Eastspring Investments announces income distribution for three Islamic funds

Asset manager Eastspring Investments, a Prudential subsidiary, has announced the income distribution for three of its existing shari'ah-compliant unit trust funds, the Eastspring Investments Dana al-Ilham, Eastspring Investments Dana al-Islah and Eastspring Investments Dana Wafi (collectively referred to as “funds”). All three ended the financial year on 31 March.

• Eastspring Investments Dana al-Ilham has a gross distribution of RM0.0357 per unit, corresponding to a dividend yield of 5% as of 15 February 2017; 
• Eastspring Investments Dana al-Islah has a gross distribution of RM0.0292 per unit, corresponding to a dividend yield of 4% as of 15 February 2017; 
• Eastspring Investments Dana Wafi has a gross distribution of RM0.0230 per unit, corresponding to a dividend yield of 4% as of 15 February 2017.

All unit holders who have maintained their unit holdings in the Funds as of 23 March 2017 are entitled to the income distribution.

“We are seeing more buying opportunities for both equities and bonds as compared to a year ago. Our appetite for equities has increased but as always, with our bottom-up approach, we continue to be on the look-out for attractively valued stocks with good long-term growth potential.” says Rudie Chan, Chief Investment Officer, Eastspring Investments.