KUALA LUMPUR, June 16 (Bernama) -- AmInvest has unveiled its latest sukuk offering, AmIncome Sofwah (“Fund”), which aims to provide regular income via yearly income distribution.¹ It invests principally in both local sukuk and Islamic money market instruments. AmInvest is the fund management brand under AmInvestment Bank.
 
Mr. Kevin Wong Weng Tuck, Principal Officer and Chief Investment Officer of AmIslamic Funds Management Sdn. Bhd., said, “After four successive cuts in 2020, the Overnight Policy Rate is at an all-time low of 1.75%. Interest rates are expected to remain low given the downside risks on Malaysian gross domestic product growth emanating from strict measures to contain the Covid-19 pandemic. The Fund provides an opportunity to potentially reap higher Shariah-compliant returns compared to a general investment account-i over the medium to long term.”
 
Ms. Goh Wee Peng, Chief Executive of AmInvest, added, “Against the backdrop of the prevailing low interest rate environment, the Fund is suitable for retail and institutional investors seeking higher yields. We will rely on our stringent Shariah-compliant investment process coupled with superior credit selection for the Fund’s sukuk portfolio by our in-house proprietary credit research unit to optimise returns for the Fund within acceptable risk boundaries.”  
 
The Fund will be managed by AmInvest which has a solid track record of 40 years of investing experience. Most recently, AmInvest was named as the Best Bond Fund Family Group Over Three Years for the second year at the Refinitiv Lipper Fund Awards Malaysia 2021.² This fund performance award was accorded for delivering consistently strong risk-adjusted performance relative to peers for the year ended 31 December 2020.² AmInvest was also the recipient of the Best Investment Management Company, Malaysia award at the World Finance Investment Management Awards 2020, which recognises excellence in performance, service, leadership, consistency, targets and objectives.³
 
The Fund is offered for subscription at an initial offer price of RM1 per unit until 6 July 2021. For more details on the Fund’s features and risks, please refer to the AmInvest Prospectus for AmIncome Sofwah dated 16 June 2021 via www.aminvest.com.
 
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 40 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 and Notes:
¹  Subject to availability of income, distribution will be paid out at least once a year. The income can be in the form of cash (by telegraphic transfer) or additional units (by reinvestment into units of the Fund).
² Refinitiv Lipper Fund Awards Malaysia 2021, March 2021.
³ World Finance Investment Management Awards, January 2021.
 

 
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)] and AmIslamic Funds Management Sdn Bhd [200801029135 (830464-T)] (“AmInvest”). This advertisement material should not be construed as an offer or solicitation for the purchase or sale of any units in AmInvest’s unit trust fund. 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 Prospectus for AmIncome Sofwah dated 16 June 2021, including any supplementary made thereof from time to time (“Prospectus(es)”) and its Product Highlights Sheet (“PHS”), obtainable at  www.aminvest.com, before making an investment  decision. The Prospectus(es) 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 Prospectus(es). 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. Investments in the Fund are exposed to rate of return risk, income distribution risk, liquidity risk, counterparty credit risk, credit and default risk and Shariah non-compliance risk. 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. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.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