ANZ looks to corner the market
ANZ looks to corner the market
ANZ Vietnam last week launched a new sophisticated investment solution, Structured Investment Product, to maximise investor returns.
The product is essentially a combination of a traditional deposit and a derivative product, where returns are dependent on the performance of underlying financial assets including currencies and gold. This is a new product that has never been introduced in Vietnam.
It would allow customers to diversify their portfolios, giving principal protection at maturity and the potential for enhanced returns, according to ANZ Vietnam.
Investment capital is fully guaranteed and this product gives customers the flexibility of investment tenors to help with liquidity management. The minimum tenor of one month to year and minimum investment is $10,000 or equivalent.
“With this new product, ANZ is providing our clients with advanced and highly customised solutions that meet customers’ individual requirements,” said Duong Duc Hung, head of ANZ Vietnam retail banking.
“This is aimed at maximising investor returns in the current volatile economy where traditional investment products have performed poorly,” he added.
ANZ is the pioneer among foreign banks to introduce this first-to-market investment tool in the Vietnamese market. ANZ was amongst the first international banks to operate in Vietnam, establishing its first office in 1993.
vir
