Kuala Lumpur, March 28 – Eastspring Investments Bhd announced the launch of the Eastspring Investments Target Income Fund 6 (\u201cFund\u201d), the sixth in a series of close-ended global bond fund.<\/p>\n
The Fund is a 5-year close-ended bond fund which aims to provide potential regular income distribution of 5.00% to 5.50% per annum[1] on investment amount less Goods and Services Tax (\u201cGST\u201d) with relatively lower volatility compared to equities. The targeted payout is derived from coupon income from bonds.<\/p>\n
An early termination mechanism has been built-in which gives investors the possibility of receiving their proceeds before the Fund\u2019s maturity. In addition, all foreign currency denominated bonds in the Fund may be hedged throughout the tenure of these bonds to manage currency risk.<\/p>\n
The Fund is ideal for investors who seek regular income distribution and have a moderate risk tolerance and 5 years investment horizon.<\/p>\n
The Fund will be managed by Eastspring Investments (Singapore) Limited, one of the largest Asian fixed income managers with SGD136.91[2] billion of Assets Under Management (\u201cAUM\u201d).<\/p>\n
\u201cWe believe Malaysian investors are still looking for income funds against its backdrop of a challenging equity market\u201d, says Yap Siok Hoon, Chief Sales and Marketing Officer.\u00a0<\/p>\n
\u201cKeeping this in mind, we are continuing this product offering which aims to capture the best yield opportunities in multiple fixed income assets (i.e. local\/foreign debt securities and investment grade\/non-investment grade debt securities)\u201d, says Ms Yap.<\/p>\n
With a minimum investment of RM1,000, investors can purchase the Fund at RM1.00 per unit during the 45-days offer period (from 28 March 2017 to 11 May 2017). Applications for units can be made through any of Eastspring Investments Berhad\u2019s branches, authorised unit trust consultants and distributing banks.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Kuala Lumpur, March 28 – Eastspring Investments Bhd announced the launch of the Eastspring Investments Target Income Fund 6 (\u201cFund\u201d), the sixth in a series of close-ended global bond fund. The Fund is a 5-year close-ended bond fund which aims to provide potential regular income distribution of 5.00% to 5.50% per annum[1] on investment amount […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-279","post","type-post","status-publish","format-standard","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=279"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/279\/revisions"}],"predecessor-version":[{"id":6525,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/279\/revisions\/6525"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}