BusinessTimes
Am ARA REIT Managers Sdn Bhd, the Manager of AmFIRST Real Estate Investment Trust (AmFIRST), has posted revenue of RM23.65 million for the first quarter ended 30 June 2009, a 5 per cent increase from RM22.52 million registered in the previous corresponding quarter.
Net property income for the period grew marginally to RM15.23 million compared to RM15.07 million in the corresponding period last year, while profit after tax rose 10 per cent to RM10.58 million against RM9.60 million before. Earnings per unit was 2.47 sen.
The improved performance arose from the contribution of income derived from positive rental reversions recorded from its three properties - Kelana Brem Towers, The Summit Subang USJ and Menara AmBank.
“AmFIRST achieved a set of favourable income for the first quarter despite the current global economic slowdown, that have also impacted the REITs industry worldwide,” chief executive officer Lim Yoon Peng said in a statement.
He said the properties also continue to attract and retain quality tenants, thus generating steady rental income for the Trust.
For this year, the manager has lined up enhancement and repositioning works for its properties. The first building involved – Menara Merais in Petaling Jaya - should see its renovation works completed by November this year.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Showing posts with label AmInvestment. Show all posts
Showing posts with label AmInvestment. Show all posts
Monday, August 24, 2009
Monday, March 2, 2009
AmIslamic to double assets under mgmt
TheEdge
AmIslamic Fund Management Sdn Bhd, a new unit under the AmInvestment Bank Group, expects its Islamic assets to more than double over the next two years.
AmInvestment Bank group chief executive officer for the Funds Management Division Datin Maznah Mahbob said, the Islamic assets under management were close to RM1 billion at present.
She said there were a lot of opportunities for customised Shariah-compliant investment solutions despite the global economic downturn.
"We have a dedicated team of Islamic specialists to provide customised Shariah-compliant investment solutions for institutional investors.
We are optimistic that we can easily more than double, the funds under management which are Islamic assets, within the next couple of years," she said at the media briefing on AmIslamic Funds Management here today.
Maznah said the Islamic fund management company plans to launch more than two new funds this year.
AmIslamic Funds Management which was incorporated last year offers a comprehensive and innovative range of Shariah-compliant funds management services that meet diverse investment needs.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
AmIslamic Fund Management Sdn Bhd, a new unit under the AmInvestment Bank Group, expects its Islamic assets to more than double over the next two years.
AmInvestment Bank group chief executive officer for the Funds Management Division Datin Maznah Mahbob said, the Islamic assets under management were close to RM1 billion at present.
She said there were a lot of opportunities for customised Shariah-compliant investment solutions despite the global economic downturn.
"We have a dedicated team of Islamic specialists to provide customised Shariah-compliant investment solutions for institutional investors.
We are optimistic that we can easily more than double, the funds under management which are Islamic assets, within the next couple of years," she said at the media briefing on AmIslamic Funds Management here today.
Maznah said the Islamic fund management company plans to launch more than two new funds this year.
AmIslamic Funds Management which was incorporated last year offers a comprehensive and innovative range of Shariah-compliant funds management services that meet diverse investment needs.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, February 12, 2009
AmInvestment Bank plans 10 funds this year
TheStar
KUALA LUMPUR: AmInvestment Bank Group plans to launch up to 10 funds this year, said its director (retail funds) Ng Chze How.
Currently, it has 43 unit trust funds marketed under its retail brand AmMutual and two exchange-traded funds under AmInvestment Bank Group.
“We launched eight unit trust products in 2008. Based on market demand and situation, we expect to maintain this kind of momentum this year,” Ng said at the launch of its first unit trust fund for the year, AmTriple 3O-Capital Protected.
Ng said the fund was expected to provide double-digit returns after three years.
The AmTriple is a closed-end fund linked to the best performance chosen from three dynamic indices which provide diversified exposure to three main asset classes - equity, commodity and money market.
AmTriple 3O has an authorised fund size of 200 million units.
The minimum and subsequent investment amount is RM5,000. — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank Group plans to launch up to 10 funds this year, said its director (retail funds) Ng Chze How.
Currently, it has 43 unit trust funds marketed under its retail brand AmMutual and two exchange-traded funds under AmInvestment Bank Group.
“We launched eight unit trust products in 2008. Based on market demand and situation, we expect to maintain this kind of momentum this year,” Ng said at the launch of its first unit trust fund for the year, AmTriple 3O-Capital Protected.
Ng said the fund was expected to provide double-digit returns after three years.
The AmTriple is a closed-end fund linked to the best performance chosen from three dynamic indices which provide diversified exposure to three main asset classes - equity, commodity and money market.
AmTriple 3O has an authorised fund size of 200 million units.
The minimum and subsequent investment amount is RM5,000. — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, January 15, 2009
AmInvestment declares two sen final distribution for ETF
TheEdge
KUALA LUMPUR: AmInvestment Bank Group has declared a final income distribution of two sen per unit for its exchange-traded fund (ETF), ABF Malaysia Bond Index Fund, for the financial year ended Dec 31, 2008 (FY08).
With that, AmInvestment said the fund paid a total of 3.55 sen per unit in income distribution for FY08, representing a yield of 3.4% based on the net asset value (NAV) of RM1.0487 per unit as at Dec 31, 2007.
“As we cross the threshold of 2009, we have entered a period of global economic slowdown coupled with low interest rates and widening credit spreads. Hence, a sovereign bond ETF such as ABF Malaysia Bond Index Fund would be the ETF of choice,” said Datin Maznah Mahbob, chief executive officer of funds management division of AmInvestment Bank Group.
