RM100mil targeted for RHB fund

KUALA LUMPUR: RHB Group Asset Management (RHBAM) targets a subscription exceeding RM100mil within two months for the RHB American Income Fund.

RHBAM teamed up with AllianceBernstein (Luxembourg) to launch the fund, which targets to achieve an attractive return on investment over the long term by investing in one target fund, the American Income Portfolio (AIP).

It said AIP is an award winning fund ranked No. 1 for three-, five – and 10-year periods in the bond US$ category. — Bernama

Source: TheStar