OSK-UOB Unit Trust Management Bhd expects its latest fund, the OSK-OUB Capital Protected Asia Gaming and Hospitality Fund, to be fully taken up within 45 days of the launch today.

Its chief executive officer, Ho Seng Yee, said with Asian economies leading in the run-up to the global economic recovery, OSK-UOB expected the gaming,entertainment and hospitality sector to be one of the beneficiaries positioned for growth.

'The fund will seek to capitalise on the expected growth of the gaming and hospitality sector in Asia, particularly in Macau and Singapore,' he said at the launch of the fund here today.

Ho said the four-year closed-end fund aimed to provide regular income over the medium term while protecting investors'' capital on maturity.

'The fund's principal strategy is to invest 87-90 per cent of the capitalraised in four-year Zero Coupon Negotiable Instruments of Deposits to accord the capital protection feature.

'The remainder will be invested in a four-year over-the-counter option whose underlying assets is a basket comprising stocks of four companies which derive a significant portion of their revenues from gaming and hospitality businesses located in Macau and Singapore,' he said.

The initial approved fund size is 100 million units are offered to the investing public at an initial unit price of RM1 per unit.

The subscription period is from Oct 5 to Nov 18, 2010. The initial minimum investment amount is RM1,000 and the subsequent minimum top-up is RM1,000. - Bernama