Affin Hwang Asset Management Bhd has declared a total of RM50.88 million distributions for 10 funds. These funds span across 5 different multi-currency class funds, providing investors with options to invest in their preferred currency. The income distributions were distributed across the Company’s retail and wholesale funds.
The income distributions are shown in the table below:
Unit Holders for the funds mentioned above who are registered as at 15 September 2017 are eligible to receive the income allotment.
Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “We are committed in upholding our pledge to deliver absolute returns, whilst maintaining a disciplined approach with regards to our distribution policy by ensuring that our income distributions, if any, are paid out from realized gains from our investments as opposed to capital.”
On currency movements Ai Mei adds, “We advise investors to be aware of how currency movements can impact their portfolio and to remain diversified across various currency exposures. For example, an investor could consider a 50:50 currency mix, where 50% of their portfolio is designed to take in currency translation exposure (eg. USD, AUD-perspective, etc.), whilst the remaining 50% is reserved for currency hedged exposures (i.e. RM exposure).”
“In recognition of our investors’ diverse needs and objectives, the funds across our product suite currently offers the broadest range of options in terms of currency classes. Our Select Series funds which are managed internally with an Asian-focused strategy comes in 4 different currencies (i.e. RM, USD, AUD, and SGD). Similarly, our World Series funds allow investors to tap into income opportunities across the globe, by relying on our investment partners’ expertise to provide consistent and stable returns across 7 different multi-currency class funds in the World Series,” said Ai Mei.