AmInvest Named Malaysia’s Best Pension Fund Manager a Fourth Time and ETF Manager of the Year
L-R: Goh Wee Peng, Deputy Chief Executive Officer & Chief Investment Officer of AmInvest receiving both awards (Malaysia’s Best Pension Fund Manager and ETF Manager of the Year) from Tan Lee Hock, Publisher and Founder, Asia Asset Management at an award ceremony held in Hong Kong last night (30 March 2017)
AmInvest has continued its winning streak as Malaysia’s Best Pension Fund Manager for the fourth year running and this year also received top honours as Malaysia’s ETF Manager of the Year by Asia Asset Management in its 2016 Best of the Best Awards (“Awards”).1
Held annually for the past 13 years, the Awards recognises the most outstanding players in the funds management business in Asia. Asia Asset Management is a leading financial publication based in Hong Kong.
Under the Best Pension Fund Manager category, AmInvest was assessed over a three-year and five-year period on how it has managed its domestic pension mandates including Private Retirement Scheme (“PRS”) funds, the size of these mandates and returns against relevant benchmarks.
“Receiving two acknowledgements at the start of 2017 and our fourth consecutive win as Malaysia’s Best Pension Fund Manager is truly gratifying as we have been able to add value and grow our investors’ investments in spite of market volatility last year. It also underscores key attributes of our funds management expertise and capabilities built over more than 35 years and augurs well for us particularly at a time where investors are on the lookout for fund managers who can deliver consistent investment performance and help them unearth investment opportunities in all market conditions,” said Datin Maznah Mahbob, Chief Executive Officer of AmInvest.
AmInvest is an approved PRS Provider by Securities Commission Malaysia with ten AmPRS funds encompassing conventional and Shariah-compliant retirement solutions across asset classes. Commenting on the government’s provision for PRS in Budget 2017, Datin Maznah said that the increased one-off incentive of RM1,000 from RM500 for Malaysian individuals aged between 20 to 30 years who invest RM1,000 in PRS2 is truly welcomed as it will spur younger Malaysians to take their first step towards long-term retirement planning.
The Best ETF Manager, Malaysia award commended AmInvest on key achievements for a 12-month period3 as well as plans and efforts to promote Exchange Traded Funds (“ETFs”).
Datin Maznah added, “We pioneered Malaysia’s first bond and equity ETF in the market, ABF Malaysia Bond Index Fund (ABF Malaysia) in 20054 and FTSE Bursa Malaysia KLCI etf (FBM KLCI etf) in 20074 and are pleased that our offerings have been recognised as relevant to meet the evolving needs of our investors throughout the years. Today, AmInvest is the largest ETF Provider in the country4 with around RM1.5 billion in fund value.”
ABF Malaysia which remains the only bond ETF in the market as well as the largest in terms of fund size4 received overwhelming interest from investors last year which resulted in its approved fund size increasing three times from 1.0 billion units to 3.375 billion units.
ABF Malaysia effectively buys into a portfolio of mainly Malaysian government bonds. It tracks the performance of Markit iBoxx®ABF Malaysia Bond Index. FBM KLCI etf is designed to follow the performance of its benchmark index, FTSE Bursa Malaysia KLCI (“FBM KLCI”). FBM KLCI can be seen as representing the barometer of Malaysia’s top 30 largest companies in terms of market capitalisation. For both ETFs, investors can buy into a trading board lot size of 100 units which is listed on Bursa Malaysia.