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Bank of Singapore raises US$1.5 billion for high income fund targeting “lesser-owned” income generators

Bank of Singapore’s clients invested approximately US$1.5 billion into a high income fund with a focus on less mainstream income-generating assets, signifying ongoing diversification amidst rising yields and rates. According to sources, the OCBC group, which offers private banking services under Bank of Singapore, raised a total of US$1.6 billion for BlackRock’s ‘Dynamic High Income Fund’. Over 90% of the…

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