CommSec launches Asia focussed investment product
(22 May 2006 – Australia/Asia) Commonwealth Bank has launched Capital Asia, a capital investment product enabling investors to tap into several strongly performing Asian markets.
Capital Asia is a five year Australian dollar investment that will provide capital growth based on the performance of key sharemarket indices for Japan (Nikkei 225), Korea (Kospi 200), Singapore (MSCI Singapore Free), Taiwan (MSCI Taiwan) and Hong King (Hang Seng).
CommSec general manager Michael Blomfield said Capital Asia would suit clients looking for innovative investment choices.
He said taking advantage of Asia’s growth opportunities had not been easy for Australian investors because of concerns over which stocks to choose, foreign exchange impacts and the safety of investor capital.
Blomfield said Capital Asia was suitable for individuals, companies and trusts looking to diversify their investment portfolio in growing international markets but who may not have the time and resources to do it all themselves.
CommSec chief equities economist Craig James said the global economy was powering ahead because of "unprecedented growth in mainland China".
"The economies which stand to benefit most from the global expansion are export-orientated economies, particularly those leveraged to the Chinese economy," he said.
"It follows that mainland China’s neighbours - Japan, Korea, Hong Kong, Taiwan and Singapore - are benefiting significantly from the China miracle. Firm business activity and higher consumer spending have lifted company profits, in turn boosting growth of the region’s sharemarkets," James said.
CommSec general manager Michael Blomfield said Capital Asia would suit clients looking for innovative investment choices.
He said taking advantage of Asia’s growth opportunities had not been easy for Australian investors because of concerns over which stocks to choose, foreign exchange impacts and the safety of investor capital.
Blomfield said Capital Asia was suitable for individuals, companies and trusts looking to diversify their investment portfolio in growing international markets but who may not have the time and resources to do it all themselves.
CommSec chief equities economist Craig James said the global economy was powering ahead because of "unprecedented growth in mainland China".
"The economies which stand to benefit most from the global expansion are export-orientated economies, particularly those leveraged to the Chinese economy," he said.
"It follows that mainland China’s neighbours - Japan, Korea, Hong Kong, Taiwan and Singapore - are benefiting significantly from the China miracle. Firm business activity and higher consumer spending have lifted company profits, in turn boosting growth of the region’s sharemarkets," James said.
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