“This fund is designed for investors who seek an index-based approach to investing in a portfolio of government or sovereign bonds. It can be used as a trading instrument and it gives investors more flexibility,” she added.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank Group has declared a final income distribution of two sen per unit for its exchange-traded fund (ETF), ABF Malaysia Bond Index Fund, for the financial year ended Dec 31, 2008 (FY08).
With that, AmInvestment said the fund paid a total of 3.55 sen per unit in income distribution for FY08, representing a yield of 3.4% based on the net asset value (NAV) of RM1.0487 per unit as at Dec 31, 2007.
“As we cross the threshold of 2009, we have entered a period of global economic slowdown coupled with low interest rates and widening credit spreads. Hence, a sovereign bond ETF such as ABF Malaysia Bond Index Fund would be the ETF of choice,” said Datin Maznah Mahbob, chief executive officer of funds management division of AmInvestment Bank Group.
“This fund is designed for investors who seek an index-based approach to investing in a portfolio of government or sovereign bonds. It can be used as a trading instrument and it gives investors more flexibility,” she added.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, January 6, 2009
AmInvestment Bank eyes RM100mil with new fund
TheStar
KUALA LUMPUR: AmInvestment Bank Bhd aims to attract RM100mil for its latest syariah-based capital protected fund – AmStaples – by Jan 30.
The fund has yielded RM15mil in take-up rates since its soft launch on Dec 17.
AmStaples provides a contracted fixed income with a minimum 6% return in the first 12 months and 2% at maturity, which is 33 months.
At least 95% of the net asset value of the fund would be invested in 33-month tenured certificates denominated in Australian dollars and 5% in commodities such as corn and soybean as well as stocks such as Kraft Foods Inc and Nestle SA.
The fund is also exposed to the performance of the Australian dollar against the ringgit.
“The Australian dollar is expected to appreciate over the medium to long term since Australia, a major commodity producer, will benefit when demand for commodities pick up in line with the global recovery,” said chief executive officer Datin Maznah Mahbob after the fund launch.
Maznah said that globally, the outlook for the food and agri-business industry remained positive, driven by high demand for food and biofuel.
“Demand for staple foods is unlikely to drop despite the unfavourable economic conditions.
“It is one of the investment opportunities during recessions because such assets are expected to remain resilient during this period,” she said.
AmInvestment retail funds director (funds management) Ng Chze How was confident of a good take-up rate for the fund, marketed under the group’s retail brand AmMutual.
Ng said most of AmMutual’s 43 unit trust funds had outperformed the market’s benchmark in 2008.
For AmStaples, he said a special incentive would be given to early investors.
“They will get a ‘headstart coupon’ of 15% returns. If the investment in the food staples (of AmStaples) remains flat at maturity, the investors will still get 15% return.
“But if the food staples move up by 5%, the investors will gain 20% return. If the investment drops by 10%, the investors’ return will still be positive at 5%,” he said.
As at Dec 31, the total assets under AmMutual management were valued at RM16bil.
Ng said that of the 43 funds managed by AmMutual, about 20 were based on fixed income, contributing 65% of the total fund size.
“In line with the group’s overall targets, the fund management division aims to double its business in terms of revenue and economic profit by March 31, 2011.
“This year, we plan to launch eight to 10 funds,” he said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank Bhd aims to attract RM100mil for its latest syariah-based capital protected fund – AmStaples – by Jan 30.
The fund has yielded RM15mil in take-up rates since its soft launch on Dec 17.
AmStaples provides a contracted fixed income with a minimum 6% return in the first 12 months and 2% at maturity, which is 33 months.
At least 95% of the net asset value of the fund would be invested in 33-month tenured certificates denominated in Australian dollars and 5% in commodities such as corn and soybean as well as stocks such as Kraft Foods Inc and Nestle SA.
The fund is also exposed to the performance of the Australian dollar against the ringgit.
“The Australian dollar is expected to appreciate over the medium to long term since Australia, a major commodity producer, will benefit when demand for commodities pick up in line with the global recovery,” said chief executive officer Datin Maznah Mahbob after the fund launch.
Maznah said that globally, the outlook for the food and agri-business industry remained positive, driven by high demand for food and biofuel.
“Demand for staple foods is unlikely to drop despite the unfavourable economic conditions.
“It is one of the investment opportunities during recessions because such assets are expected to remain resilient during this period,” she said.
AmInvestment retail funds director (funds management) Ng Chze How was confident of a good take-up rate for the fund, marketed under the group’s retail brand AmMutual.
Ng said most of AmMutual’s 43 unit trust funds had outperformed the market’s benchmark in 2008.
For AmStaples, he said a special incentive would be given to early investors.
“They will get a ‘headstart coupon’ of 15% returns. If the investment in the food staples (of AmStaples) remains flat at maturity, the investors will still get 15% return.
“But if the food staples move up by 5%, the investors will gain 20% return. If the investment drops by 10%, the investors’ return will still be positive at 5%,” he said.
As at Dec 31, the total assets under AmMutual management were valued at RM16bil.
Ng said that of the 43 funds managed by AmMutual, about 20 were based on fixed income, contributing 65% of the total fund size.
“In line with the group’s overall targets, the fund management division aims to double its business in terms of revenue and economic profit by March 31, 2011.
“This year, we plan to launch eight to 10 funds,” he said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, November 25, 2008
AmConservative declares payout
BusinessTimes
AMMUTUALS AmConservative has declared an interim income distribution of one sen per unit for the financial year ending April 2009.
