KUALA LUMPUR , April 27 (Bernama) -- Eastspring Investments Bhd has announced a gross income distribution of 0.0592 sen per unit or a dividend yield of 5.75 per cent for the Eastspring Investments Target Income Fund 5, for the financial year-ended Dec 31, 2016.
All unit holders who have maintained their holdings in the fund as at April 26, 2017, will be entitled for the income distribution, the asset management company said in a statement today.
The five-year closed-ended bond fund is the fifth in a series of target income funds.
Meanwhile, heightened geopolitical tensions in the Middle East and the Korean Peninsula, as well as dwindling optimism on a tax reform and deregulation prospects in the US, have somewhat dampened risk appetite.
However, Eastspring said it held to the view that Asian investment grade credits looked attractive from a total return perspective following some spread widening lately.
-- BERNAMA
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