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Quarterly Report 2018

Q2 2018 – Download PDF
Q1 2018 – Download PDF

Plan for tomorrow, today.

Leave your wealth in good hands. At RHB, we help you with everything from asset allocation to financial planning so your loved ones remain protected at all times.

Starting your nest egg

Our Private Retirement Scheme (PRS) allows you to invest towards your future with a low minimum contribution amount starting from RM100. You also have the flexibility to contribute to more than one PRS fund.

 

Tax exemption

 

The fund provides individual with tax relief up to RM3,000 per assessment year for the first 10 years since 2012. It is also eligible for tax exemption and employers' tax deduction.

 

For employees

 

Our PRS also features a Retention Plan as a part of a remuneration benefit package for your employees.

MCA Precious Metals Investment

Our MCA Precious Metals Investment features 17 foreign currencies and precious metals investment in one account. We are the truly diversified ONE account.

What is RHB Multi Currency Account (MCA) Precious Metals Investment?

The RHB MCA Precious Metals Investment basically allows a company or individual to invest in paper form of precious metals that is Gold and Silver. These precious metals investments will be managed under the current RHB MCA. With RHB MCA, you can now invest in Gold and/or Silver alongside 17 foreign currency deposits.

What are the salient features of RHB MCA Precious Metals Investment?

 

It is ideal for residents and non-residents, companies or individuals. With simple Over-the-Counter application, it is also affordable as we calibrate the US dollar Gold and Silver market in ounces into smaller grams in Ringgit investment. Click here for our Precious Metals Exchange Rate link.

We offer flexible initial purchase and subsequent investment:

• Gold: Individual – 5 grams; Company – 50 grams
• Silver: Individual – 300 grams; Company – 1,000 grams

Company and individual MCA can now be used to invest in Gold and/or Silver with no minimum or maximum limit to be maintained in the MCA Account. Additionally, we offer a consolidated monthly statement and convenient balance checking at your finger tips via RHB Now Internet and Mobile Banking.

What are the benefits of RHB’s MCA Precious Metals Investment?

 

In addition to potential higher returns from appreciating Gold and Silver prices, it also offers the best possible hedges against inflation. Other benefits include:

 

• Competitive Gold and Silver exchange prices quoted by RHB
• Resolve physical Gold and Silver storage and insurance requirements
• Affordable avenue for investment portfolio building and diversification
• No withholding tax and brokerage fee

I have an existing MCA account. How should I start investing and what should I do?

You can start investing immediately by visiting your RHB domicile branch. The same procedures of buying US Dollars and depositing into your Multi Currency Account applies.

I do not have an account with RHB

 

Visit any RHB Bank branch nationwide to open a Multi Currency Account and a Ringgit Savings or Current Account. Once these accounts are activated, you can start investing in Gold and/or Silver as well as in 17 types of foreign currencies below:

• US Dollar (USD)
  

• Euro (EUR)
  

• Singapore Dollar (SGD)
  

• New Zealand Dollar (NZD)
  

• Indonesia Rupiah (IDR)
  

• Chinese Renminbi (CNY)
  

• Japanese Yen (JPY)
  

• Australian Dollar (AUD)
  

• Swiss Franc (CHF)
  

• South African Rand (ZAR)
  

• Arab Emirates Dirham (AED)
  

• Brunei Dollar (BND)
  

• Pound Sterling (GBP)
  

• Hong Kong Dollar (HKD)
  

• Canadian Dollar (CAD)
  

• Thailand Baht (THB)
  

• Saudi Riyal (SAR)

What are the fees and charges?

a. Account Opening Minimum initial investment - Gold: Individual – 5 grams; Companies – 50 grams - Silver: Individual – 300 grams; Companies – 1,000 grams OR Minimum initial deposit - Any preferred of the 17 currencies offered equivalent to: Individual – USD 1,000.00; Companies – USD 5,000.00

b. Monthly/Yearly Maintenance NIL

c. Minimum Balance NIL

d. Conversion Gold and/or Silver to/from RM NIL

Can I withdraw my Precious Metals Investments in physical form?

No. Physical conversion of Gold and Silver from your MCA is not available. Any deposit or withdrawal of Gold and Silver must be converted from or to your Ringgit account.

Is Precious Metals Investment principal protected?

 

No, it is not principal protected as an investment in precious metal is purely buying and selling based on daily precious metal pricing However, in due time, we will be offering Gold structured product that is principal protected with good interest return.

What are some major factors I should be aware of?

a. Daily fluctuation of precious metal prices due to international and local precious metal market conditions.

b. Performance of the US dollar exchange rate against Ringgit, as precious metals are predominantly quoted in US dollars.

c. International and local news that are directly or indirectly related to the precious metal market that results in investors being either bullish or bearish in precious metal holding.

d. Most importantly, Bank Negara Malaysia's foreign exchange administrative rules in the tightening or liberalisation of policies related to precious metal investment and foreign exchange in general.