To capitalise on the growth potential of Brazil, Russia, India and China economies
Public Bank, a Malaysia-based provider of financial services, has launched PB Templeton BRIC, a structured investment product, offering investors to capitalise on Brazil, Russia, India and China (BRIC) economies.
Reportedly, this is for a three-year, nine-month period via Floating Rate Negotiable Instruments of Deposit (FRNID) and capital-protected in Malaysian Ringgit if held to maturity. The Templeton BRIC fund is managed by Franklin Templeton Investments, a US-based investment-management company.
Tan Sri Tay Ah Lek, managing director, Public Bank, said: “PB Templeton BRIC provides an annual variable coupon of up to 3% for the first three years of the investment and at maturity, the potential is unlimited enhanced return based on the average performance of the underlying asset performing above 110%. This is suitable for investors who are seeking potentially higher returns compared to the current fixed-deposit rates without taking undue risk on their wealth if the investment is held to maturity, and for those seeking to diversify their investment portfolio into emerging markets.”