Allianz Life And HSBC Malaysia Launch Fund For Customers To Invest In Global Funds

Allianz Life Insurance Malaysia Bhd and HSBC Bank Malaysia Bhd have launched a new investment-linked (IL) fund, the Allianz Life Elite Income to provide more opportunities for customers to invest in global bonds.

Allianz Life Elite Income Fund invests in an underlying fund, the PIMCO GIS Income Fund. It is the first PIMCO fund that is offered as an IL fund in Malaysia.

Allianz Life Chief Executive Officer, Charles Ong said the Allianz Life Elite Income Fund is especially designed to cater to customers who seek stability and consistent investment returns over a medium to the long-term period from fixed-income funds.

“Investing in the global markets can help investors mitigate the impact of the local market crisis on their investments, with a higher probability of long-term growth. As such, it is crucial to pick the right fund and time to invest globally.”

“The Allianz Life Elite Income provides an opportunity for everyone to access fixed income funds globally at an affordable premium via the IL plans under HSBC. In addition, customers will be getting the best of both worlds from the IL plans which also come with life insurance protection,” Ong said.

The global bonds investment opportunity is offered at a relatively low annual fund management fee of 0.90% p.a via HSBC IL plans including HSBC’s EliteSaver Plus, HSBC’s EliteSaver GIO or HSBC’s EliteCare Plus, via a lump sum investment amount or regular savings for dollar-cost averaging.

Previous articleDelyva Launches New International Shipping Service to Help Malaysian SMEs Grow Sales Across Asia
Next articleLBS Foresees Recovery In Property Sector In 2022


Please enter your comment!
Please enter your name here