KUALA LUMPUR (May 25): Manulife Malaysia has launched a new investment-linked fund, Manulife Global Equity Fund, for customers in Malaysia looking for high-quality overseas stocks and long-term investment horizon.
In a statement today, the company said the new fund will invest in the AllianceBernstein SICAV I – Low Volatility Equity Portfolio (target fund), which seeks to provide capital appreciation by achieving quality and stability through diversification with global equities.
It said the target fund’s portfolio is positioned, so that it is prepared for a downturn and poised for recovery. The Manulife Global Equity Fund is suitable for customers who seek capital appreciation, are looking for investment exposure in the diversified global market, and are willing to accept a higher level of risk with a low-income requirement.
PETALING JAYA: Insurance companies are setting aside more funds to expand special plans related to the Covid-19 pandemic, including covering any adverse reaction from vaccination.
While health experts have said that any side effect from Covid-19 vaccines is rare, the coverage is a precautionary measure.
Most insurance firms have extended their coverage of cash aid for hospitalisation and death from Covid-19, which was supposed to end in December 2020, until this year.
The benefits are for existing and new policyholders at no additional cost for an allocated period of time or until the fund limit is reached.
National Association of Malaysian Life Insurance and Family Takaful Advisors (Namlifa) president A.M. Naidu said insurers had been very supportive of the government’s aspirations to include private healthcare providers in treating Covid-19 patients.