Byline: Adeline Paul Raj
SHORT-term bond funds are expected to be a hit with investors looking for higher returns amid the current low interest rate environment, says AmInvestment Group Bhd.
The investment bank, which yesterday launched a two-year RM200 million bond fund, said such funds can potentially pay higher annual returns than the current fixed-deposit (FD) rates of between 2.5 per cent and 3 per cent offered by banks.
Its new product, AmConstant 11/11, the bank's fifth bond fund under the AmConstant series, aims to beat FD rates, said Datin Maznah Mahbob, chief executive officer of the bank's funds management division.
She pointed out that …