AmInvest Expands Fixed Income Range with New Regular Income Fund
AmInvest’s newly launched five-year close-ended fixed income fund, AmFlexi Maturity 2 (“Fund”) caters to the needs of investors seeking an investment that provides regular income and potentially higher returns than fixed deposits.
Commenting on the launch, Ms. Tracy Chen Wee Keng, Chief Executive Officer of AmInvestment Bank Berhad, said, “Market trends continue to indicate demand for fixed income solutions with steady income streams amid the prevailing market volatility and low interest rate environment. A well-diversified portfolio that includes fixed income investments as an asset class can be material in helping to minimise one’s overall portfolio risk. The new addition to AmInvest’s fixed income range offers retail investors these opportunities and provides easy access to unlock the potential value of investing in local and foreign fixed income instruments.”
The Fund aims to provide yearly income distribution. On top of this yearly proceeds, one of its key features is that it potentially provides capital repayment that will be apportioned based on a fixed ratio at the end of its third, fourth and fifth year. Furthermore, as the Fund is embedded with a unique early termination feature investors can look forward to the possibility of the Fund terminating earlier than its five-year term, at the fund manager’s discretion, if it achieves a total return (inclusive of prior income distributions, if any) of at least 13.0% within the second year, 19.5% within the third year or 26.0% within the fourth year. The Fund will employ an active management investment strategy to maximise returns based on investment opportunities throughout its five-year tenor.
Ms. Goh Wee Peng, Chief Executive of AmInvest, said, “AmInvest has built its in-house fixed income investment expertise and capabilities over the past 40 years. Our investment philosophy relies on stringent credit processes and robust credit evaluation by our proprietary credit research unit. It is through this investment process coupled with an award-winning fixed income team in place, I am confident that the team will seek out the best investment opportunities to optimise returns for the Fund within acceptable risk boundaries in an ever-changing market environment.”
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. AmInvest also scooped the award as Best Domestic Fixed Income Fund Manager 2020 at the Employees Provident Fund (“EPF”) 2021 External Fund Managers Awards6 and the Best Bond Manager (2 consecutive years) for Malaysia award at Asia Asset Management’s Best of the Best Awards 2022.
The Fund’s base currency is Ringgit Malaysia (“RM”). With a minimum and additional investment of RM5,000 respectively, investors can subscribe to the Fund at an offer price of RM1.0000 per unit during the offer period until 7 April 2022.
AmInvest is the brand name for the fund management business of AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd. For more details on the Fund’s features and risks, please refer to the AmInvest’s Prospectus for AmFlexi Maturity 2 dated 22 February 2022 via www.aminvest.com.