http://www.fundsupermart.com/main/fundinfo/viewFund.svdo?sedolnumber=PPMIPM
Currently it is selling close to launch price of $1.
| Period | 1 yr high | 1 yr low | 3 yr high | 3 yr low | All time high | All time low | ||
| Price (SGD) | 1.02 | 0.96 | 1.02 | 0.7 | 1.05 | 0.7 |
From the pricing, there isn't much capital gain to be expected, and thus this fund is purely a dividend play. Dividend payout had been consistent at about 5%
A quick look at the bonds/investments that the fund is holding reveals that majority of them are rated BBB and lower.
At 5% dividend, I feel that the return does not commensurate with the risk. UOB preference shares give 5% dividend as well.
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