TO KICK off 2015, Baiduri Bank, in collaboration with BlackRock Global Funds, yesterday launched four Unit Trust funds to add to their wide array of investment products available to customers.
A seminar conducted by Kyle Wang, Vice President of BlackRock, was held yesterday afternoon at the Mutiara Ballroom, Radisson Hotel, to introduce customers to the features and benefits of the new funds and keep them informed of current market trends to help them strategise their investments and make informed decisions.
On hand to welcome guests was Pg Azaleen bin Pg Dato Hj Mustapha, Head of Retail Banking and Branch Network of Baiduri Bank.
Also present was Peng Eng Soon, Head of Wealth Management Centre of Baiduri Bank.
According to Pg Azaleen said, the main objective is to offer a variety of investment products so Baiduri investors can diversify their investment portfolio to develop a better financial future.
One of the funds offered is the BlackRock China Fund, which has a broad investment range and a flexible investment approach which captures the benefits of Chinese structural reform. China’s commitment to reform was driving a rerating which was a factor why Baiduri Bank chose to offer this fund.
According to a press release, the BlackRock Global Allocation Fund provides a one-stop solution with strong risk-adjusted performance, built-in diversification and a huge degree of flexibility.
The fund is considered one-third less risky than global stocks and is known to be a core holding fund as the fund navigated recent financial market challenges including the technology bubble and global credit crisis. This fund has been awarded a gold medal by Morningstar, a leading provider of independent investment research in North America, Europe, Australia, and Asia.
The fourth fund on offer is the BlackRock Asian Tiger Bond Fund, which provides a monthly payout of potentially more than five per cent per annum and is an efficient way of investing in Asian bonds which has proven a long track record and solid performance. The fund was awarded four stars for a three-year rating by Morningstar and voted Best Fund over three-year by Lipper Fund Awards in the “Bond Asia Pacific” category.
Another seminar will be held today at the Function Hall at Plaza Sutera Biru in Kuala Belait.
Besides unit trust and investment products, the bank has also been actively promoting its Foreign Currency Fixed Deposit and Savings Accounts as well as Twin Currency Deposits for those customers seeking higher returns.