KUALA LUMPUR, Dec 9 (Bernama) -- AmInvest has been honoured with two Private Retirement Schemes (“PRS”) awards by Private Pension Administrator Malaysia (“PPA”), namely the Top Achiever for PRS Assets Under Management (“AUM”) Growth and Top Achiever for PRS Member Growth as part of its Growing PRS Together 2019 – Recognising Excellence Awards (“Awards”).¹
 
“Our Awards recognise the efforts by eight PRS Providers in growing the PRS industry throughout 2019,” said Mr. Husaini Hussin, Chief Executive Officer of PPA.
 
PPA is the central administrator for PRS. PPA is a body approved by the Securities Commission Malaysia and established to administer and promote the growth of the PRS industry, as well as, protect PRS Members’ interest.
 
Under the PRS AUM Growth category, AmInvest was awarded for recording the highest AUM growth of around 38% among PRS Providers for the one-year period up to end December 2019. Within the PRS Member Growth category, AmInvest was the top achiever with a growth in members of about 16% over the course of the year.
 
Commenting on these awards, Ms. Goh Wee Peng, Chief Executive Officer of AmInvest, said, “It is an honour to receive these acknowledgements from PPA which recognise the effectiveness of our various initiatives in 2019 to drive greater awareness of PRS in the country. Our PRS fund offerings have been designed with long-term wealth creation in mind to help all Malaysians live their retirement dreams. AmInvest offers one of the most diverse range of retirement solutions in the market in terms of asset classes for Malaysian investors to choose from according to their respective retirement needs, goals and risk tolerance. We are also the only PRS Provider in the country to offer unique AmPRS non-core bond fund offerings, AmPRS-Tactical Bond and AmPRS-Dynamic^# Sukuk, the latter of which is a Shariah-compliant fund.”²
 
As at 30 November  2020, two AmInvest funds were ranked within the top five best performing PRS funds in the market over a one-year performance period.³ AmPRS-Islamic Equity achieved a one-year total return (a measure of the fund’s performance comprising income distribution and capital gains) of around 36%.³ AmPRS-Islamic Balanced registered a one-year total return of about 26%.³
 
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 investment strategy which is active management, not a buy-and-hold strategy.
 
¹ Growing PRS Together 2019 – Recognising Excellence Awards by Private Pension Administrator Malaysia (PPA), September 2020. 
² 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 30 November2020 for the following funds: AmPRS-Tactical Bond Class D (Bond Asia Pacific LC) and AmPRS–Dynamic^# Sukuk Class D (Bond MYR).
³ Based on data compiled by Lipper, Refinitiv under the Pension Funds category with a total of 57 funds (according to Lipper Global Classification) for the fund’s one-year total return as at 30 November 2020. Primary funds are to be used by default in performance statistics to prevent double counting and ranking anomalies. Performance is shown in Malaysian Ringgit on a Net Asset Value (NAV) price basis with income distribution reinvested. Performance figures are calculated net of all fees, charges and expenses, except entry charge and exit penalty (if any). Past performance is not indicative of future performance.   

 
Disclaimer: 
This advertisement material is prepared for information purposes only and may not be published, circulated, reproduced or distributed in whole or part, whether directly or indirectly, to any person without the prior written consent of AmFunds Management Berhad [198601005272 (154432-A)] (“AmInvest”). This advertisement material should not be construed as an offer or solicitation for the purchase or sale of any units in AmInvest’s Private Retirement Scheme(s) (“AmPRS”). Investors shall be solely responsible for using and relying on any contents in this advertisement material. AmInvest and its employees shall not be held liable to the investors for any damage, direct, indirect or consequential losses (including loss of profit), claims, actions, demands, liabilities suffered by the investors or proceedings and judgments brought or established against the investors, and costs, charges and expenses incurred by the investors or for any investment decision that the investors have made as a result of relying on the content or information in this advertisement material. Investors are advised to read and understand the contents of the Second Replacement Disclosure Document for AmPRS dated 7 October 2016, including any supplementary made thereof from time to time (“Disclosure Document(s)”) and its Product Highlights Sheet (“PHS”), obtainable at www.aminvest.com, before making an investment decision. The Disclosure Document(s) and PHS have been registered with the Securities Commission Malaysia, who takes no responsibility for its contents. The Securities Commission Malaysia has not reviewed this advertisement material. Investors may wish to seek advice from a professional advisor before making an investment. The fund’s units will only be issued upon receipt of the complete application form accompanying the Disclosure Document(s).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 investment in Malaysian Ringgit will remain unchanged after the distribution of the additional units. Please refer to the Disclosure Document(s) 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. While our Shariah-compliant fund(s) have been structured to conform to Shariah principles, investors should seek their own independent Shariah advice prior to investing in any of our Shariah-compliant fund(s).This advertisement 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 advertisement 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