OSK-UOB's new fund to give 5-6% returns
The OSK-UOB Emerging Markets Bond Fund has been launched, forecasted to give an annual return of at least five to six percent.
This forecast was based on the current positive environment in the emerging markets, according to OSK-UOB Investment Management CEO Ho Seng Yee said.
"Research shows emerging economies currently account for more than 50 percent of the global economy and are expected to grow at a much faster pace than their developed peers," he said.
With strong consumption levels and steady improvements in credit quality, emerging markets were expected to become mainstream with opportunities available where the company's new fund would be looking to capture, explained Ho.
"The fund is suitable for investors who seek income and potential appreciation over the longer term, who have medium-to-high risk appetite and who seek returns in emerging markets' debt investments and products," Ho said.
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Tags: emerging markets, bond fund, emerging economies, annual return
