater prosperity in the year of Rabbit.

In conjunction with the coming festive season, banks are going all out to lure their customers from all angle. It ranges from deposit, investment, insurance, credit cards, and of course shopping and dining. In order to stay relevant, Finance Malaysia is proud to highlights some of the promotions.

Deposit

CNY Promotion: Hong Leong Saving Account

CNY Promotion: UOB Deposit

Investment

Public Bank is offering auspicious works of art (prosperity fish, peach, and bowl) to customers who invests a minimum of RM50,000 in Unit Trust, plus RM2,000 in Bancassurance or RM50,000 in Foreign Currency Fixed Deposit.

CNY Promotion: Public Bank (Investment + Banca / Foreign Currency FD)

Eat, Eat, Eat...

Enjoy FREE salmon "yee sang" with your AmBank credit card

Enjoy 'Extravagant 8 Menu' for just RM888++ with Standard Chartered credit cards.

New Fund: OSK-UOB Asia Financials Fund

As the conduit of everyday business, the financial sector lies at the centre of any modern economy. Asia is in an exciting stage of economic development and its financial sector, which mirrors this dynamism, is set to enjoy strong growth potential.

Participate in Asia's financial sector that stands at the heart of Asia's investment story. OSK-UOB is introducing the OSK-UOB Asia Financials Fund, with tag line: "The Heart of Asia's Investment Story".

Key highlights during the new fund launching:-

• Banks are poised to grow with strong balance sheets
• Life insurance and consumer credit are still below the levels of more developed nations
• Greater capital market activities are also due to benefit Asian investment banks
• Asia, excluding Japan, is expected to register an estimated GDP of 8% in 2011
• Asia Pacific region is also expected to surpass North America as the region with the largest high net worth individual wealth by 2013
• This translates to for financial institutions, especially wealth management activities

This is a feeder fund that will invest principally in one of the sub-funds under the umbrella of the United Financials Multi-Strategy Funds managed by UOB Asset Management Limited, Singapore, that is the United Asia Financials Fund (UAFF).

The indicative asset allocation is as follows:

• > 95% of NAV invest into United Asia Financials Fund
• 2% - 5% of NAV in liquid assets, etc money market instruments and deposits

The fund is suitable for investors who:

• wish to tap into the growth prospects of the Asian financial sector (excluding Japan)
• are willing to accept a higher risk in their investments to obtain potentially higher returns in the long term
• seek capital growth

  

Source: OSK-UOB unit trust management bhd

New Fund: OSK-UOB China-India Dynamic Growth Fund

OSK-UOB Unit Trust Management Bhd is launching a new fund on 11th March 2010. The fund will capitalise on the potential growth of world's two largest emerging countries. With a spectacular GDP growth of 8-10% per annum, China and India poised to lead the world's economy out of recession. China and India now ranked as world's 2nd and 4th largest economy respectively, and will outpace Japan in the next few years.
Among the key selling points of the fund are:

1. Rapid urbanisation
2. Great domestic consumption demand
3. Sustainability of strong GDP growth

This is a high risk, high return fund, with portfolio allocation of 60%-40% between the two countries.
UOB asset management will manage the China portfolio, while, UTI International (Singapore) is the sub-manager for India portfolio of the fund.