Maybank launch targets retail clients
The capital-guaranteed products give investors exposure to G10 currencies via a proprietary index comprising the euro, US dollar, yen, sterling, Swiss franc, Swedish krona and Norwegian krone, as well as Canadian, Australian and New Zealand dollars.
Spencer Lee, Kuala Lumpur-based head of consumer banking, capital at the bank, said at maturity the investor receives 100% of the initial capital invested, with potential returns of 6.7% per year.
If the policyholder passes, the minimum guaranteed sum
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