RHB Investment Management's bond funds grow
RHB Investment Management Sdn Bhd (RHBIM) has chartered remarkable performances for two of its funds, the RHB Bond Fund and the RHB Islamic Bond Fund.
Since its inception in October 1997, the RHB Bond Fund has recorded an impressive 91.43 percent growth. Meanwhile the RHB Islamic Bond Fund saw a growth of 64.39% since its August 2000 launch.
This is the second time this year that RHBIM declared an income distribution for the RHB Islamic Bond Fund, the first being in May 2009 with an income distribution of 2.50 sen per unit. For this round, RHBIM declared a gross distribution of 3.00 sen per unit (or 2.7412 percent yield) for the RHB Islamic Bond Fund, and 5.00 sen per unit (or 5.2960 percent yield) for the RHB Bond Fund on 30 September, 2009.
This is the first income distribution declared in 2009 for the RHB Bond Fund.
The RHB Islamic Bond Fund is also the winner of the 2008 Failaka Islamic Fund Award for the Best Malaysian Islamic Bond Fund (one-year) Category in March 2009.
The RHB Bond Fund and the RHB Islamic Bond Fund are part of RHBIM’s belt of Evergreen Funds.
The RHB Bond Fund aims to provide investors with higher than average income returns compared to fixed deposits over the medium- to long-term through investments in bonds and other fixed income securities with minimum risk to the invested capital.
The objective of the RHB Islamic Bond Fund is to provide regular income to investors through investments in Islamic debt securities and bonds which are acceptable under the Shariah principles.
RHBIM is a wholly-owned subsidiary of RHB Investment Bank, under the Corporate and Investment Banking arm of the RHB Banking Group, and currently has a stable of 25 retail funds.
