AmInvest’s AmDynamic Bond bags Best Malaysia Bond Fund award

KUALA LUMPUR: AmDynamic Bond, an in-house managed fund by AmInvest, has been named ‘Best Malaysia Bond Fund’ at the Morningstar Malaysia Fund Awards 2017.

The annual awards is organised by Morningstar Asia Ltd, a subsidiary of Morningstar Inc, which is a leading provider of independent investment research, it said in a statement yesterday.

The awards are designed to help investors identify the retail funds that have added the most value for investors within the context of a relevant peer group in 2016 and over longer time periods.

“For a one-year period, as at December 2016, AmDynamic Bond registered a return of 4.6 per cent, beating its peers’ average return of 4.5 per cent,” it said.

Since 2006, it clocked a positive return of 93.0 per cent, outperforming its peers’ average return of about 50.1 per cent which translates to a return of around 6.8 per cent, annually, over the past 10 years.

Launched in 2003, this fixed income fund employed an active management investment strategy as opposed to a buy-and hold strategy.

The fund seeked to potentially optimise returns for investors based on, among others; interest rate expectations, currency movements and diversification opportunities through its exposure to both local, as well as, foreign bonds.

AmDynamic Bond is also a unit trust fund eligible under the Employees Provident Fund Members’ Investment Scheme (EPF MIS).

EPF MIS allows its members to transfer part of their savings from their Account 1 for investments through appointed fund management institutions as an option to enhance their retirement savings.