This represented a yield of two per cent investment return based on the net asset value per unit of RM0.4881 as at April 30 2008, said AmInvestment Group in a statement.
AmConservative aims to preserve capital and provide a stream of income by having a bigger exposure to fixed-income investments than equities, it said. - Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
AMMUTUALS AmConservative has declared an interim income distribution of one sen per unit for the financial year ending April 2009.
This represented a yield of two per cent investment return based on the net asset value per unit of RM0.4881 as at April 30 2008, said AmInvestment Group in a statement.
AmConservative aims to preserve capital and provide a stream of income by having a bigger exposure to fixed-income investments than equities, it said. - Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, November 6, 2008
AmFirst REIT posts bigger H1 revenue
BusinessTimes
AMFIRST Real Estate Investment Trust (AmFIRST REIT), the country's oldest property trust, saw a 63 per cent increase in revenue to RM45.4 million for the first half ended September 30 2008.
Net profit surged by 50 per cent to RM29.8 million from RM19.82 million a year ago.
The growth was attributed mainly by profit from its newly-acquired units at The Summit Subang USJ, which started to contribute from April 1.
There was also organic growth from positive rental reversion from tenancy renewals and tenant replacement, its manager Am ARA REIT Managers Sdn Bhd said in a statement yesterday.
As at September 30 2008, the average occupancy rate of AmFIRST's total properties stood at 88.26 per cent.
Am ARA chief executive officer Lim Yoon Peng said global uncertainties over real estate valuations, which developed during the period under review, have had an impact on investors' view on REIT stocks, reflected in depressed unit prices, and Malaysian REITS were not spared.
"Nevertheless, we believe fundamentals of the Malaysian property market remain firm," he said.
"REIT with good occupancy rates and strategies for development will be able to maintain steady dividend streams arising from the middle- to long-term nature of their tenancies, to the benefit of their unitholders," he added.
Lim said Am ARA will continue to extract the best value out of the existing assets in the trust's portfolio as there is still room to further improve the earnings capacity and potential.
AmFirst, listed in December 2006, is one of the larger commercial space REITs in Malaysia with six properties worth RM840 million in its portfolio. They are Bangunan AmBank Group, Menara AmBank, AmBank Group Leadership Centre, Menara Merais, Kelana Brem Towers and The Summit.
AmFIRST aims to diversify its portfolio via investments in profit-producing real estate, primarily used for commercial, retail and office purposes.
A distribution of 4.268 sen per unit, representing 100 per cent of AmFirst income after tax, has been declared. Based on AmFirst's market price of RM0.88 per unit (as at September 30), the distribution per unit represents an annualised yield of 9.7 per cent.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
AMFIRST Real Estate Investment Trust (AmFIRST REIT), the country's oldest property trust, saw a 63 per cent increase in revenue to RM45.4 million for the first half ended September 30 2008.
Net profit surged by 50 per cent to RM29.8 million from RM19.82 million a year ago.
The growth was attributed mainly by profit from its newly-acquired units at The Summit Subang USJ, which started to contribute from April 1.
There was also organic growth from positive rental reversion from tenancy renewals and tenant replacement, its manager Am ARA REIT Managers Sdn Bhd said in a statement yesterday.
As at September 30 2008, the average occupancy rate of AmFIRST's total properties stood at 88.26 per cent.
Am ARA chief executive officer Lim Yoon Peng said global uncertainties over real estate valuations, which developed during the period under review, have had an impact on investors' view on REIT stocks, reflected in depressed unit prices, and Malaysian REITS were not spared.
"Nevertheless, we believe fundamentals of the Malaysian property market remain firm," he said.
"REIT with good occupancy rates and strategies for development will be able to maintain steady dividend streams arising from the middle- to long-term nature of their tenancies, to the benefit of their unitholders," he added.
Lim said Am ARA will continue to extract the best value out of the existing assets in the trust's portfolio as there is still room to further improve the earnings capacity and potential.
AmFirst, listed in December 2006, is one of the larger commercial space REITs in Malaysia with six properties worth RM840 million in its portfolio. They are Bangunan AmBank Group, Menara AmBank, AmBank Group Leadership Centre, Menara Merais, Kelana Brem Towers and The Summit.
AmFIRST aims to diversify its portfolio via investments in profit-producing real estate, primarily used for commercial, retail and office purposes.
A distribution of 4.268 sen per unit, representing 100 per cent of AmFirst income after tax, has been declared. Based on AmFirst's market price of RM0.88 per unit (as at September 30), the distribution per unit represents an annualised yield of 9.7 per cent.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, November 4, 2008
AmMutuals fund's maiden payment
BusinessTimes
AMMUTUALS AmDual Opportunities - Capital Protected has declared its first income distribution of 7.30 sen per unit for the financial year ending October 2008.
The first yearly income distribution represented a yield of 7.3 per cent based on the net asset value (NAV) per unit of RM1 offered during the offer period from September 3 to October 2 2007.
"As at October 17 2008, the fund delivered a one year return of 12.95 per cent as compared to its benchmark, the Maybank one year fixed deposit rate of 3.70 per cent, an outperformance by 9.25 per cent," Datin Maznah Mahbob, chief executive officer of the funds management division, AmInvestment Bank Group, said in a statement.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
AMMUTUALS AmDual Opportunities - Capital Protected has declared its first income distribution of 7.30 sen per unit for the financial year ending October 2008.
The first yearly income distribution represented a yield of 7.3 per cent based on the net asset value (NAV) per unit of RM1 offered during the offer period from September 3 to October 2 2007.
