RHB Asset Management (RHBAM), formerly known as RHB Investment Management, has launched Series 2 of its RHB-OSK Focus Income Bond Fund.
The fund is a three-year close-ended bond fund which aims to maximize returns at its maturity date from a concentrated portfolio of global debt instruments.
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The capital raised from the new fund will invest at least 90% of its net asset value into global debt instruments, of which at least 70% will be invested in bonds, and up to 10% into liquid assets including money market instruments and deposits with financial institutions.
Ho Seng Yee, CEO of RHBAM, said: "We are expecting 2014 to be another year of achievement for RHBAM and we are positioning ourselves to take advantage of the opportunities that surely will come our way. We are targeting to garner strong sales from this fund from now until it closes on February 20 2014."
"This fund is simple in its structure but has the potential to offer better returns than fixed deposits. It aims to provide 4.5% yearly returns of the investors’ initial investment amount and preserve and return their capital at the end of the three-year tenure."
The offer price is at one ringgit (US$0.304) per unit, while the initial minimum investment amount is 1,000 ringgit.
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