SBB Global Balanced Fund fully subscribed!
The Edge Daily.com (17 March 2006)SBB Global Balanced Fund fully subscribed!
SBB Mutual Bhd’s second global fund, SBB Global Balanced Fund (GBF) has been fully subscribed in less than two months after its launch.
It said all 400 million units of GBF was fully subscribed on March 14. This follows closely the success of the SBB Global Growth Fund (GGF) which was also fully subscribed in January.
The third fund launched under the SBB Global Fund Series is the SBB Asian Equity Fund (AEF).
In a statement on March 16, SBB Mutual said all three funds were true-to-label foreign funds and had received tremendous support from it s distributors and the investors.
Tan Beng Wah, CEO of SBB Mutual said: “The GGF was re-opened with an additional 200 million units in February, and that is being taken up quickly too.”
He said AEF, which was launched on March 1, 2006, was also receiving encouraging response from the investors.
Tan added that SBB Mutual would continue to offer more innovative funds, both domestic and global funds this year to cater more specifically to the needs of the public.
AEF invests in the Asian region for capital growth by investing in equities and equity related instruments.
GGF seeks long-term capital growth in global equities and debt obligations of companies and governments worldwide and is suitable for investors with an investment horizon of more than five years.
GBF aims to provide investors with capital appreciation and current income over the long term by investing in a diversified portfolio of equity and fixed income securities worldwide.
Franklin Templeton Investments is the outsourced foreign fund manager undertaking the investment management function of the global funds.
Courtesy of...
Regards,
Lee Foo Yee
SBB Mutual Berhad
012-6285101
fooyee@gmail.com
posted by fooyee @ 2:58 PM
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