Affin Hwang Asset Management has declared RM94.88 million distributions for 18 funds in March 2020.
Affin Hwang Asset Management Berhad has declared a total of RM94.88 mil distributions for 18 funds in March 2020. The income distributions were distributed across the Company’s retail and wholesale funds.
Affin Hwang AM Chief Marketing & Distribution Officer Chan Ai Mei said, “The latest round of income distribution spans across our Select and World Series Funds that provides vast income opportunities across the globe in a multitude of currency classes. This is especially as investors become more globally diversified in terms of exposure and seek to build multi-currency portfolios.”
“As we enter the 2Q’2020, we remain confident that our portfolios are well positioned to weather through the volatility ahead. We see value emerging given that markets have corrected by quite a fair bit with equity benchmark gauges down by over 20% YTD. With markets expected to stay volatile, we advise investors to stay disciplined in this period and stick to their asset allocation plan. It is recommended that investors average-in and stagger their investments into different tranches to ease their way into the market,” Chan said.
The income distributions for the Select Series and World Series Funds are shown in the table below:
As at 31 March 2020, the total group assets under administration (AUA) of the company stood at RM55.30 billion.