"As at October 17 2008, the fund delivered a one year return of 12.95 per cent as compared to its benchmark, the Maybank one year fixed deposit rate of 3.70 per cent, an outperformance by 9.25 per cent," Datin Maznah Mahbob, chief executive officer of the funds management division, AmInvestment Bank Group, said in a statement.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, September 16, 2008
AmInvestment launches unique capital protected fund
TheStar
KUALA LUMPUR: AmInvestment Bank Group yesterday launched an unconventional capital protected fund called AmCommodities Active-Capital Protected (AACP) that has several unique features.
AmInvestment Bank Group chief executive officer and executive director (funds management) Datin Maznah Mahbob said it was one of the few local funds that invested in the commodity market for retail investors.
The fund has an authorised fund size of 200 million units at RM1 per unit and is offered to the public from Sept 8 to Oct 7.
The minimum investment amount is RM5,000.
KUALA LUMPUR: AmInvestment Bank Group yesterday launched an unconventional capital protected fund called AmCommodities Active-Capital Protected (AACP) that has several unique features.
AmInvestment Bank Group chief executive officer and executive director (funds management) Datin Maznah Mahbob said it was one of the few local funds that invested in the commodity market for retail investors.
The fund has an authorised fund size of 200 million units at RM1 per unit and is offered to the public from Sept 8 to Oct 7.
The minimum investment amount is RM5,000.
AmBank Group chairman Tan Sri Azman Hashim (left) and AmInvestment Bank Group chief executive officer and executive director Datin Maznah Mahbob at the launch of the new fund on Monday.
The close-ended fund will invest mainly in three-year ringgit-denominated zero coupon negotiable instruments of deposits from financial institutions to ensure that 100% of investors’ capital was paid back upon maturity.
Maznah told reporters after the launch of AACP yesterday that 10% of the fund would be invested in an option linked to an actively managed commodity investment strategy to generate income and capital appreciation.
She said the strategy determined the allocation exposure of the portfolio based on a volatility management index called “Isovol Index” to a commodity index, AmIslamic Bank Makmur Commodity Index.
“The purpose of Isovol Index is to cap the volatility of exposure to the AmIslamic Bank Makmur Commodity Index at 15%.
“With this mechanism in place, the portfolio then manages the allocation of exposure to the Isovol Index at between 20% and 200%,” she said.
On the fund’s returns, Maznah said on average, investors could expect about 8% to 10% per annum based on track record.
“The fund would attract investors wanting exposure to an actively managed strategy in commodities investment and suit those seeking potentially higher income and capital appreciation over the longer term,” she said.
AACP is sold via AmBank branches, AmBank Financial Services and its authorised institutional unit trust advisers, including United Overseas Bank, Alliance Bank and EON Bank.
Currently, AmInvestment Bank Group has 41 unit trust funds marketed under its retail brand AmMutual and two exchange-traded funds.
Total assets under AmMutual funds management, including two exchange-traded funds and discretionary mandates, are worth RM18.4bil as at Aug 31.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, September 11, 2008
AmInvestment Bank pays distributions
TheStar
KUALA LUMPUR: AmInvestment Bank Group has declared income distributions of 2 sen, 1.5 sen and 2 sen per unit for unitholders of AmBon Islam, AmIttikal and AmBond funds respectively.
It said in a statement that as at July 31, the AmBon, AmBond and AmIttikal gave a three-year return of 9.9%, 11.24% and 29.23% respectively — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank Group has declared income distributions of 2 sen, 1.5 sen and 2 sen per unit for unitholders of AmBon Islam, AmIttikal and AmBond funds respectively.
It said in a statement that as at July 31, the AmBon, AmBond and AmIttikal gave a three-year return of 9.9%, 11.24% and 29.23% respectively — Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Monday, August 18, 2008
Al Rajhi Bank offers AmMutual’s Asia Pacific feeder fund
TheEdge
KUALA LUMPUR: Al Rajhi Bank (Malaysia) will exclusively distribute AmMutual’s feeder fund, the Namaa’ Asia-Pacific Equity Growth, which will invest mainly in Asia-Pacific equities.
In a joint statement yesterday, the parties said it would be the first feeder fund to invest in Asia-Pacific equities with its investment managed out of Malaysia.
The fund is only available at all 19 Al Rajhi Bank branches throughout Malaysia.
The fund seeks to grow the value of investment in the longer term by investing in listed equities and equities related investments and other Islamic instruments that conform to the principles of syariah across Asia Pacific (ex-Japan).
“We believe the Asia-Pacific capital market is a good investment destination as it has attractive companies and reasonable valuations while proven to provide better support due to expected stronger growth in domestic consumption in Asia Pacific,” said Sabry Ghouse, director of retail banking, Al Rajhi Bank (Malaysia).
Sabry said the annualised growth rate of 40% per annum for Islamic funds showed a strong demand for Islamic funds as compared to 23% per annum for the total industry in the last seven years. Al Rajhi Bank is also the syariah adviser of the fund.
As a feeder fund, it will invest a minimum of 95% of the net asset value in the Malaysian-based AmNamaa’ Asia-Pacific Equity Growth, which diversifies geographical risk by investing across Asia Pacific and is denominated in US dollars.
The feeder fund has a maximum approved fund size of 200 million units, and is being offered at 50 sen per unit.
The minimum initial investment is RM1,000 with subsequent minimum investments of RM500 each. The offer period ends on Sept 4, 2008.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: Al Rajhi Bank (Malaysia) will exclusively distribute AmMutual’s feeder fund, the Namaa’ Asia-Pacific Equity Growth, which will invest mainly in Asia-Pacific equities.
