The Star Malaysia Saturday March 6, 2010
PETALING JAYA: OCBC Bank (M) Bhd is the first bank in the country to offer equity unit trust products that come without the standard sales charges of up to 5%.
OCBC Bank head of consumer financial services Charles Sik said the Pacific Elite Funds, marketed by the bank and managed by Pacific Mutual Fund Bhd, allowed investors to have equity exposure via a unit trust scheme that had no sales charge upfront.
Initially, the bank will roll-out four Pacific Elite Funds comprising three Islamic funds – Pacific Elite Islamic AsiaPac Balanced Fund, Pacific ELIT Dana Aman and Pacific ELIT Dana Dividen – and a conventional fund, Pacific ELITE Dividend Fund.
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