Eastspring Investments MIP M

[Dividend Warrior]

Hi,
Any buddies into above investment? Can share your views? TQ!
It's fixed income, mthly distribution of 0.4 cts per unit (for 11 mths), 0.6 cts (for the 12th mth).
The funds are invested into US High Yield bonds and Asian Bonds, sub fund invest into Asia pacific investments (including real estate investment trust, dividend yielding equities.
Launch date: Y2005. Fund size : S$1,099.40 mil.

If price falls below $1, could it be better than FD interest?

I was actually thinking about this fund just last week! No action taken yet.

My intention is to put an initial amount of $30k, and using RSP with Fumdsupermart to invest $100 mthly. (They don't have sales charge for RSP).

Basically the investment will be self funded until the day I decide to stop the RSP then start using the monthly income for my own purpose.

Sounds like a good idea.