In a joint statement yesterday, the parties said it would be the first feeder fund to invest in Asia-Pacific equities with its investment managed out of Malaysia.
The fund is only available at all 19 Al Rajhi Bank branches throughout Malaysia.
The fund seeks to grow the value of investment in the longer term by investing in listed equities and equities related investments and other Islamic instruments that conform to the principles of syariah across Asia Pacific (ex-Japan).
“We believe the Asia-Pacific capital market is a good investment destination as it has attractive companies and reasonable valuations while proven to provide better support due to expected stronger growth in domestic consumption in Asia Pacific,” said Sabry Ghouse, director of retail banking, Al Rajhi Bank (Malaysia).
Sabry said the annualised growth rate of 40% per annum for Islamic funds showed a strong demand for Islamic funds as compared to 23% per annum for the total industry in the last seven years. Al Rajhi Bank is also the syariah adviser of the fund.
As a feeder fund, it will invest a minimum of 95% of the net asset value in the Malaysian-based AmNamaa’ Asia-Pacific Equity Growth, which diversifies geographical risk by investing across Asia Pacific and is denominated in US dollars.
The feeder fund has a maximum approved fund size of 200 million units, and is being offered at 50 sen per unit.
The minimum initial investment is RM1,000 with subsequent minimum investments of RM500 each. The offer period ends on Sept 4, 2008.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, August 14, 2008
AmIslamic sees 14% return in structured deposit
TheEdge
KUALA LUMPUR: AmIslamic Bank Bhd’s first Islamic structured deposit is expected to reap an average annual return of about 14% upon maturity, said its chief executive officer Ahmad Zaini Othman.
He said the newly-launched Islamic structured deposit called Active Commodities Islamic Negotiable Instruments of Deposit (NID-i) was designed to take advantage of the potential upside of investment in commodities while at the same time provided capital protection to investors.
The product was linked to a basket of commodities in three commodity sectors, namely agriculture, energy and metals.
Ahmad Zaini said the close-ended product was suitable for investors who wished to preserve their capital but also wanted potentially better returns than general investment Islamic accounts over a four-year investment period.
“The commodities market itself is very much stable and based on historical investment data, returns for depositors would be good,” he told a press conference after the launch of Active Commodities NID-i by AmBank Group chairman Tan Sri Azman Hashim yesterday.
Ahmad Zaini said the product had a targeted fund size of RM200 million during the 30-day offer period, adding that the minimum size of investment was RM50,000 and the minimum additional investment was in multiples of RM50,000.
He added that the product offered retail investors and institutional players a bigger spread of portfolio over a range of commodities that had fundamental strength and were non-speculative in nature.
Ahmad Zaini said AmIslamic Bank would look into the possibility of having new structured products with different configurations based on syariah principles.
Earlier, Azman Zaini said Active Commodities NID-I was suitable for investors who wanted to ride on the long-term positive outlook on the commodity market.
“Inflation is on the rise and one of the best hedge against inflation would be to tap the growth potential from the investment in commodities,” he added.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmIslamic Bank Bhd’s first Islamic structured deposit is expected to reap an average annual return of about 14% upon maturity, said its chief executive officer Ahmad Zaini Othman.
He said the newly-launched Islamic structured deposit called Active Commodities Islamic Negotiable Instruments of Deposit (NID-i) was designed to take advantage of the potential upside of investment in commodities while at the same time provided capital protection to investors.The product was linked to a basket of commodities in three commodity sectors, namely agriculture, energy and metals.
Ahmad Zaini said the close-ended product was suitable for investors who wished to preserve their capital but also wanted potentially better returns than general investment Islamic accounts over a four-year investment period.
“The commodities market itself is very much stable and based on historical investment data, returns for depositors would be good,” he told a press conference after the launch of Active Commodities NID-i by AmBank Group chairman Tan Sri Azman Hashim yesterday.
Ahmad Zaini said the product had a targeted fund size of RM200 million during the 30-day offer period, adding that the minimum size of investment was RM50,000 and the minimum additional investment was in multiples of RM50,000.
He added that the product offered retail investors and institutional players a bigger spread of portfolio over a range of commodities that had fundamental strength and were non-speculative in nature.
Ahmad Zaini said AmIslamic Bank would look into the possibility of having new structured products with different configurations based on syariah principles.
Earlier, Azman Zaini said Active Commodities NID-I was suitable for investors who wanted to ride on the long-term positive outlook on the commodity market.
“Inflation is on the rise and one of the best hedge against inflation would be to tap the growth potential from the investment in commodities,” he added.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Wednesday, August 6, 2008
New AmInvestment commodities fund
TheStar
KUALA LUMPUR: AmInvestment Bank Bhd is planning to capitalise on the global commodity boom with its new fund called AmCommodities Extra.
Managing director Kok Tuck Cheong said the long-term outlook for commodities remained positive due to a mismatch of supply and demand, which had raised commodity prices.
“Commodities have low correlation to equities and bonds, and therefore provide investors another alternative class of investment to enhance their portfolio as well as preserve their wealth against inflation,” he said at the launch of the fund yesterday.
KUALA LUMPUR: AmInvestment Bank Bhd is planning to capitalise on the global commodity boom with its new fund called AmCommodities Extra.
Managing director Kok Tuck Cheong said the long-term outlook for commodities remained positive due to a mismatch of supply and demand, which had raised commodity prices.
