Affin Hwang AM declares RM106.7m distributions for 20 funds

KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared RM106.65 million in total distributions for 20 funds.

The income distributions were distributed across the company’s close-ended fund, selected series funds, syariah-compliant funds, world series funds, as well as bond/fixed income funds, said Affin Hwang AM in a statement yesterday.

Chief marketing and distribution officer Chan Ai Mei said Affin Hwang AM was delighted to continue to uphold its pledge in delivering positive and absolute return performance to investors.

“One of our flagship funds, Affin Hwang Select Opportunity Fund (SOF), was awarded the ‘Malaysia Equity (Ringgit), OneYear Return’ by Institutional Investor 2016 Asia Investment Management Award in January and the ‘Best Malaysia Large-Cap Equity Fund’ by Morningstar Awards 2017 in March,” she said.

Chan said these recognitions were further testament of SOF’s performance and resilience.

“SOF has delivered an annualised return of 14.92 per cent since its inception in 2001, which means an investor, who invested RM100,000 in SOF since 2001, would be sitting on more than RM800,000 today,” she added.

Today, 17 of Affin Hwang AM’s funds are approved under the Employees Provident Fund’s Members Investment Scheme (EPF-MIS).

Unitholders invested in SBalF, SDF, SOF, SAPRIF, AGF, AIPF, ASIF and/or AHBF through EPFMIS were also eligible for the income distribution, it said. Bernama