TheEdge
KUALA LUMPUR: AmInvestment Bank group has declared income distributions totalling RM9.26 million for its AmAsia-Pacific Property Equities and AmConstant 12/07 funds, and RM7.5 million for its ABF Malaysia Bond Index Fund.
For AmAsia-Pacific Property Equities, the final income distribution of four sen per unit for the financial year ended Nov 30, 2007 represented a yield of 3.8%, the bank said.
It said the fund delivered a return of 20.7% since its launch in June 2006, outperforming its benchmark by 3% as at November 2007.
AmAsia-Pacific Property Equities is a capital growth and income fund which seeks to obtain long-term capital appreciation by investing its assets in the quoted equities of companies or real estate investment trusts (REITs) in the Asia-Pacific region.
AmConstant 12/07 unit holders will receive a total distribution of 4.2 sen per unit for the year ended Dec 31, 2007, following the latest distribution of 2.1 sen per unit.
The total distribution for the closed-ended fixed income fund represented a yield of 4.1% investment return. AmInvestment Bank said the fund matured on Dec 24, 2007 and had given a total distribution of 12.6 sen, which represented 12.6% investment return based on the NAV per unit of RM1 as at its launch.
It said the fund had delivered a three-year return of 12.3%, outperforming its benchmark by 1.56% as at November 2007.
For the ABF Malaysia Bond Index Fund, income distribution for the year ended Dec 31, 2007 increased to 3.1 sen after the final distribution of 1.55 sen per unit. The total distribution represented a yield of 2.9% investment return, it said.
ABF Malaysia Bond Index Fund is a fixed-income exchange traded fund listed on Bursa Malaysia and is passively managed against the given benchmark.
AmMutual manages 37 unit trust funds. These funds, together with discretionary mandates, totalled RM19.1 billion as at Nov 30, 2007.
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.
