Friday, 25 June 2021

AMINVEST SCOOPS THREE BEST OF THE BEST AWARDS FOR FUND MANAGEMENT EXPERTISE

KUALA LUMPUR, June 24 (Bernama) -- AmInvest has scooped up three fund management awards, namely, Best Pension Fund Manager (for the third consecutive year), Best Institutional House and Best Bond Manager for Malaysia awards at Asia Asset Management’s Best of the Best Awards 2021 (“Awards”).¹ The Awards recognise the most outstanding fund management players for their excellence in managing investments in the Asia-Pacific region.¹
 
Commenting on the wins, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, said, “To receive these acknowledgements is a huge honour for us as it is a testament to our 40 years’ experience in managing funds and highlights the expertise, as well as, the capabilities of our people. Currently (as at May 2021), we manage Assets Under Management (“AUM”) of around MYR48 billion with the support of our retail and institutional clients.”
 
As Malaysia’s Best Pension Fund Manager, AmInvest was commended for registering the best returns for its domestic pension mandates and its Private Retirement Scheme (“AmPRS”) funds against relevant benchmarks, and the size of these mandates over three-year and five-year periods.¹ Over the last three years (as at May 2021), AmPRS-Islamic Equity Fund and AmPRS-Islamic Balanced Fund were ranked among the top ten best performing PRS funds in the market with total returns of 37.1% and 32.3% respectively, or annualised returns of 11.1% and 9.8% accordingly.² AmInvest offers one of the most diverse ranges of retirement solutions in the market for Malaysian investors to choose from according to their respective retirement needs, goals and risk tolerances. The fund management house is also the only PRS Provider in the country to offer conventional bond and Shariah-compliant sukuk fund offerings, i.e., AmPRS-Tactical Bond and AmPRS-Dynamic# Sukuk.³
 
The Best Institutional House, Malaysia award recognises AmInvest for its performance on market share, client retention, new business won, stability of the senior management team, new initiatives, thought leadership and growth of institutional assets over three years.¹
 
In addition, AmInvest was lauded for its best investment and research process, navigation of the local market conditions, value add to clients and performance and size of its bond assets over one-year and three-year periods under the Best Bond Manager, Malaysia category.¹
 
“Our team’s ability to apply appropriate investment strategies in order to capitalise on the best investment opportunities was instrumental in cushioning the impact to our investors’ investment portfolios during the volatile market conditions throughout 2020. AmInvest’s AUM has increased by 9% over the year with the growth on an uptrend throughout the years. We would like to express our gratitude to our investors for their continued trust in our capabilities to be their investment partner of choice,” said Ms. Goh Wee Peng, Chief Executive Officer of AmInvest.
 
Asia Asset Management is a publication based in Hong Kong which provides news on the Asian asset management industry.¹

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