KUALA LUMPUR: Eastspring Investments Bhd has declared a 13.3 sen (US dollar class) and 15.8 sen (Australia dollar) gross income distribution for Eastspring Investments Asian High Yield Bond MY Fund (Fund).
In a statement today, Eastspring said credit spreads of Asian high-yield bonds have seen significant tightening over the past year, rendering valuations less attractive and nonetheless, credit spreads remain higher than the extreme lows observed before the global financial crisis.
The current credit spreads are reflective of the more benign credit market conditions. Asian high-yield bond issuers are operating in an improving economic environment.
“The turnaround in global growth is expected to help to boost corporate earnings; this is in turn positive for credit fundamentals and is evident in the recent stabilising trend for rating actions,” it added. — Bernama