Insurance
aia – revision of crediting rates for aia platinum legacy series
By Patrick Lim  •  October 25, 2011
we have just received this memo from aia: we would like to inform u that in view of the current interest rate environment, aia will be revising the crediting rates for aia platinum legacy series from october 04, 2011. us treasury yields have dropped significantly since end-dec 2010 and to all-time lows for majority of the benchmark treasuries. such movements are triggered by risk aversion and flight-to-quality flows on the back of rising concerns over the developed nations' growth momentum, eurozone debt crisis and financial health of the european banks. over the period from 31 december 2010 to 16 september 2011, 10-year and 30-year treasury yields moved by -1.248% and -1.022% respectively. over the period from 16 may 2011 to 16 september 2011, 10-year and 30-year treasury yields moved by -1.099% and -0.959% respectively. revised crediting rates: for aia platinum legacy and aia platinum legacy preserver, ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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