“Commodities have low correlation to equities and bonds, and therefore provide investors another alternative class of investment to enhance their portfolio as well as preserve their wealth against inflation,” he said at the launch of the fund yesterday.
At the launch of AmCommodities Extra. From left: Yvonne Phe, Kok Tuck Cheong, Citibank Bhd head of wealth management Aisyah Lam and Datin Maznah Mahbob
“It has been observed that commodities have consistently outperformed inflation and commodity prices are rising faster than inflation rate.”
On the high volatility that the market experienced lately, chief investment officer (fixed income) Yvonne Phe said the fund had a “revolver strategy” feature, which would reduce exposure of underlying assets during vicious swing and increase exposure when volatility subsided.
AmCommodities Extra invests 90% in fixed income instruments and 10% in structured derivative instruments with exposure to potential upside of commodities theme. These structured derivatives provide 75% exposure in Rogers International Commodity Index (RICI), an index managed by Jim Rogers, a well-known commodities guru, while the remaining underlying assets consist of commodity-related equity indexes in Australia, Brazil and China.
However, this fund does not include crude palm oil (CPO) because of its thin trading volume. Chief executive officer Datin Maznah Mahbob said the fund would emphasis on liquidity but she might consider CPO in the future if the liquidity improved.
Meanwhile, director (retail funds) Ng Chze How said this fund provided an opportunity for portfolio diversification, as most of Malaysian investments were in bonds, equities and cash.
“For investors who can assume medium to high risk, they should consider this class of investment,” he said.
As at June 30, RICI constituted 44% energy, 34.9% agriculture and livestock, and 21.1% precious metals.
Ng said AmInvestment expected AmCommodities Extra to be fully subscribed in six to 12 months.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, July 17, 2008
AmInvestment to distribute income
TheStar
KUALA LUMPUR: AmInvestment Bank group has declared interim income distributions of 10 sen and 1.55 sen respectively for its two exchange traded funds (ETFs), the FBM30etf and ABF Malaysia Bond Index Fund, for the year ending Dec 31, 2008.
AmInvestment Bank said in a statement the FBM30etf's semi-annual income distribution represented a yield of 1.1% investment return based on the net asset value (NAV) per unit of RM9.3416 as at Dec 31, 2007.
For the ABF Malaysia Bond Index Fund, the semi-annual income distribution represented a yield of 1.5% investment return based on the NAV per unit of RM1.0487 as at Dec 31, 2007. - Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank group has declared interim income distributions of 10 sen and 1.55 sen respectively for its two exchange traded funds (ETFs), the FBM30etf and ABF Malaysia Bond Index Fund, for the year ending Dec 31, 2008.
AmInvestment Bank said in a statement the FBM30etf's semi-annual income distribution represented a yield of 1.1% investment return based on the net asset value (NAV) per unit of RM9.3416 as at Dec 31, 2007.
For the ABF Malaysia Bond Index Fund, the semi-annual income distribution represented a yield of 1.5% investment return based on the NAV per unit of RM1.0487 as at Dec 31, 2007. - Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Wednesday, July 9, 2008
AmInvestment starts RM300m bond fund
BusinessTimes
AMINVESTMENT Bank Goup has started a RM300 million bond fund to invest in government and corporate papers issued in local currencies that will benefit from the world's rising economies from Asia to Latin America.
Amid a slowing global economy, weaker corporate earnings growth and rising inflation, the AmEmerging Markets Bond will provide investors an alternative to the currently volatile stock market.
"Local bond markets appear to offer attractive yields and great additional returns. These can be achieved through further yield compression and also through currency appreciation," managing director T.C. Kok said in Kuala Lumpur yesterday.
At least 95 per cent of the fund will be fed into a bigger fund managed by Investec Asset Management, which manages US$66 billion (RM215.16 billion). The mother fund was started in October last year and has chalked up some US$15 million to US$20 million (RM48.9 million to RM65.2 million) in assets.
As at end-May, 60 per cent of the fund was invested in countries with Single A ratings. These include Russia, Colombia, Indonesia, Qatar, Malaysia and Mexico.
Most of the money was put into government bonds, which proves suitable in today's environment as they are shielded from the subprime crisis, AmInvestment's director of retail funds Ng Sze How said.
Investec's director for regional business development KK Cheung estimated an annual return of 8 to 10 per cent for the fund, which adopts an active strategy to pick the best countries and shorting the worst.
Cheung said the fund will gain from the structural improvement in the emerging economies, which may boost the country's rating and in turn push up prices of the papers.
The fund may benefit from the potentially stronger Asian currencies against the US dollar. A higher bond yield, which goes in tandem with the rising inflation, will also benefit the fund, Cheung said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
AMINVESTMENT Bank Goup has started a RM300 million bond fund to invest in government and corporate papers issued in local currencies that will benefit from the world's rising economies from Asia to Latin America.
Amid a slowing global economy, weaker corporate earnings growth and rising inflation, the AmEmerging Markets Bond will provide investors an alternative to the currently volatile stock market.
"Local bond markets appear to offer attractive yields and great additional returns. These can be achieved through further yield compression and also through currency appreciation," managing director T.C. Kok said in Kuala Lumpur yesterday.
At least 95 per cent of the fund will be fed into a bigger fund managed by Investec Asset Management, which manages US$66 billion (RM215.16 billion). The mother fund was started in October last year and has chalked up some US$15 million to US$20 million (RM48.9 million to RM65.2 million) in assets.
As at end-May, 60 per cent of the fund was invested in countries with Single A ratings. These include Russia, Colombia, Indonesia, Qatar, Malaysia and Mexico.
