KUALA LUMPUR, Aug 18 (Bernama) — Two of AmInvest’s unit trust funds have been picked again in this year’s FSMOne Recommended Unit Trusts Awards 2020/21 (Recommended Unit Trusts Awards) for their consistent performance among peers within their respective categories.
AmIncome Plus was listed as the recommended unit trust fund under the Fixed Income-Malaysia (Short Duration) category for the seventh consecutive year, whereas AmDynamic# Bond topped the Fixed Income-Malaysia with Foreign Exposure category for the fifth year running.
The Recommended Unit Trusts Awards by FSMOne Malaysia assist investors to shortlist consistently performing unit trust funds amongst their peers.FSMOne Malaysia is the online distribution arm of iFAST Capital Sdn Bhd for unit trusts, insurance, bonds and managed portfolios.
For the Recommended Unit Trusts Awards, unit trust funds with a track record of at least three years (as at end March 2020) were considered and the returns of these funds were then compared against benchmarks and peers within similar sectors and regions.
The methodology for fund assessment was based on a combination of quantitative and qualitative factors.
The quantitative factors considered were historical performances, expense ratio and risk. Meanwhile, qualitative factors that were used as barometers to determine the winners in each category included the fund house’s investment philosophy and consistency in their investment approach.
“Our fixed income team’s foresight and ability to apply a defensive investment strategy coupled with our robust investment processes in place were key in helping deliver positive returns for these funds during uncertain market conditions,” says Ms Goh Wee Peng, Chief Executive Officer of AmInvest.
AmIncome Plus, which is the recommended unit trust fund under the Fixed Income – Malaysia (Short Duration) category, is suitable for investors who want to invest the cash portion of their investment portfolio for the potential to reap regular income.
For the one-year period up to end March 2020, the fund posted a one-year total return (a measure of the fund’s performance comprising income distribution and capital gains) of around 4.2% and about 12.6% over a three-year period.
AmDynamic# Bond, the recommended unit trust fund under the Fixed Income – Malaysia with Foreign Exposure category, registered a one-year total return of around 7.4% and a return of about 20.8% over three years up to end March 2020.
This medium to long-term bond fund employs an active management investment strategy that seeks to increase returns by capitalising on market views and timing decisions, as opposed to a buy-and-hold strategy.
Since the start of the year, AmInvest has received awards for bond and sukuk fund performance. Recently, AmInvest took home the Best Bond Group – Malaysia Pension award at the Refinitiv Lipper Fund Awards 2020, Malaysia.
Within the Shariah-compliant space, AmInvest was recognised as the Best Global Sukuk Fund Manager 2019 by Employees Provident Fund at the External Fund Managers Annual Awards 2020.