Eastern Holdings invests S$10m in Schroder Fund
It plans to generate more income and capital growth.
Eastern Holdings announced that it has placed an order with Credit Suisse on 21 March 2013 to invest S$9,992,000 in the Schroder Asian Asset Income Fund based on Net Asset Value as at 26 March 2013 and with a settlement date on 26 March 2013.
The investment objective of the Schroder Asian Asset Income Fund is to provide income and capital growth over the medium to longer term by investing primarily in Asian equities and Asian fixed income securities.