AmInvest Named Malaysia’s ETF Manager of the Year for the Second Time and Islamic Institutional House of the Year
(From L - R): Goh Wee Peng, Acting Chief Executive Officer of AmInvest receiving both awards from Tan Lee Hock, Founder and Publisher, Asia Asset Management at an award ceremony held in Hong Kong on 23 March 2018.
For the second year in succession, AmInvest has been named Malaysia’s Exchange Traded Funds (“ETF”) Manager of the Year. Additionally this year, AmInvest’s Shariah-compliant business received top honours as Malaysia’s Islamic Institutional House of the Year. Both recognitions were awarded by Asia Asset Management in its 2018 Best of the Best Awards (“Awards”)1 held in Hong Kong on 23 March 2018.
The Awards, held annually for the past 14 years recognises the most outstanding players in the pensions and funds management business in Asia. Asia Asset Management which is a publication based in Hong Kong, has been providing comprehensive news coverage and in-depth analysis of the Asian asset management industry for the past 23 years.1
Commenting on the awards, Acting Chief Executive Officer of AmInvest, Goh Wee Peng said, "We are honoured and very delighted to be recognised again this year for our expertise in managing ETFs as well as mandates and funds for our Islamic institutional business segments. The team has worked very hard for this track record and looking ahead, we remain focused on continuously growing our investors' investments by not only delivering consistent investment performance, but at the same time providing investment solutions that can capitalise on opportunities in a changing world."
The Best ETF Manager, Malaysia award recognised AmInvest's key achievements over the last year under review, on among others, plans and efforts to promote the usage of ETFs.
AmInvest pioneered Malaysia’s first bond and equity ETFs, namely ABF Malaysia Bond Index Fund ("ABF Malaysia") in 2005 and FTSE Bursa Malaysia KLCI etf ("FBM KLCI etf") in 2007 and has grown to become the largest ETF Provider in the country, managing assets worth around RM1.5 billion.2 ABF Malaysia remains the country’s only bond ETF and largest ETF in terms of fund size.2
ABF Malaysia buys into a portfolio of mainly Malaysian government bonds. It tracks the performance of Markit iBoxx®ABF Malaysia Bond Index.3 FBM KLCI etf is designed to follow the performance of its benchmark index, FTSE Bursa Malaysia KLCI ("FBM KLCI").3 FBM KLCI can be seen as representing the barometer of Malaysia’s top 30 largest companies in terms of market capitalisation.
Under the Islamic Institutional House of the Year for Malaysia, AmInvest was evaluated and acknowledged on several criteria such as assets under management, new Islamic products or funds launched and overall contribution to the growth of the industry.1
Over the last five years, AmInvest’s Shariah-compliant institutional business has more than doubled in terms of assets under management and has grown at a commendable compounded annual growth rate of 15%. During the year of review as at October 2017, nearly half of its assets were invested in foreign assets across asset classes, a testament to its expertise in managing global assets.
1 Asia Asset Management 2018 Best of the Best Awards, January 2018. Data extracted from www.asiaasset.com on 16 January 2018.
2 Based on the launch dates of the list of ETFs in Malaysia and its respective fund value. Data extracted from Lipper for Investment Management by Lipper, a Thomson Reuters company as at December 2017. Data extracted 15 January 2018.
3 More information available at www.abfmy1.com.my and at www.fbmklcietf.com.my respectively.