Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Affin Hwang AM Declares Income Distributions Of RM106.65 Mln For 20 Funds
Last update: 23/06/2017

KUALA LUMPUR, June 23 (Bernama) -- Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared a total of RM106.65 million in distributions for 20 funds.

The income distributions were distributed across the company's close-ended fund, selected series funds, shariah-compliant funds, World Series funds as well as bond/fixed income funds, it said in a statement today.

Chief Marketing/Distribution Officer, Chan Ai Mei, said Affin Hwang AM was delighted to continue to uphold its pledge in delivering positive and absolute return performance to investors.

"One of our flagship funds, Affin Hwang Select Opportunity Fund (SOF), was awarded the 'Malaysia Equity (Ringgit), One-Year Return' by Institutional Investor 2016 Asia Investment Management Award in January and the 'Best Malaysia Large-Cap Equity Fund' by Morningstar Awards 2017 in March," said Chan.

Chan said these recognitions were further testament of SOF's performance and resilience.

"SOF has delivered an annualised return of 14.92 per cent since its inception in 2001, which means, an investor who invested RM100,000 in SOF since 2001, would be sitting on over RM800,000 today," Chan added.

Today, 17 of Affin Hwang AM's funds are approved under the Employees Provident Fund's Members Investment Scheme (EPF-MIS).

Unit holders invested in SBalF, SDF, SOF, SAPRIF, AGF, AIPF, ASIF and/or AHBF through EPF-MIS are also eligible for the income distribution, it said.



Islamic Banks eyes bigger trade financing mart share
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Islamic finance must be proactive to reduce poverty, inequality - Sultan Nazrin

CIMB targets RM200 mln in non-life insurance premiums this year
AAGI, MAB launch AXA SmartAid for the Visually Impaired

Credit ratings of Energas Insurance, stable - A.M. Best

US 3.9070/9100
S'pore 2.9500/9529
100 Yen 3.5824/5868
Sterling 5.4612/4674
Euro 4.7751/7792
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution