Manulife expects Asia Total Return Bond Fund to exceed RM100m sales

PETALING JAYA: Manulife Asset Management Services Bhd (MAMSB) is expecting its Manulife Asia Total Return Bond Fund to exceed over RM100 million in sales over the next one to three months.

Head of retail wealth distribution Ng Chze How said this is based on customer demand as MAMSB is adopting its existing strategy for the product.

“Although the fund (the product) is new, the strategy being used are existing ones. We have been sharing the strategy with our existing clients, our researchers and retail distributors, and it showed that they needed this product.

“We are looking at a single-digit return for 2019 based on the current running yield in our portfolios which is at 5.36 per cent, appreciation in Asian currencies of one to two per cent and the flow of funds which will appreciate further once investors start pouring into these instruments,” said Ng at the launch of the fund here today. - Bernama

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