KUALA LUMPUR, July 22 (Bernama) -- Eastspring Investments Berhad today announced the first income distribution for its Eastspring Investments Asian High Yield Bond MY Fund (“Fund”). The Fund is a wholesale feeder fund which aims to maximise income and capital appreciation by investing in the Eastspring Investments-Asian High Yield Bond Fund (“Target Fund”), which invests primarily^ in Asian high yield bonds.
 
The distribution rates for each currency class are as follows:
 

 
 
All unit holders who have maintained their unit holdings in the Fund as at 21 July 2016 will be entitled to the income distribution.
 
“The Target Fund is managed by Eastspring Investments (Singapore) Limited’s fixed income team with a proven track record, with this in mind we continuously aim to provide our investors with regular income,” said Mr. Raymond Tang, Chief Executive Officer of Eastspring Investments Berhad.
 

^primarily means at least 66% of the Target Fund's net asset value.
 
  
ABOUT EASTSPRING INVESTMENTS
 
Eastspring Investments is a leading asset manager in Asia that manages over US$131 billion assets (as at 31 December 2015) on behalf of institutional and retail clients. Operating in Asia since 1994 in 10 major markets plus offices in North America and Europe. Eastspring Investments is the Asian asset management business of Prudential plc, one of the world’s largest financial services companies.
 
ABOUT EASTSPRING INVESTMENTS BERHAD
 
Established in 2000 and based in Kuala Lumpur, Eastspring Investments Berhad is one of the leading asset management companies in Malaysia in both institutional and retail, with about RM32 billion in assets under management in the country as at 31 December 2015.  It manages unit trust funds, wholesale funds as well as private mandates.
 
Disclaimer: This document is prepared for information purposes only and may not be published, circulated, reproduced or distributed in whole or part, whether directly or indirectly, to any other person without the prior written consent of Eastspring Investments Berhad.
 
Investors are advised to read and understand the contents of the Eastspring Investments Asian High Yield Bond MY Fund (“Fund”) Replacement Information Memorandum dated 3 February 2016 (“Info Memo”) and the Fund’s Product Highlights Sheet (“PHS”) before investing. The Info Memo and PHS are available at offices of Eastspring Investments Berhad or its authorised distributors. Investors have the right to request for a copy of the Info Memo and PHS.
 
The Info Memo has been deposited with the Securities Commission Malaysia who takes no responsibility for its contents. Units will only be issued upon receipt of the application form. Past performance of the Fund is not an indication of the Fund’s future performance. Unit prices and distributions payable, if any, may go down as well as up. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Where a unit split is declared, investors are advised that the value of their investment in the respective currency class(es), i.e. Malaysian Ringgit, US Dollar and Australian Dollar will remain unchanged after the issue of the additional units.
 
Investments in the Fund is exposed to fund management of the Target Fund risk, country risk and currency risk. Investors are advised to consider these risks and other general risks as elaborated in the Info Memo as well as fees, charges and expenses involved before investing.
 
Eastspring Investments companies (excluding JV companies) are ultimately wholly-owned/indirect subsidiaries of Prudential plc of the United Kingdom. Eastspring Investments companies (including JV companies) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

Source : EASTSPRING INVESTMENTS BERHAD

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Judy Yap
Director, Brand and Communications
Tel :  03 - 2170 0290
Fax : 03 - 2170 0399
Email : judy.yap@eastspring.com

--BERNAMA