RHB Asset Management declares distributions for 35 funds

  • Banking
  • Tuesday, 10 Jul 2018

KUALA LUMPUR: RHB Asset Management Sdn Bhd and RHB Islamic International Asset Management Bhd, wholly-owned subsidiary of RHB Investment Bank Bhd, declared income distribution of up to RM150.4mil and RM10.7mil respectively for 35 conventional and Islamic funds, from January 31 to May 31, 2018.

“RHB Asset Management 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 Asset Management managing director/regional head Eliza Ong said in the statement. 

RHB Asset Management said for the financial period ended May 31, it declared quarterly income distribution for RHB Asian High Yield Fund-RM was 2.05 sen per unit; RHB Asian High Yield Fund-USD was 2.00 sen per unit and RHB Asian High Yield Fund-AUD was 2.00 sen per unit.

The quarterly income distribution for RHB Emerging Income Fund-RM was 1.30 sen per unit and RHB Emerging Income Fund-USD was 1.26 sen per unit.

The RHB Asian Income Fund-SGD saw a quarterly income distribution of 1.10 sen per unit; while RHB Emerging Markets Bond Fund was 1.00 sen per unit.

RHB Asset Management declared annual income distribution for RHB Dividend Valued Equity Fund of 2.05 sen per unit, while RHB IIAM declared annual income distribution for RHB Global Sukuk Fund – Series 2 of 4.65 sen per unit.
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