The fund is available in Philippine pesos, making it easier for domestic investors to invest in the product.
![](https://s34456.pcdn.co/wp-content/uploads/2019/01/GettyImages-904288674-640x360.jpg.optimal.jpg)
The fund is available in Philippine pesos, making it easier for domestic investors to invest in the product.
The fund aims to distribute income on a bi-monthly basis, targeting 4-4.5% per annum.
The number of ETFs listed in Malaysia has grown to nearly 20 from just 11 since the country’s regulator revised ETF rules in 2018.
The platform will make use of mutual funds managed by local firm PNB.
One of them is a fixed income product that invests in US dollar-denominated bonds globally.
Similarly, Kuala Lumpur-based BIMB IM also launched its own robo-advisory platform last month.
They include products managed by Jupiter Asset Management, Blackrock and Principal Asset Management.
BIMB IM started to manage ESG portfolios when it partnered with a UK firm in 2015.
RHB AM expects that it will be able to attract RM 100m ($23.7m) for its US-focused income fund in the next couple of months.
JP Morgan’s Income Fund has become popular among Malaysian and Thailand investors.
Part of the Mark Allen Group.