TheEdge
KUALA LUMPUR: Alliance Investment Management Bhd (AIMB) has declared a gross income distribution of three sen per unit for its fixed-income fund, Alliance Moneyplus Fund (AMF), for the year ended June 30, 2008.
In a statement yesterday, AIMB said the distribution, which translates to a yield of 5.55%, was the highest paid out cash distribution since the fund's inception in 2002. Last year's distribution was two sen.
"Performance wise, the fund had gained 4.35% from 0.5176 sen to 0.5401 sen. The average net asset value (NAV) during the 12-month period was 0.5410 sen," said AIMB head and executive director Nik Azhar Abdullah.
According to the Lipper Fund Table, dated July 14, 2008, AMF was ranked second, ninth and fourth out of 38, 26 and 19 funds in the same category on the back of a 4.35% return for the one year period, 13.42% for three years and 25.98% for five years, 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.
