Author Topic: Eastspring Investments launches semi-annual 4.5% new bond fund  (Read 6208 times)

Online Ļaughing Ģor

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KUALA LUMPUR: Prudential Corporation Asia's Eastspring Investments Bhd has launched a new bond fund, the Eastspring Investments Target Income Fund 2.
 
This 3-year close-ended fund aims to provide semi-annual regular income stream with a potential bonus coupon payment upon the maturity of the fund.
 
Eastspring Investments CEO Lynn Cheah said due to present low interest rate environment, investors are seeking yields, resulting in strong demand for close-ended bond funds that potentially offers higher return than fixed deposits.
 
"Keeping this need in mind, we are launching the fund which seeks to capture the best yield opportunities in multiple fixed income assets (that is foreign debt securities, investment grade and non-investment grade debt securities) through our rigorous internal credit rating process," she said.
 
Cheah said the fund would be for investors with moderate risk tolerance and seeking competitive yields and regular income within a three-year investment horizon.
 
The fund targets to provide semi-annual income, of up to 4.50% on a per annum basis, which is attractive compared to the current fixed deposit rates.
 
The minimum investment is RM1,000 and investors can purchase the fund at RM1 per unit during the 45-day offer period starting from Thursday to Aug 12, 2013.
Can someone to give me a Loan and then leave me Alone?

Offline kittima

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #1 on: July 02, 2013, 06:59:46 PM »
Interesting but it didn't work like those fix price fund which their unit price may go up and down.

Online Ļaughing Ģor

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #2 on: July 02, 2013, 07:30:52 PM »
Interesting but it didn't work like those fix price fund which their unit price may go up and down.

It is a fix price bond. Forever at RM1.
Can someone to give me a Loan and then leave me Alone?

Offline KLSE LOSSER

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #3 on: July 02, 2013, 08:54:16 PM »
It is a fix price bond. Forever at RM1.
I dont think so... It is like another bond fund type of unit trust.

Offline Name Change

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #4 on: July 02, 2013, 09:14:59 PM »
It is a fix price bond. Forever at RM1.

PROVIDED of course 1 or some of the bonds dun go belly up unless somebody attaches a monetary money back guarantee on the bonds.....

famous last words are .... is it guaranteed ? and by who?
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Online Ļaughing Ģor

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #5 on: July 02, 2013, 10:47:25 PM »
PROVIDED of course 1 or some of the bonds dun go belly up unless somebody attaches a monetary money back guarantee on the bonds.....

famous last words are .... is it guaranteed ? and by who?

Eastspring Investments, part of Prudential Corporation Asia, is Prudential plc's asset management business in Asia.
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Offline kittima

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #6 on: July 03, 2013, 11:33:04 PM »
It is a fix price bond. Forever at RM1.

Are you sure fix price, if yes they no need to stress sell at the offer period in 45 days gua....

Offline lim_90

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Re: Eastspring Investments launches semi-annual 4.5% new bond fund
« Reply #7 on: December 05, 2018, 04:22:41 PM »
Nice one  :clap: :clap: :clap: :cash: