Public Bank is launching the PB Templeton BRIC, a structured investment product, offering investors the opportunity to capitalise on the growth potential of the Brazil, Russia, India and China economies.
"PB Templeton BRIC provides an annual variable coupon of up to three percent 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 percent," said Managing Director Tan Sri Tay Ah Lek.
"This Investment 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," he added.
This Investment is for a three-year, nine-month period via Floating Rate Negotiable Instruments of Deposit and is 100 percent capital-protected in Malaysian Ringgit if held to maturity. The minimum investment is RM65,000, with multiples of RM5,000 thereafter.
The BRIC countries are four of the fastest-growing economies in the world, accounting collectively for about 30 percent of the world’s gross domestic product, according to the International Monetary Fund.
The BRIC markets have long-term growth potential, especially since these countries are now at a relatively early stage in their development.
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