KUALA LUMPUR: HwangDBS Investment Management Bhd has declared income distributions for two of its conventional funds.
An interim gross income distribution of RM0.005 was declared for the HwangDBS Select Income Fund (SIF) for the financial period ending June 30, 2010.
For the HwangDBS Select Balanced Fund (SBaIF), the company declared a final gross income distribution of RM0.05 for the financial period ending June 30, 2010.
HwangDBS chief executive officer and executive director Teng Chee Wai said the investing climate had been challenging but both SIF and SBaIF were able to meet their respective objective and expectations of investors who invested in the funds over the mid- to long-term.
In a statement on Tuesday, June 29, he said that SIF performed well due to a combination of factors like the fund's exposure to Asian equities and defensive active asset allocation over the 2008 to 2009 period of volatility.
As for SBaIF, Teng said the fund continued to maintain its track record of no defaults in any of its underlying investments since inception.
"Its resilience can be attributed to the outperformance of Malaysian equities compared to their broader Asian peers in April 2010," he said.
However, Teng said that market sentiment remained relatively fragile and expectations are that volatility may pick up over the next quarter.
As such, he said, HwangDBS will look to invest in dips on selective sectors and maintain a focus on credit quality to enhance the yield and returns of the portfolios. ' Bernama
An interim gross income distribution of RM0.005 was declared for the HwangDBS Select Income Fund (SIF) for the financial period ending June 30, 2010.
For the HwangDBS Select Balanced Fund (SBaIF), the company declared a final gross income distribution of RM0.05 for the financial period ending June 30, 2010.
HwangDBS chief executive officer and executive director Teng Chee Wai said the investing climate had been challenging but both SIF and SBaIF were able to meet their respective objective and expectations of investors who invested in the funds over the mid- to long-term.
In a statement on Tuesday, June 29, he said that SIF performed well due to a combination of factors like the fund's exposure to Asian equities and defensive active asset allocation over the 2008 to 2009 period of volatility.
As for SBaIF, Teng said the fund continued to maintain its track record of no defaults in any of its underlying investments since inception.
"Its resilience can be attributed to the outperformance of Malaysian equities compared to their broader Asian peers in April 2010," he said.
However, Teng said that market sentiment remained relatively fragile and expectations are that volatility may pick up over the next quarter.
As such, he said, HwangDBS will look to invest in dips on selective sectors and maintain a focus on credit quality to enhance the yield and returns of the portfolios. ' Bernama
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