Etiqa rolls out first open-ended investment-linked fund with income distribution

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Targeted at individuals who prefer a continuous income stream and have an appetite for a higher risk investment strategy. Brought to you by EtiqaMY

The fund is targeted at individuals who prefer a continuous income stream and those who have an appetite for a higher risk investment strategy.

“The fund’s launch is timely, as earnings for Asian companies are expected to recover strongly as Covid-19 vaccinations become more widely available, coupled with the low interest rate environment which will drive appetite for dividend income,” she said. The fund aims to pay dividends on a semi-annual basis, generated from any potential dividend paid by the underlying companies invested by the target fund.

At least 95% of the funds will be invested in an approved Asia Pacific ex Japan equity fund and the remainder in cash and fixed deposits. “We have identified a suitable fund solution that satisfies our criteria to meet the demand,” she said.

 

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