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.
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