AMINVEST ACCORDED THE BEST DOMESTIC FIXED INCOME FUND MANAGER 2020 BY THE EMPLOYEES PROVIDENT FUND

KUALA LUMPUR, Dec 1 (Bernama) -- AmInvest has been honoured as the Best Domestic Fixed Income Fund Manager 2020 (“Award”) by the Employees Provident Fund (“EPF”) for the 2021 External Fund Managers Awards for its stellar performance in managing the EPF’s domestic fixed income mandate last

year.¹

Commenting on the win, Ms. Goh Wee Peng, Chief Executive of AmInvest, said, “Our investment team’s ability to apply the appropriate investment strategies to respond quickly has cushioned the impact to the investment portfolio and enabled us to successfully navigate through the volatile market conditions last year. We are honoured to be recognised by the EPF as the top performing external portfolio fixed income manager for domestic mandate which is an affirmation to our investment expertise and acknowledging our capabilities built over the past 40 years.”

Mr. Wong Yew Joe, Chief Investment Officer, AmFunds Management Berhad (AmInvest), added, “Last year, we adopted dynamic asset allocation investment strategies which provided the flexibility to switch between aggressive and defensive stances to capitalise on market conditions. We continue to be consistent in our approach to be selective on credit exposure leveraging on our robust credit evaluation, while employing active tactical trading strategies based on prevailing market valuations and outlook. We will seek out bonds that will benefit from economic recovery on the back of easing movement restrictions.”

AmInvest manages assets worth around RM49 billion (as at October 2021) comprising both conventional and Shariah-compliant investment solutions, both foreign and local investments across asset classes. Around 86% of its total assets under management comprised fixed income investments.

Throughout the years, AmInvest has received various awards for its expertise in managing fixed income investments, including this year’s Best Bond Fund Family Group Over Three Years for the second year at the Refinitiv Lipper Fund Awards Malaysia 2021.² AmInvest also scooped the Best Asset Manager (Fixed Income), Malaysia award for the second consecutive year at the Alpha Southeast Asia 12th Annual Fund Management Awards 2021³ and Best Bond Manager for Malaysia award at Asia Asset Management’s Best of the Best Awards 2021.⁴

At the Refinitiv Lipper Fund Malaysia Awards 2021, AmInvest’s AmDynamic# Bond fund clinched two awards, namely the Best Bond MYR Fund Over Three Years and Best Bond MYR Fund Over Five Years, for the second year running.² This award-winning fund is also a unit trust fund eligible under the EPF Member’s Investment Scheme (“EPF MIS”).⁵ EPF MIS allows EPF members to transfer a portion of their savings from their Account 1 for investments through appointed fund management institutions as an option to enhance their retirement savings.⁵

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.

Notes and Sources:

#The word “Dynamic” in the context refers to the fund’s investment strategy which is active management, not buy-and-hold strategy.

¹Employees Provident Fund (“EPF”) External Fund Managers deliver good performance despite challenging conditions in 2020, 8 October 2021.

²Refinitiv Lipper Fund Awards Malaysia 2021, March 2021.

³Alpha Southeast Asia 12th Annual Fund Management Awards 2021, June 2021.

⁴Asia Asset Management Best of the Best Awards 2021, January 2021.

⁵EPF accessible via www.kwsp.gov.my/member/investment

Source: AmBank Group

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