KUALA LUMPUR: Composite insurer Zurich Insurance Malaysia Bhd continues to see opportunities in the outlook of both the global and Malaysian markets, as fundamental dynamics will continue to give the current market rally legs.
The company, which is headquartered in Switzerland, said that there were good investments overseas, as markets anticipate the eventual global recovery.
“Over the next 10 years, China will continue to do well, as the population there grows further.
“This is the same for India as well, where it will play catch up. There are opportunities in Europe and also in the United States as economies there recover,” Zurich vice president of investment management Soon Teck Onn said at the launch of the company’s three new investment-linked funds.
Zurich said that while it was positive on local equities, there was also a lot of excitement for investors outside the country, namely, among large-capitalised companies that were well-known.
Its general manager for life insurance, Mukesh Dhawan, highlighted in his presentation that companies such as Apple and Johnson & Johnson had their products in global markets and could be good investment targets.
The company noted that while it expects a number of geopolitical risks that could emerge or re-emerge in 2015, this could create attractive pockets of investment opportunities, while stocks could also see scope for earnings surprises in 2015.
Zurich’s three new investment-linked funds - the Zurich India Edge Fund, Zurich China Edge Fund and Zurich Global Edge Fund - will be managed by Schroder Investment Management Ltd, an asset management company that is based in the United Kingdom.
It aims to double its new business from 45,000 to 90,000 policies with these products or through doubling the size of each case that it takes on.
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