Ho Chi Minh City, April 4th, 2019 – Chubb Life Fund Management Company Limited (Chubb Life FMC) – a subsidiary of Chubb Life Insurance Vietnam Company Limited, officially launched its first open-end fund, Chubb Bond Plus Fund.
Chubb Bond Plus Fund is managed by a team of professional, qualified and experienced fund managers from Chubb Life FMC. The investment objective is to maximize profit by investing in primarily fixed-income assets and certain equities with strong fundamentals. Furthermore, under the supervision of Standard Chartered Bank Vietnam and with annual reports audited by a prestigious international auditing company, the Fund provides transparency to its stakeholders.
The Fund’s certificates have high liquidity and cater to a wide range of customers with varying degrees of wealth starting from as low as VND 1,000,000 initital investment. During the Fund’s initial public offering (IPO) from November 22nd, 2018 to January 8th, 2019, over 6 million certificates were offered at VND 10,000 per fund certificate.
Mr. Lam Hai Tuan, Chairman of Chubb Life FMC said, “Investing in the Chubb Bond Plus Fund enables customers to own a diversified investment portfolio managed by qualified professionals. Another advantage of an open-end fund is the low capital requirement compared to other traditional investment channels which require investors to have a large capital amount, deep market knowledge and high risk acceptance.”
In addition, with the launch of the Fund, Chubb Life FMC also introduces the Chubb Scheduled Investment (CSI). This is an investment program which allows investors to form a pattern of regular and disciplined accumulation – the golden rule of wealth management. CSI also makes it easy for customers to save a fixed amount every month by subscribing to fund certificates.
Detailed product information, including the benefits and terms and conditions of Chubb Bond Plus Fund, is included in the product brochure and policy document. In case of a conflict between this press release and the policy document, the terms of the policy document shall govern.
About Chubb Life in Vietnam
Chubb Life is the international life insurance division of Chubb. In Asia, Chubb Life operates in Hong Kong SAR, Indonesia, Korea, Taiwan, Thailand and Vietnam, and participates in a joint-venture in China. Chubb Life has been in Vietnam since 2005, and launched its Fund Management Company (Chubb Life Fund Management Company Limited) in 2014. To meet the financial protection and security needs of its broad range of customers, Chubb Life in Vietnam (Chubb Life Insurance Vietnam Company Limited) offers a range of life protection, savings, and investment-linked insurance solutions through its agents, banks and its network of more than 80 offices. Additional information can be found at: http://life.chubb.com/vn
About Chubb Life FMC
Chubb Life Fund Management Company Ltd. (or Chubb Life FMC) is an affiliate of Chubb Life Insurance Vietnam Company Ltd.
The founding of Chubb Life FMC ensures Chubb Life Vietnam’s increasing responsibility to customers and optimizes investment results in current insurance products. Chubb Life FMC also brings new benefits to customers and Vietnam’s growing economy through developing a broad range of new products and services.
Chubb Life FMC is licensed by the State Securities Committee and follows strict regulatory and reporting standards as required by the fund management industry. The company is staffed with licensed investment professionals with expertise across a range of asset classes including equity and fixed income. Additional information can be found at: www.chubblifefund.com.vn
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. Additional information can be found at: www.chubb.com