KUALA LUMPUR, April 15 (Bernama) -- AmInvest has been awarded a second consecutive win as Malaysia’s Best Pension Fund Manager by Asia Asset Management at its 2020 Best of the Best Awards (“Awards”).¹ The Awards recognise the most outstanding players in the funds management business in Asia.²
 
Asia Asset Management had assessed AmInvest over three-year and five-year periods on how it has managed its domestic pension mandates and its Private Retirement Scheme (“AmPRS”) funds, the size of these mandates and returns against relevant benchmarks, as well as investor education initiatives undertaken.²
 
Commenting on the win, Dato' Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group, said, “We have been managing funds for 39 years now, and our team’s ability to identify investment opportunities in an ever-changing market environment has been key in helping our investors to grow their retirement portfolios.”
 
AmInvest’s pension business has been on an upward trend throughout the years. Over the last five years as at December 2019, AmInvest’s pension mandates and AmPRS funds’ assets under management has grown by 28% or around MYR3.1 billion.
 
“We offer one of the most diverse range of retirement solutions in the market in terms of asset classes comprising 9 AmPRS funds³ for Malaysian investors to choose from according to their respective retirement needs, goals and risk tolerance. We are also the only Private Retirement Scheme provider in the country to offer unique AmPRS non-core fund offerings, namely two bond funds, AmPRS-Tactical Bond and AmPRS-Dynamic^# Sukuk which is a Shariah-compliant fund,⁴” Mr. Seohan Soo, Chief Executive Officer of AmInvestment Bank Berhad added.
 
Throughout the years, AmInvest has received various awards for its expertise as well as capabilities in managing pension funds.
 
Asia Asset Management is a publication based in Hong Kong which provides news on the Asian asset management industry.²
 
About AmInvest
AmInvest is the brand name for the funds management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd, both of which are wholly-owned subsidiaries of AmInvestment Bank Berhad. We are a multiple award-winning fund manager based in Malaysia with 39 years of investing experience managing unit trust funds, wholesale funds, institutional mandates, Exchange Traded Funds (ETF) and Private Retirement Scheme (PRS); encompassing both conventional and Shariah-compliant funds.
 
Sources & Notes:
#The word “Dynamic” refers to the Target Fund’s (AmDynamic^# Sukuk) investment strategy which is active management, not a buy-and-hold strategy.
 
¹ Asia Asset Management Best of the Best Awards 2019 and 2020, January 2020.
² Asia Asset Management, March 2020.

³ Based on data compiled by Lipper, Refinitiv on the list of PRS funds in Malaysia as at 31 January 2020.
⁴ Based on data compiled by Lipper, Refinitiv under the Pension Funds category with a total of 57 funds (according to Lipper Global Classification) as at 31 January 2020 for the following funds: AmPRS-Tactical Bond Class D (Bond Asia Pacific LC) and AmPRS–Dynamic^# Sukuk Class D (Bond MYR).
 

Disclaimer: 
This material has been prepared by AmFunds Management Berhad (“AmInvest”) [company registration number: 198601005272 (154432-A)] for information purposes only. It should not be construed as an offer or solicitation for the purchase or sale of any units in AmInvest’s Private Retirement Scheme (PRS). Investors shall be solely responsible for using and relying on any contents in this material. Investors are advised to read and understand the contents of Second Replacement Disclosure Document dated 7 October 2016 including any supplementary made thereof from time to time (“Disclosure Documents”) and its Product Highlights Sheet(s) (“PHS”) before making a contributing  decision. The Disclosure Documents and PHS have been registered with the Securities Commission Malaysia, which takes no responsibility for its contents. Investors can obtain a copy of the Disclosure Documents and PHS at www.aminvest.com. The fund’s units will only be issued upon receipt of the complete application form accompanying the Disclosure Documents. Past performance of the fund is not an indication of its future performance. The fund’s unit prices and income distribution payable, if any, may rise or fall. Where a unit split/distribution is declared, investors are advised that following the issue of additional units/distribution, the Net Asset Value (“NAV”) per unit will be reduced from pre-unit split NAV/cum-distribution NAV to post-unit split NAV/ex-distribution NAV. Please be advised that where a unit split is declared, the value of investor’s contribution in Malaysian Ringgit will remain unchanged after the distribution of the additional units. Please refer to the Disclosure Documents for detailed information on the specific risks of the fund(s). Investors are advised to consider these risks and other general risk elaborated, as well as the fees, charges and expenses involved before contributing. While our Shariah-compliant fund(s) have been structured to conform to Shariah principles, investors should seek their own independent Shariah advice prior to contributing in any of our Shariah-compliant fund(s).This material may be translated into languages other than English.  In the event of any dispute or ambiguity arising out of such translated versions of this material, the English version shall prevail. AmInvest’s Privacy Notice can be accessed via aminvest.com.

Source: AmBank Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Nancy Chow
Senior Vice President
Corporate Communications & Marketing
AmInvest
Tel: 03-2036 1881
Email: nancy-chow@ambankgroup.com

--BERNAMA