RHB AM, IIAM declare income distribution for 35 funds

KUALA LUMPUR: RHB Investment Bank Bhd wholly-owned subsidiaries RHB Asset Management Sdn Bhd (RHB AM) and RHB Islamic International Asset Management Bhd (IIAM) have declared income distribution of up to RM150.4 million and RM10.7 million, respectively, for 35 conventional and Islamic funds for the January-May period.

For the financial period ended May 31, RHB AM declared quarterly income distribution for RHB Asian High Yield Fund-RM of 2.05 sen per unit, RHB Asian High Yield Fund-USD of two sen per unit and RHB Asian High Yield Fund-AUD of two sen per unit.

The quarterly income distribution for RHB Emerging Income Fund-RM was 1.30 sen per unit and RHB Emerging Income FundUSD was 1.26 sen per unit.

“RHB AM will continue to pursue good returns and dividend payouts for our investors across all funds under management. Over the next few months, there will be more dividends declared to investors,” said RHB Group Asset Management managing director/regional head Eliza Ong in a statement yesterday.

The RHB Asian Income FundSGD saw a quarterly income distribution of 1.10 sen per unit while RHB Emerging Markets Bond Fund was 1.00 sen per unit.

RHB AM declared annual income distribution for RHB Dividend Valued Equity Fund of 2.05 sen per unit, while IIAM declared annual income distribution for RHB Global Sukuk Fund-Series 2 of 4.65 sen per unit.

RHB Group Asset Management is a regional Asean fund house with US$12.4 billion (RM49.88 billion) in asset under management as at May 31 across Malaysia, Singapore, Indonesia and Hong Kong.