KUALA LUMPUR, July 26 (Bernama) — Eastspring Investments Berhad’s new global bond fund, the Eastspring Investments Target Income Fund 8 (“Fund”) has raised over RM100 million in the first five days of its offer period (“OP”). This is the eighth bond fund Eastspring has launched in the Malaysian market in 8 years.
The new Fund is a five-year closed-ended bond fund¹ that aims to provide potential regular income distribution of between 4.7 – 5% per annum² with lower volatility compared to equity funds. The targeted payout is derived from coupon income from bonds. The Fund is ideal for investors who seek regular income distribution and have a medium to high risk tolerance.
