RHB Asset Management Sdn Bhd, a wholly-owned subsidiary of RHB Investment Bank Bhd, recently declared income distribution of up to RM8.5 million for 10 conventional and Islamic funds, for the period ended May 31, 2017.
The fixed income funds are RHB Asian High Yield Fund – AUD, RHB Asian High Yield Fund – USD and RHB Emerging Markets Bond Fund. The equity funds are RHB Singapore Income Feeder Fund – MYR, RHB Singapore Income Feeder Fund – SGD and RHB Dividend Valued Equity Fund, while the balanced funds include RHB Asian Income Fund – SGD and RHB Multi Asset Regular Income Fund.
The pension funds are RHB Retirement Series – Conservative Fund and RHB Retirement Series – Growth Fund.
Eliza Ong, Managing Director/Regional Head of RHB Group Asset Management (pix) said, “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. We are confident that our regional expertise will enable us to achieve the objectives and investment goals of our clients.”
“RHB AM is currently one of the top 3 fund management companies in terms of asset under management (AUM), largely due to our wide network of distributors across the country and extensive range of conventional and Shariah offerings,” she added.
The distribution for RHB Retirement Series-Growth Fund was 2.00 sen per unit and 2.50 sen for the RHB Retirement Series-Conservative Fund. As for the RHB Dividend Valued Equity Fund, the distribution was 4.20 sen.
RHB AM declared quarterly distribution for RHB Singapore Income Feeder Fund-MYR (2.30 sen); RHB Singapore Income Feeder Fund-SGD (2.20 sen); RHB Asian High Yield Fund-AUD (1.80 sen) and RHB Asian High Yield Fund-USD (1.50 sen).
The RHB Asian Income Fund-SGD saw a distribution of 0.90 sen per unit; RHB Multi Asset Regular Income Fund (1.5 sen) and RHB Emerging Markets Bond Fund (1.40 sen).
RHB AM is a regional ASEAN fund house with RM53 billion in AUM as at 31 May, 2017, across Malaysia, Singapore, Indonesia and Hong Kong.
RHB AM total gross distributions declared for the period ended May 31, 2017 are as follows: