KUALA LUMPUR: OSK-UOB Unit Trust Management Bhd has increased the size of OSK-UOB Energy Fund to 600 million units on the back of strong and consistent demand for its units from investors.
In a statement today, OSK-UOB Unit Trust said the initial units offered for subscription on the fund's launch in March 2009 were 400 million units.
"Our investors' enthusiastic demand for the units of this fund has been good throughout the period and since its launch date. This exercise to increase its fund size is required to meet the steady and constant stream of applications for its units," said CEO of OSK-UOB Unit Trust CEO Ho Seng Yee.
He said the fund was aimed at providing long term capital appreciation through an investment linked to the global energy sector.
"Since its launch last March 2009 to year ended December 2009, the Energy Fund has given our investors a total return of 13.7% on the initial offer price of 50 sen per unit."
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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