Others

1. Warrants/Transferable Subscription Rights (TSRs)

   Warrants/TSRs give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time. The warrants/TSRs (usually attached to an issue of loan stock) are issued by the company. Warrants have a maturity date (up to 10 years) after which they expire worthless unless the holder had exercised to subscribe for the new shares before the maturity date.
   

2. Call Warrants

   Call warrants also give a right, but not an obligation, to buy a fixed number of shares at a specified price within a limited period of time. But unlike warrants/TSRs, call warrants are issued by third parties based on existing shares. Therefore, they do not increase the issued capital or dilute the earnings of the company as a warrant/TSR would do. Call warrants have maturity dates of not more than two (2) years.

3. Property Trusts

   A property trust fund involves a listed company which invests its funds in landed properties. It operates just like a unit trust except that it invests in property rather than shares. It therefore provides investors access to retail and commercial properties.
   

4. Close-end Funds

   A closed-end fund involves a listed company which invests in shares of other companies. A closed-end fund company has a fixed number of shares in issue at any point of time, the price of which will fluctuate according to net asset value and market forces.
   

5. Exchange Traded Fund (ETF)

   Exchange Traded Fund (ETF) is designed to track performance of an index. It offers additional benefits of diversification and market tracking while retaining the features of convenience and flexibility of ordinary stocks. Investors can buy or sell ETF through their stockbrokers anytime during trading hours.