NTUC Income has just launched a new fund, Asian Income Fund, that intends to distribute monthly dividend payout of 5–6% per annum. It captures the strong growth potential of Asia through both equities and bonds. Investors gain from an active asset allocation strategy which aims to maximize yield and total return in different market environments (Recovery, Expansion, Slowdown and Recession).
More importantly, NTUC Income will guarantee 105% of the investment amount or cash value, whichever is higher, in the event of untimely death or Total Permanent Disability (TPD) before age 65, After age 65, it is 100% of the investment amount or cash value, whichever is higher, in the event of untimely death. This is on top of the monthly withdrawal of the dividends over the years.
The Current Promotion offers a 10% bonus on the net amount of the new distribution declared for Asian Income Fund and will be given each month, up to 30 October 2014. This bonus is only payable once for each distribution arising from net new investments and top-ups. It is not applicable to monthly distribution arising from switches into this fund. The bonus will be accumulated and payable together with the accumulated distribution 45 days after 30 October 2014.
The Asian Income Fund is payable on a monthly basis with effect from November 2014. Thereafter, NTUC Income intends to pay the distribution within 45 days from the declaration date, which is the 2nd last working day of the month.
For example, if Mr Lee made a new investment of $100,000 into Asian Income Fund on 20 May 2014 and received a monthly distribution of $480 for the month of May 2014 to October 2014 as follows:
The bonus payable based on the above example is $288.
Subscription Method: Cash/SRS
Asian Income Fund Factsheet is here at http://www.income.com.sg/fund/pdf/2014/AsianIncome(Apr).pdf