TheEdge
KUALA LUMPUR: AmInvestment Bank Group’s funds management division (FMD) has declared income distribution totalling RM5.6 million for three AmMutual funds — namely AmBond, AmBon Islam and AmIttikal — for 6,773 unit holders.
The interim income distribution of 2 sen per unit for AmBond for the mid-year ending Sept 30, 2007, a yield of 1.9% for six months investment return based on the net asset value (NAV) per unit of RM1.0579 as at March 30, 2007 or an annualised distribution yield of 3.8%.
AmBond is a medium to long-term bond fund that aims to provide investors with a stream of income.
Unit holders of AmBon Islam will receive final income distribution of 2.5 sen per unit, bringing the total income distribution to 5 sen per unit for the year ending 30 Sept 2007.
The total distribution was a yield of 4.8% investment return based on the NAV per unit of RM1.0337 as at Sept 29, 2006. The fund is a medium to long-term Islamic bond fund.
AmIttikal, an Islamic equity fund, announced final income distribution of 1.5 sen per unit for the year ending Sept 30 2007 recorded a total income distribution of 3 sen per unit for the year.
The distribution represented a yield of 6.5% investment return. AmIttikal is designed as a medium to long-term investment with an objective of producing “halal” income and to a lesser extent capital growth.
As at Aug 31, 2007, all funds have outperformed their respective benchmarks.
AmBond delivered a one year return of 13.58% outperforming its benchmark by 7.62%, AmBon Islam delivered a one year return of 11.45% versus the benchmark figure of 7.54%, translating into an outperformance of 3.91% and AmIttikal delivered a one year return of 34.79% outperforming its benchmark by 27.62%.
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