AmInvest’s AmIncome Plus & AmDynamic Bond Shortlisted Again as Recommended Unit Trusts
Goh Wee Peng, Acting Chief Executive Officer, AmInvest (middle), flanked by Fu Yew Sun, Chief Investment Officer, AmInvest (right) and Alex Tan, Senior Vice President, Retail & Retirement Funds, AmInvest (left) with the two awards at Fundsupermart.com’s Recommended Unit Trusts List 2018/19.
Two AmInvest unit trust funds have been listed on Fundsupermart.com’s Recommended Unit Trusts List 2018/19 (“Recommended List”). AmIncome Plus and AmDynamic# Bond were selected to be included in the Recommended List under the Fixed Income - Malaysia (Short Duration) and Fixed Income – Malaysia with Foreign Exposure categories for the fifth and third time respectively, in recognition of their consistent performance compared to those of its peers in their respective categories.1.
The Recommended List by Fundsupermart.com Malaysia assists investors to shortlist consistent performing unit trust funds amongst its peers. Unit trust funds with a track record of at least three years (as at end March 2018) were considered for the awards and the returns of these funds were then compared against benchmarks and peers within similar sectors and regions. The methodology for fund assessment was based on a combination of quantitative and qualitative factors. The quantitative factors considered were historical performances, expense ratio and risk. Meanwhile, qualitative factors that were used as barometers to determine the winners in each category include the fund house’s investment philosophy and consistency in their investment approach.1 Fundsupermart.com Malaysia is the online unit trust distribution arm of iFAST Capital Sdn. Bhd.
AmIncome Plus and AmDynamic# Bond are unit trust funds eligible under the Employees Provident Fund Members’ Investment Scheme (“EPF-MIS”). EPF-MIS allows its members to transfer a portion of their savings from their Account 1 for investments through appointed fund management institutions as an option to enhance their retirement savings.
“Our experienced fixed income team has worked very hard to manage the funds’ portfolios based on top–down macro analysis, volatility management and credit selection, which have been instrumental in adding value to these funds’ overall performance over time,” explained Mr Fu Yew Sun, Chief Investment Officer of AmInvest.
AmIncome Plus, the recommended fund within the Fixed Income - Malaysia (Short Duration) category invests primarily in short to medium term fixed income instruments with the aim to provide enhanced returns. Over the past year ending on 31 March 2018 (period under review), the fund has generated a total return of 3.8%.2
AmDynamic# Bond, the top fund under the Fixed Income – Malaysia with Foreign Exposure category invests primarily in bonds, which will be managed via active portfolio trading. As at March 2018, the fund has clocked in a 1-year total return of 4.5%.2 Earlier this year, the fund also received Best Bond Malaysia Ringgit – Malaysia Provident, 10 Years at The Edge | Thomson Reuters Lipper Fund Awards 2018.3
Looking at the outlook of the local bond market, Mr Fu said, “We do not foresee any interest rate hike in the near future as Malaysia’s growth continues to stay intact while inflation still looks benign. Our bond portfolios are positioned to take advantage of the volatile market to enhance portfolio returns. We currently favour corporate bonds over government bonds in view of the wider corporate credit spreads.”
# The word “Dynamic” in this context refers to the Fund’s investment strategy which is active management, not buy-and-hold strategy.
1 Fundsupermart.com’s Recommended Unit Trusts 2017/18, July 2018, for performance as of end March 2018.
2 Lipper for Investment Management by Lipper, a Thomson Reuters company for the period 31 March 2017 to 31 March 2018 and is based on total returns. Performance is shown in Malaysian Ringgit on a Net Asset Value (NAV) price basis with income distribution reinvested. Performance figures are calculated net of all fees, charges and expenses, except entry charge and exit penalty (if any). Past performance is not indicative of future performance. Data extracted as at 25 June 2018.
3 The Edge | Thomson Reuters Lipper Malaysia Fund Awards 2018, March 2018.