RHB declares funds' RM3.15m gross dividend
RHB Investment Management Sdn Bhd (RHBIM) has declared gross income distribution of RM3,150,707 for RHB Mudharabah and RHB GoldenLife Funds for the financial year ended February 28, 2013.
In a statement, it said RHB Mudharabah Fund declared a gross distribution of 3.50 sen per unit or a gross distribution yield of 4.0599 per cent based on its average net asset value (NAV) per unit from March 1, 2012 to December 31, 2012.
At the same time, RHB GoldenLife Today paid out a gross distribution of 3.20 sen per unit, RHB GoldenLife 2020 declared a gross distribution of 5.00 sen per unit while RHB GoldenLife 2030 paid out a gross distribution of 5.50 sen a unit.
The funds' gross distribution yield is 5.1175 per cent, 6.5496 per cent and 6.3320 per cent, respectively, based on their average NAV per unit for the same period.
RHB Mudharabah Fund's objective is to provide investors with a balanced mix of income and potential capital growth by investing in stocks listed on Bursa Malaysia or any other stock exchanges, unlisted stocks and Islamic debt securities and other non-interest bearing assets acceptable under the Shariah
RHB GoldenLife Funds are target maturity funds, making them suitable for investors with a specific investment timeline such as investing for their retirement.
RHBIM is a wholly-owned subsidiary of RHB Investment Bank, under the corporate and investment banking arm of the RHB Banking Group, and currently has a stable of 23 retail funds.-- Bernama