Affin Hwang declares income distributions of RM106.65mil for 20 funds - Business News | The Star Online

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Affin Hwang declares income distributions of RM106.65mil for 20 funds


KUALA LUMPUR: Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared a total of RM106.65mil 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. - Bernama
 

Affin Hwang

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