Most of the money was put into government bonds, which proves suitable in today's environment as they are shielded from the subprime crisis, AmInvestment's director of retail funds Ng Sze How said.
Investec's director for regional business development KK Cheung estimated an annual return of 8 to 10 per cent for the fund, which adopts an active strategy to pick the best countries and shorting the worst.
Cheung said the fund will gain from the structural improvement in the emerging economies, which may boost the country's rating and in turn push up prices of the papers.
The fund may benefit from the potentially stronger Asian currencies against the US dollar. A higher bond yield, which goes in tandem with the rising inflation, will also benefit the fund, Cheung said.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Thursday, June 26, 2008
RM1bil water fund launched
TheStar
KUALA LUMPUR: AmInvestment Bank Group and Singapore-based Konzen Group have jointly launched a RM1bil pioneering water fund.
The fund, AmKonzen Asia Water Fund (AmKonzen AWF), is to capitalise on the booming water sector, primarily in China and South-East Asia. It will be managed by Singapore-based AmKonzen Water Investments Management Pte Ltd.
AmKonzen Water is a 50:50 joint-venture private equity fund management company between AmInvestment’s and Konzen Group’s unit Malaysian Ventures Management Inc Sdn Bhd and Konzen Capital Pte Ltd, respectively. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank Group and Singapore-based Konzen Group have jointly launched a RM1bil pioneering water fund.
The fund, AmKonzen Asia Water Fund (AmKonzen AWF), is to capitalise on the booming water sector, primarily in China and South-East Asia. It will be managed by Singapore-based AmKonzen Water Investments Management Pte Ltd.
AmKonzen Water is a 50:50 joint-venture private equity fund management company between AmInvestment’s and Konzen Group’s unit Malaysian Ventures Management Inc Sdn Bhd and Konzen Capital Pte Ltd, respectively. – Bernama
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Wednesday, May 28, 2008
AmDividend Income gets 0.5 sen income distribution per unit
TheEdge
KUALA LUMPUR: AmMutual has declared an interim income distribution of 0.5 sen per unit for its AmDividend Income for the financial year ending Nov 30, 2008.
In a statement yesterday, AmBank group’s funds management division chief executive officer Datin Maznah Mahbob said the semi-annual income distribution represented a yield of 2.04% investment return based on the net asset value (NAV) per unit of 24.45 sen as at Nov 30, 2007.
“As at April 30, 2008, the fund delivered a one-year return of 7.92%, outperforming the Bursa Malaysia Kuala Lumpur Composite Index (KLCI) by 11.13%,” she said.
“The fund has outperformed because of high exposure in sectors like palm oil and finance. Another factor was the cash and equity asset allocation switching strategy.”
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmMutual has declared an interim income distribution of 0.5 sen per unit for its AmDividend Income for the financial year ending Nov 30, 2008.
In a statement yesterday, AmBank group’s funds management division chief executive officer Datin Maznah Mahbob said the semi-annual income distribution represented a yield of 2.04% investment return based on the net asset value (NAV) per unit of 24.45 sen as at Nov 30, 2007.
“As at April 30, 2008, the fund delivered a one-year return of 7.92%, outperforming the Bursa Malaysia Kuala Lumpur Composite Index (KLCI) by 11.13%,” she said.
“The fund has outperformed because of high exposure in sectors like palm oil and finance. Another factor was the cash and equity asset allocation switching strategy.”
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, May 13, 2008
AmBank sees 23% return in AmAsia Star
TheStar
KUALA LUMPUR: The AmBank Group, Malaysia's fifth largest financial services group by assets, is targeting an annual average return of 13.5% to 23% for its newly launched RM200mil AmAsia Star closed-end three-year capital guaranteed investment-linked fund.
AmAsia Star is also the second in the series of AmAsia funds, the first being AmAsia Link, which was launched last September with a fund size of RM100mil.
The minimum investment for AmAsia Star is RM5,000, the minimum additional investment RM5,000, while the maximum investment is RM1.5mil. The offer period is 45 days from the date of launch or upon full subscription.
AmAssurance Bhd general manager (investments) Philomena Jan said the target annual return was based on back testing of the four underlying asset classes the fund invests in - equities, property, industrial metals and precious metals.
She said back testing done on three-year periods since 2001 showed that the equities and commodities traded on the four Asian indices on which the fund was tracking - DAXglobal Asia Financial Service Index, Morgan Stanley Asia Property, S&P GSCI Industrial Metals and S&P GSCI Precious Metals - had an average return of 40.6% to 67%.
“We're confident in the secular bull run of the underlying asset classes and we've a risk-management system incorporated into the fund where the best three performing indices will be accorded weightage every six months in order to maximise returns,” Jan told reporters after the launch of AmAsia Star yesterday.
She said the AmAsia Link's performance was steady despite the volatile global equity markets. The group's target average annual return for the three-year capital guaranteed fund is 8%.
Meanwhile, AmAssurance general manager (corporate and bancassurance sales) Firozdin Abdul Wahab said the AmPreferred Medicare, a medical insurance policy, and an investment-linked education product, would be launched in June.
“We're also launching a critical illness product in July and the third series of the AmAsia funds some time in November,” he said.
AmBank chairman Tan Sri Azman Hashim, who witnessed the launch, said the group would launch up to seven new insurance products this year, as financial planning was now core to the group's bancassurance activities.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: The AmBank Group, Malaysia's fifth largest financial services group by assets, is targeting an annual average return of 13.5% to 23% for its newly launched RM200mil AmAsia Star closed-end three-year capital guaranteed investment-linked fund.
