AmInvest has scooped up three fund management awards, namely, Best Pension Fund Manager (for the third consecutive year), Best Institutional House and Best Bond Manager for Malaysia awards at Asia Asset Management’s Best of the Best Awards 2021. The Awards recognise the most outstanding fund management players for their excellence in managing investments in the Asia-Pacific region.
“To receive these acknowledgements is a huge honour for us as it is a testament to our 40 years’ experience in managing funds and highlights the expertise, as well as, the capabilities of our people,” said Dato’ Sulaiman Mohd Tahir, group chief executive officer of AmBank Group, adding that the group currently manages around RM48 bil of assets.
As Malaysia’s Best Pension Fund Manager, AmInvest was commended for registering the best returns for its domestic pension mandates and its Private Retirement Scheme funds against relevant benchmarks, and the size of these mandates over three-year and five-year periods. Over the last three years (as at March 2021), AmPRS-Islamic Equity Fund and AmPRS-Islamic Balanced Fund were ranked among the top five best performing PRS funds in the market with total returns of 38.0% and 33.5% respectively, or annualised returns of 11.3% and 10.1% accordingly.
The Best Institutional House, Malaysia award recognised AmInvest for its performance on market share, client retention, new business won, stability of the senior management team, new initiatives, thought leadership and growth of institutional assets over three years.
In addition, AmInvest was lauded for its best investment and research process, navigation of the local market conditions, value add to clients and performance and size of its bond assets over one-year and three-year periods under the Best Bond Manager, Malaysia category.
“Our team’s ability to apply appropriate investment strategies in order to capitalise on the best investment opportunities was instrumental in cushioning the impact to our investors’ investment portfolios during the volatile market conditions throughout 2020,” said Goh Wee Peng, chief executive officer of AmInvest.
“AmInvest’s AUM growth has been on an uptrend throughout the years with growth of AUM in pension mandates and AmPRS funds, institutional mandates and bond investments by 24%, 28% and 41% respectively over the past three years (as at March 2021). We would like to express our gratitude to our investors for their continued trust in our capabilities to be their investment partner of choice.”