HwangDBS Investment Management in Malaysia is launching HwangDBS Structured Income Fund IV (Strif IV), a three-year, ringgit-denominated income fund aimed at qualified investors.
The fund is linked to a basket of eight bonds issued by sovereigns or corporations, expected to comprise France, Indonesia, Bank of China, Berkshire Hathaway, BMW, CapitaLand, Hutchison Whampoa and Tenaga Nasional.
"Strif IV is the fourth offering after the successful launch of three such funds in 2008 and 2009. Larger risk diversification coupled with regular returns have made a comeback and I believe this is the key reason for the success of this series of funds," said Teng Chee Wai, CEO of HwangDBS IM at the launch of the fund.
"Today's global fixed income market provides more opportunities than ever before, as non-US bonds comprise over half of the global marketplace and represent a wide range of fixed-income sectors. 2010 will be a bond picker's market, where gains are likely to be made from tactical moves into a variety of global bonds and currencies."
The minimum initial investment is MYR50,000 ($15,600) and the fund has an approved fund size of MYR100m ($31.2m).
This product is available now in Recent Additions (Malaysia).