27  July 2009  - 22:53
Maybank Increases Deposit Size for AsiaPac Hybrid

Maybank today announced that it has increased the deposit size for AsiaPac Hybrid Capital Protected from RM200 million to RM300 million following strong investor demand.

The structured deposit product was fully subscribed within 24 hours of the fund launch. Maybank Head of Wealth Management Teh Cheah May said, “Investors were particularly keen with the minimum guaranteed returns and maximum potential gain.”

“Investors can look forward to receiving higher capital appreciation than conventional savings or fixed instruments as well as the guaranteed capital protection and minimum return upon maturity. There is growing interest by investors seeking alternative investments for sophisticated products that offer access to non traditional asset classes, broad diversification, yield enhancements and different pay-out structures,” she added.

The minimum entry level to the product is RM100,000 and subsequent investment multiples of RM50,000. The initial offer period was 14 days.

Teh said the product’s unique features included a minimum of 8% guaranteed return payable over 15 quarterly coupon payments and 100% capital protection when held to a maturity period of 3 years and 9 months. There is also a maximum potential gain of 32.5% from exposure to 7 underlying asset classes comprising 3 Asian Pacific indices and 4 commodities.

”Customers can expect more value propositions in financial planning and wealth generation opportunities from Maybank through its wealth management network in the coming months,” Teh added.