AmAsia Star is also the second in the series of AmAsia funds, the first being AmAsia Link, which was launched last September with a fund size of RM100mil.
The minimum investment for AmAsia Star is RM5,000, the minimum additional investment RM5,000, while the maximum investment is RM1.5mil. The offer period is 45 days from the date of launch or upon full subscription.
AmAssurance Bhd general manager (investments) Philomena Jan said the target annual return was based on back testing of the four underlying asset classes the fund invests in - equities, property, industrial metals and precious metals.
She said back testing done on three-year periods since 2001 showed that the equities and commodities traded on the four Asian indices on which the fund was tracking - DAXglobal Asia Financial Service Index, Morgan Stanley Asia Property, S&P GSCI Industrial Metals and S&P GSCI Precious Metals - had an average return of 40.6% to 67%.
“We're confident in the secular bull run of the underlying asset classes and we've a risk-management system incorporated into the fund where the best three performing indices will be accorded weightage every six months in order to maximise returns,” Jan told reporters after the launch of AmAsia Star yesterday.
She said the AmAsia Link's performance was steady despite the volatile global equity markets. The group's target average annual return for the three-year capital guaranteed fund is 8%.
Meanwhile, AmAssurance general manager (corporate and bancassurance sales) Firozdin Abdul Wahab said the AmPreferred Medicare, a medical insurance policy, and an investment-linked education product, would be launched in June.
“We're also launching a critical illness product in July and the third series of the AmAsia funds some time in November,” he said.
AmBank chairman Tan Sri Azman Hashim, who witnessed the launch, said the group would launch up to seven new insurance products this year, as financial planning was now core to the group's bancassurance activities.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Wednesday, May 7, 2008
AmFIRST outperforms prospectus forecast
TheEdge
KUALA LUMPUR: AmFirst REIT posted a net property income of RM40.64 million on the back of revenue RM57.85 million for the financial year ended March 31, 2008, outperforming its forecast stated in its listing prospectus.
In a statement yesterday, AmFirst manager Am ARA REIT Managers Sdn Bhd said the increase in revenue and income was mainly owing to the contribution from Kelana Brem Towers, which was acquired in June 2007, six months into AmFirst’s listing.
It said at the distributable income level, AmFirst achieved RM31.3 million against the projected RM31.1 million for the financial year.
“This translates to a distribution per unit (DPU) of 7.3 sen which gives unitholders an attractive distribution yield of 8.39% based on closing price of 87 sen for AmFIRST on March 31, 2008,” it said.
Am ARA REIT said it intended to pay out a DPU of 3.676 sen for the six-month period ended March 31, adding that 3.623 sen had earlier been paid out last November.
Am ARA REIT acting chief executive officer Anthony Ooi said the company was pleased to outperform its forecasts in terms of revenue, net property income and distributable income.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmFirst REIT posted a net property income of RM40.64 million on the back of revenue RM57.85 million for the financial year ended March 31, 2008, outperforming its forecast stated in its listing prospectus.
In a statement yesterday, AmFirst manager Am ARA REIT Managers Sdn Bhd said the increase in revenue and income was mainly owing to the contribution from Kelana Brem Towers, which was acquired in June 2007, six months into AmFirst’s listing.
It said at the distributable income level, AmFirst achieved RM31.3 million against the projected RM31.1 million for the financial year.
“This translates to a distribution per unit (DPU) of 7.3 sen which gives unitholders an attractive distribution yield of 8.39% based on closing price of 87 sen for AmFIRST on March 31, 2008,” it said.
Am ARA REIT said it intended to pay out a DPU of 3.676 sen for the six-month period ended March 31, adding that 3.623 sen had earlier been paid out last November.
Am ARA REIT acting chief executive officer Anthony Ooi said the company was pleased to outperform its forecasts in terms of revenue, net property income and distributable income.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
Tuesday, April 8, 2008
AmInvestment declares income for AmBon Islam, AmBond
TheEdge
KUALA LUMPUR: AmInvestment Bank group has declared a semi-annual interim distribution of two sen per unit for AmBon Islam and a final distribution of two sen per unit for AmBond.
In a statement yesterday, AmInvestment Bank said the distribution for AmBon Islam represented a six-month yield of 1.84% based on the net asset value of RM1.089 as at Sept 28, 2007.
The distribution for AmBond brought the total to four sen per unit for the year ended March 31, 2008, representing an annualised yield of 3.78% based on the NAV of RM1.0579 as at March 30, 2007.
As at Feb 29, 2008, AmBon Islam and AmBond gave a one-year return of 3.96% and 4.75%, respectively.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
KUALA LUMPUR: AmInvestment Bank group has declared a semi-annual interim distribution of two sen per unit for AmBon Islam and a final distribution of two sen per unit for AmBond.
In a statement yesterday, AmInvestment Bank said the distribution for AmBon Islam represented a six-month yield of 1.84% based on the net asset value of RM1.089 as at Sept 28, 2007.
The distribution for AmBond brought the total to four sen per unit for the year ended March 31, 2008, representing an annualised yield of 3.78% based on the NAV of RM1.0579 as at March 30, 2007.
As at Feb 29, 2008, AmBon Islam and AmBond gave a one-year return of 3.96% and 4.75%, respectively.
Disclaimer: Reading materials in this site are obtained from its respective website and it is for information purposes only. It is not Malaysia Unit Trusts - administrator view and it is not to be used against Malaysia Unit Trusts - administrator.
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