RHB AM eyes RM100 mln subscription of bond fund
KUALA LUMPUR: RHB Asset Management Sdn Bhd (RHB AM), a wholly-owned subsidiary of RHB Investment Bank Bhd, expects to achieve approximately RM100 million subscription of its Asia High Income Bond Fund.
We are excited to offer our customers a versatile portfolio of investment opportunities that will help them yield strong potential returns over a medium to long-term period. Eliza Ong, RHB AM Regional director and managing director
Regional director and managing director Eliza Ong said it was optimistic of the performance of the fund and aimed to deliver greater value to its customers.
“We are excited to offer our customers a versatile portfolio of investment opportunities that will help them yield strong potential returns over a medium to long-term period,” she said in a statement.
Ong said RHB AM yesterday launched the fund for investors seeking to achieve capital appreciation over the medium to long-term period by investing in a diversified portfolio of investments.
The fund is a wholesale feeder fund that invests into HSBC Asia High Income Bond registered in Hong Kong. The target fund is managed by HSBC Investment Funds ( Hong Kong) Ltd.
In meeting its investment objectives, Ong said the fund would invest a minimum of 95 per cent of the fund’s net asset value ( NAV) into the target fund, while the balance of its NAV is invested into liquid assets including money market instruments, and placements of cash.
The investment objective of the target fund is to invest in fixed income securities which provide higher yield compared with their peers with the potential for capital appreciation over a medium to long-term period.