AmInvest has been honoured as Malaysia’s Best Pension Fund Manager by Asia Asset Management at its 2019 Best of the Best Awards (“Awards”).1 Held annually for the past 15 years, the Awards recognise the most outstanding players in the funds management business in Asia. AmInvest was the recipient of this award for four consecutive years from 2013 to 2016.
Asia Asset Management had assessed AmInvest over three-year and five-year periods on how it has managed its domestic pension mandates and Private Retirement Scheme (“AmPRS”) funds, the size of these mandates and returns against relevant benchmarks, as well as investor education initiatives undertaken.
“Our ability to understand and anticipate the ever-changing market environment has given us the foresight to develop retirement solutions as well as a robust investment process to deliver consistent positive returns over the long term,” said Goh Wee Peng, Chief Executive Officer of AmInvest.
The growth of AmInvest’s pension business has been on an upward trajectory throughout the years. Over the past five years, AmInvest’s pension mandates and AmPRS funds’ assets under management recorded a 26% growth or around MYR2.75 billion.
AmInvest, the funds management arm of AmInvestment Bank also offers one of the most diverse range of private retirement funds in the market comprising 10 AmPRS funds across various asset classes and geographical exposure, in both the conventional and Shariah-compliant spaces.3 These funds differ in terms of expected returns and risks for selection according to respective retirement needs, goals and risk tolerance. AmInvest is the only Private Retirement Scheme (“PRS”) provider in the country to offer unique PRS non-core fund offerings, namely a real estate Asia Pacific fund called AmPRS-Asia Pacific REITs and two bond funds, AmPRS-Tactical Bond and AmPRS-Dynamic# Sukuk.4
“We are honoured to receive this acknowledgement as it is truly a testament of our team’s unwavering commitment to performance excellence, and the affirmation and trust of our clients and investors in our capabilities to manage their pension and retirement investments,” said Dato' Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
AmInvest claimed the top three spots for the best performing PRS funds over a one-year performance period as at 19th April 2019. AmPRS – Asia Pacific REITs ranked first with a total return (a measure of the fund’s performance comprising income distribution and capital gains) of around 16%.5 AmPRS-Tactical Bond took the second spot with a total return of about 6.9%, whereas AmPRS – Dynamic#Sukuk came in third with a total return of around 6.8%.
Asia Asset Management is a publication based in Hong Kong which provides news on the Asian asset management industry.