RHB Asset Management Sdn Bhd, a wholly-owned subsidiary of RHB Investment Bank Bhd, has launched the RHB Asia High Income Bond Fund for sophisticated 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 Fund, registered in Hong Kong. The target fund is managed by HSBC Investment Funds (Hong Kong) Ltd.
To meet its investment objectives, the fund will invest a minimum of 95% 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 to their peers with the potential for capital appreciation over a medium to long-term period.
A minimum of 70% of the target fund’s NAV will be invested in a diversified portfolio of fixed-income securities issued or guaranteed by government, government agencies or supranational bodies in Asia, or issued by companies which are domiciled in, based in or carry out the larger part of their business in Asia.
Eliza Ong, Regional Director and Managing Director, RHB Asset Management Sdn Bhd said, “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. We are optimistic about the performance of this fund and we aim to deliver greater value to our customers through this fund. We anticipate that the demand for the fund will achieve a subscription of approximately RM100mil by the year end.”
“RHB AM continues to be dynamic and innovative in identifying opportunities for growth while maintaining a customer-centric focus as it seeks to achieve sustainable growth in becoming a leading Asian fund house with ASEAN expertise,” she added.
The base currency of the fund is the United States dollar (USD). The fund is offered for subscription in seven currency classes, namely USD class, RM-hedged class, SGD-hedged class, AUD-hedged class, EUR-hedged class, GBP-hedged class and RMB-hedged class. The minimum investment amount is RM 1,000 for RM, and US$1,000 for USD, SGD, AUD, EUR, GBP and RMB classes.
Investors are advised to read and understand the contents of the fund’s product highlights sheet and information memorandum dated 18 June 2018 before investing. Investors who are keen to learn more about the fund can visit www.rhbgroup.com and invest through any of RHB Bank’s Bhd’s branches in Malaysia.
RHB AM, a wholly owned subsidiary of RHB Investment Bank, has expertise in managing a full range of financial investments. It offers customised solutions across conventional and shariah-compliant products catering to the needs of institutional, corporate, wholesale and retail investors across the Asian region. Financial investment solutions provided include equities, fixed income, mixed assets, cash management and alternative investments tailor-made in structures covering discretionary and non-discretionary mandates, private retirement schemes, private funds and structured investments.