RHB Asset declares income distribution for 10 funds
Published on: Tuesday, August 15, 2017
Kuala Lumpur: RHB Investment Bank Bhd's wholly-owned subsidiary, RHB Asset Management Sdn Bhd (RHB AM), declared an income distribution of up to RM8.5 million for 10 conventional and Islamic funds, for the period ended May 31, 2017. In a statement yesterday, it said the fixed income funds were RHB Asian High Yield Fund – AUD, RHB Asian High Yield Fund – USD and RHB Emerging Markets Bond Fund.It said the equity funds were RHB Singapore Income Feeder Fund – MYR, RHB Singapore Income Feeder Fund – SGD and RHB Dividend Valued Equity Fund, while the balanced funds were RHB Asian Income Fund – SGD and RHB Multi Asset Regular Income Fund.ADVERTISEMENT The pension funds were RHB Retirement Series – Conservative Fund and RHB Retirement Series – Growth Fund, added the bank."RHB AM will continue to pursue good returns and dividend payouts for our investors across all funds under management.Stay up-to-date by following Daily Express’s Telegram channel.
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"Over the next few months, there will be more dividends to be declared. We are confident that our regional expertise will enable us to achieve the objectives and investment goals of our clients," said Managing Director/Regional Head, Eliza Ong.RHB AM is a regional Asean fund house with RM53 billion in asset under management as at May 31, 2017, across Malaysia, Singapore, Indonesia and Hong Kong. – Bernama