AmInvest declared income distribution for 23 unit trust funds, wholesale funds, and exchange-traded funds from April 2023 to June 2023. The total net income distribution declared, encompassing conventional and Shariah-compliant funds across various asset classes, was approximately RM38.5 million.
AmInvest is the brand name for the fund management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn. Bhd.
Ms. Goh Wee Peng, Chief Executive Officer of AmFunds Management Berhad, said, “Despite the challenging market conditions, we are pleased to have been able to consistently deliver these income distributions to our valued investors. We believe success lies in our team’s expertise in effectively navigating and adapting to market fluctuations, while staying true to our investment strategies”.
The income distribution declared for AmConservative (the “Fund”) is 112.9% due to the release and distribution of monies in December 2022 and January 2023 for the Fund’s investments in bonds issued by Aldwich Berhad which was reflected in the
Fund’s Net Asset Value (“NAV”) for the reported yield performance period between June 2022 to June 2023.
Meanwhile, four funds recorded an income distribution yield of 3.0% and above, namely, ABF Malaysia Bond Index, AmIncome Institutional, AmIncome Institutional, and AmIncome Management with a yield of 3.6%, 3.3%, 3.0%, and 3.0% respectively.
