Eastspring declares distribution for Eastspring Investments Asian High Yield Bond MY Fund

KUALA LUMPUR: Eastspring Investments Berhad yesterday announced the first income distribution for its Eastspring Investments Asian High Yield Bond MY Fund (Fund).

The Fund is a wholesale feeder fund which aims to maximise income and capital appreciation by investing in the Eastspring Investments-Asian High Yield Bond Fund, which invests primarily in Asian high yield bonds.

For the US class, Eastspring declared a gross distribution of 0.0080 per unit.

Meanwhile, its Australia dollar hedged class was alloted a gross distribution of 0.0135 per unit, while the ringgit received 0.0174 per unit.

All unit holders who have maintained their unit holdings in the Fund as at July 21, 2016 will be entitled to the income distribution.

“The Target Fund is managed by Eastspring Investments ( Singapore) Limited's fixed income team with a proven track record, with this in mind we continuously aim to provide our investors with regular income,” said Raymond Tang, Chief Executive Officer of Eastspring Investments Berhad.

Eastspring Investments is a leading asset manager in Asia that manages over US$131 billion assets (as at 31 December 2015) on behalf of institutional and retail clients.

Operating in Asia since 1994 in 10 major markets plus offices in North America and Europe.

Eastspring Investments is the Asian asset management business of Prudential plc, one of the world's largest financial services companies.

Established in 2000 and based in Kuala Lumpur, Eastspring Investments Berhad is one of the leading asset management companies in Malaysia in both institutional and retail, with about RM32 billion in assets under management in the country as at 31 December 2015.

It manages unit trust funds, wholesale funds as well as private mandates. — Bernama