AmInvest Declares RM83.4 Million In Income Distribution

AmInvest has declared income distribution for 27 unit trusts, wholesale funds, and exchange-traded funds (ETF) from April 2022 to June 2022. The total net income distribution declared, encompassing conventional and Shariah-compliant funds across various asset classes, was approximately RM83.4 million.

Commenting on the distribution Goh Wee Peng, Chief Executive Officer of AmFunds Management Berhad said “We are immensely grateful to our investors for their trust and support throughout our forty years of managing funds. Our investment philosophy and strategies have proven to deliver long-term returns for investors.”

Amongst the funds involved, the income distribution declared for AmDividend Income, US-Canada Income and Growth and AmIncome Plus have translated to income distribution yields of 14.3%, 6.8% and 5.6% respectively.

FTSE Bursa Malaysia KLCI Exchange Traded Funds, Malaysia’s first equity ETF, has declared an income distribution yield of 3.6% for the year following an interim income distribution of 3 sen in the month of June 2022. FBM KLCI etf is designed to follow the performance of its benchmark index, FTSE Bursa Malaysia KLCI, which comprises Malaysia’s top 30 largest companies in terms of market capitalisation.

AmInvest dominates the market as the largest ETF provider in the country with assets under management of around RM1.6 billion.

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