KUALA LUMPUR: AmInvest has been declared Malaysia’s Best Pension Fund Manager for the second consecutive year by Asia Asset Management magazine at its 2020 Best of the Best Awards, according to an AmInvest statement.
The awards recognise the most outstanding players in the funds management business in Asia, and Asia Asset Management had assessed AmInvest over three-year and five-year periods on how it has managed its domestic pension mandates and its private retirement scheme (AmPRS) funds, the size of these mandates and returns against relevant benchmarks, as well as investor education initiatives undertaken, it said.
AmBank Group group CEO Datuk Sulaiman Mohd Tahir said, “We have been managing funds for 39 years now, and our team’s ability to identify investment opportunities in an ever-changing market environment has been key in helping our investors to grow their retirement portfolios.”
AmInvest’s pension business has been on an upward trend throughout the years. Over the last five years as at December 2019, AmInvest’s pension mandates and AmPRS funds’ assets under management grew by 28% or around RM3.1 bil.
“We offer one of the most diverse range of retirement solutions in the market in terms of asset classes comprising nine AmPRS funds for Malaysian investors to choose from according to their respective retirement needs, goals and risk tolerance.
AmInvestment Bank Bhd CEO Seohan Soo said, “We are also the only private retirement scheme provider in the country to offer unique AmPRS non-core fund offerings, namely two bond funds, AmPRS-Tactical Bond and AmPRS-Dynamic# Sukuk which is a Shariah-compliant fund.”
Asia Asset Management is a publication based in Hong Kong which provides news on the Asian asset management industry. – April 15, 2020, Bernama
