Kuala Lumpur, 14th July 2009 – HwangDBS Investment Management Berhad ("HwangDBS IM") announced their second fund size increase for its HwangDBS Fixed Maturity Income Fund I ("FMIF I" or "the Fund"). The fund size has been increased from the initial launch total of 100 million, to 150 million units (or RM 150 million) on 25th June 2009 and to 180 million units (or RM 180 million) subsequently.

Teng Chee Wai, Chief Executive Officer and Executive Director of HwangDBS IM, said, "Bonds have historically provided a higher total return and have generally been much less volatile than stocks. Hence, this increase in the fund size is timely as FMIF I is able to offer investors the golden opportunity as well as taking advantage of the progressing bond market. To date, the Fund, launched on 8 June 2009, has been approximately 85 percent subscribed. Hence, we are extremely pleased with the demand the FMIF I has gained in the local market."

Teng continued, "FMIF I serves as an investment facility for the investors to temporarily place their cash and meet their short to medium term investment objectives affordably. In response to the positive reception, we have written to inform the Securities Commission on 8th July 2009 that we will be increasing the fund size from 150 million to 180 million units to ensure more investors are able to capitalise on this attractive evergreen investment product."

HwangDBS IM believes that the current market conditions present an attractive bond investment option to the local investors.