BEA Union Investment Management, the portfolio management arm of Hong Kong's Bank of East Asia, has launched a new fund that focuses on high-yield investment products in Asia-Pacific.

BEA Union Investment Asia-Pacific Multi Income Fund aims to take advantage of the attractive yields in Asia as the region becomes the "go-to" location for investments. The APM Fund will deal with high-yield bonds, real estate investment trusts and high-dividend stocks. 

The resilience of Asian economies was highlighted during the 2008 economic crisis. With the current European debt problem, the very low exposure of Asian countries to the West has made it extra attractive to various types of investments. In the period of June 2004 to February 2012, all target asset classes of the APM Fund had also recorded steady returns, even while the US posted erratic interest rate cycles, the firm said.

The IPO period for the new BEA Union fund began 18 April and will close 11 May. It requires a minimum investment of HK$10,000 or $2,000.