OSK-UOB to increase Asian income fund size

OSK-UOB Investment Management is seeking approval to increase the fund size of the OSK-UOB Asian Income Fund by another 200 million units.

Its initial approved fund size of 400 million units, launched in June, has now been completely taken up on the back of steady and consistent subscription.

"Since the commencement date of June 26 to Aug 3, the fund showed a gain of 4.34 per cent in its net asset value per unit," its Chief Executive Officer Ho Seng Yee said in a statement today.

The fund is invested in Asian dividend paying stocks and Asian high yielding fixed income securities.

It has the flexibility of moving into other asset classes to take advantage of different phases of the economic cycle during volatile times.

For more.

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