KUALA LUMPUR: AmInvest has declared income distribution of about RM30mil for 18 unit trust funds from September to November 2018, encompassing conventional and Shariah-compliant offerings across various asset classes.
In a statement, AmInvest said one of these funds was AmIncome Reward, an in-house managed fixed income fund launched in 2006. The fund declared an annual income distribution of 3.5 sen per unit in September 2018. This represents an income distribution yield of around 3.7%, which was computed based on the fund’s net asset value of 95.47 sen per unit as at Nov 30, 2017,
AmInvest said the fund has generated a one-year total return of around 5.3%, beating its 52 peers’ average total return of about 4.1%. In terms of consistency of fund performance, it was in the top quartile under the Bond MYR Non Islamic (Lipper Global Classification) category over the one-year period.
“Last year, given the volatile market conditions, we applied a defensive investment strategy to help cushion the impact to investors’ portfolios during market downtrends,” AmInvest CEO Goh Wee Peng.
On market outlook, Goh said: “We foresee possible market volatility over the year and with this, our investment stance for our local and global portfolios remains defensive. We would advise investors to focus on defensive strategies that emphasise on diversification and downside risk management.”
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