OSK-UOB Investment Management Introduces Asian Income Fund

KUALA LUMPUR, June 5 (Bernama)-- OSK-UOB Investment Management Bhd, a subsidiary of OSK Investment Bank Bhd, launched on Tuesday its latest fund, the OSK-UOB Asian Income Fund. OSK-UOB Investment Management Chief Executive Officer Ho Seng Yee said:"In view of the current volatile markets globally, investors are ever cautious and on the lookout for stable investments that come with income and growth potential. "In this regard, we are now offering a fund that will potentially meet such needs as it invests in Asian dividend paying stocks and Asian high yielding fixed income securities, which offer income and potential growth of capital." In a statement on Tuesday, he said the fund is a feeder fund and would invest at least 95 per cent of its net asset value in one of the sub-funds of the Schroder International Opportunities Portfolio, that is, the Schroder Asian Income denominated in Singapore dollars and managed by Schroder Investment Management (Singapore) Ltd. Introduced with an approved fund size of 400 million units, the fund is offered to the investing public at an initial price of RM0.50 (US$0.15) per unit. The initial offer period is from June 5-25 with an initial minimum investment amount of RM1,000 (US$313). The fund is also suitable for investors seeking investment opportunities in the Asian region. --BERNAMA