AmInvest bags Best-Selling Unit Trust 2023 Award from iFAST
AmInvest bagged the Best-Selling Unit Trust 2023 Award for its AmIncome at the iFAST Awards Night 2024. The award was conferred based on the total net sales of the unit trust funds through iFAST Capital in year 2023.
In a press statement, it said AmInvest is the brand name for the fund management business of AmFunds Management Bhd and AmIslamic Funds Management Sdn Bhd, both of which are wholly owned subsidiaries of AmInvestment Bank Bhd.
“This accolade highlights our success in providing topperforming unit trusts that meet the diverse investment needs of our clients. We believe our competitive advantage lies in our long-term and consistent performance, as well as our vast experience in managing funds,” said AmFunds Management Bhd chief executive officer Goh Wee Peng.
“We would like to extend our sincere appreciation to our clients for their trust and support, as well as to iFAST for this honour,” she added.
AmIncome is suitable for investors who want to invest the cash portion of their investment portfolio for the potential to reap regular income, to preserve capital and to invest excess cash in the short-term horizon (for a period of one year or less).
For the one-year period up to end of January 2024, the fund posted a one-year total return (a measure of the Fund’s performance comprising income distribution and capital gains) of 3.38 and 8.30 per cent over a three-year period.1
The iFAST Awards Night 2024 was organised by iFAST Capital Sdn Bhd, a part of iFAST Corporation Ltd (iFAST Corp), one of Asia’s largest listed wealth management fintech platform headquartered in Singapore. iFAST Corp provides a comprehensive range of investment solutions and services to financial advisory firms, financial institutions, banks, multinational companies, as well as retail and high net worth investors via its in-house IT system.
Its iFAST fintech solutions business division was established to capture the business opportunities and provide innovative fintech solutions to institutional clients.
In line with the evolving landscape of responsible business practices, AmInvest is committed to demonstrating its advocacy for Environmental, Social and Governance (ESG) and the fund house has been actively participating in ESG-related activities such as The Lost Food Project.
Notably, AmInvest was also recognised as the Best ESG Manager – Malaysia and the Best Application of ESG: Asean at the recent Asia Asset Management Best of the Best Awards 2024.