Eastspring Investments, the Asian investment arm of Prudential plc, and Kasikorn Asset Management, will co-manage a new Asia fixed income fund in Thailand. The IPO period for the fund is from March 21 – March 27 2017.

The new fund, the Asia Fixed Income Fund, seeks to benefit from the attractive yield of Asian bonds, robust economic fundamentals and favourable currency outlook of key Asian countries. The fund aims to achieve a target return between 3 and 4% per annum (in THB terms) to investors through an actively managed investment approach. The fund has a policy to pay dividends no more than twice a year.

“Focusing on investments in high-quality investment-grade Asian bonds, rather than only domestic bonds, the fund should yield attractive returns for investors,” says Vasin Vanichvoranun, executive chairman, Kasikorn Asset Management.