Another new fund in the market, the BRIC (short for Brazil, Russia, India and China) Fund.

OSK-UOB new fund expected to generate 10% return annually…

OSK-UOB Unit Trust Management Bhd expects it new Capital Guarantee BRIC Fund to generate a return of 10% annually, said chief executive officer Ho Seng Yee.

He said the fund – opened for sale today until Oct 18 – was the fifth introduced by OSK-UOB this year.

??e are the first in Malaysia to introduce the BRIC fund that gives investors exposure to equity markets in Brazil, Russia, India and China,?? he told a media briefing yesterday.

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