I saw this quote from hardwarezone forum and would like to see everyone's opinions.

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New fund to be launched

This fund invests in the Asia Pacific developed markets, namely - Singapore, Japan, Hong Kong, Taiwan, Australia and Korea.

There will be a regular payout of cash to unit holders of this fund. The payout is a guaranteed 8% p.a. coupon based on the fund’s NAV on the anniversary date. This payout will be done quarterly.

For example, the fund has a starting NAV of $1. So for the first year, $0.02 will be paid every quarter.

For the next year, the NAV at the anniversary date will be used to determine the coupon payout. If the NAV is $1.10, $0.022 will be paid out every quarter. Conversely, if the NAV is $0.90, each payout will be $0.018. And so on for subsequent years.

Just to take note that like any other unit trust, the capital is not guaranteed nor protected.

The stocks selected for this fund will be based on dividend yield, valuation and momentum. There will also be a liquidity criteria of market capitalisation over US$2 billion and a daily volume of minimum US$20 million.

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seems quite attractive eh?