The fund gave a return of 4.62% against the prevailing one-year fixed deposit rate of 3.7% for the year ended June 30, AUT said in a statement.
AMF is a fixed income fund that has a unique asset allocation of a minimum 90% fixed income securities and maximum 10% equity.
The return on the two funds – 7.13% for MUTF and 4.7% for MITF – were calculated based on their average net asset values (NAVs) over the past 12 months, it added.
MUTB acting chief executive officer Shamsudin Bahari said the investment returns reflected prudent fund management in a very challenging market environment where trends of global interest rates were growing at a “measured pace,” and the Malaysian economy looked relatively steady moving forward. – Bernama
The fund gave a return of 4.62% against the prevailing one-year fixed deposit rate of 3.7% for the year ended June 30, AUT said in a statement.