Affin Hwang AM declares income distribution for 24 funds worth RM203 mln

KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared RM203.07 million as distribution for 24 funds, across the company’s retail and wholesale funds.

Among the funds are retail shariah-compliant funds, consisting of the Affin Hwang Aiiman Select Income Fund for which the distribution rate is RM0.015 per unit and the Affin Hwang Aiiman Income Plus Fund at RM0.0077 per Unit.

Chief marketing and distribution officer Chan Ai Mei said the company was delighted to continue upholding its commitment to deliver an absolute return performance to investors, irrespective of market conditions.

“With this latest round of income distribution, our total payout for 2017 amounts to RM402.10 million, which reaffirms our commitment to deliver an outstanding performance, despite volatility seen in markets,” she said in a statement.

On outlook for 2018, Ai Mei said against a backdrop of synchronised economic expansion, Affin Hwang AM expect a continuation of developments, with growth now seen broadening-out across countries and sectors, although gradual pullbacks in liquidity are expected due to monetary policy tightening.

“Investors should remain diversified across different sectors, geographies, currencies and asset-classes in building a resilient portfolio to weather these developments in 2018, where constant change and market flux will continue to envelop markets,” she added.— Bernama