RETAIL FUNDS | Cesar Tordesillas, Malaysia

AmInvestment to launch 3 funds in 6 months

AmInvestment will increase the numbers of funds from 72 to 75 over the next six months with new
equity and fixed income funds.

Head of Institutional Unit Trust Advisors, Fund Management, Wendy Wong Huey Yen said that the group has added 10 funds this year.

She said of this, RM5 billion is in equities, with RM120 million in real estate investment trusts.Wong said the new funds will be about 100 to 200 million units in terms of initial fund size.

"We now have a total of 72 funds of which 50 per cent are in-house managed. The total assets under management is currently at RM30.13 billion," she told a media briefing here today.

Meanwhile, commenting on the performance of the company's Asia Pacific REITs, its Chief Investment Officer, Equity, Asset Allocation, Funds Management Andrew Wong said it had been quite good with the fund appreciating 20.8 per cent in terms of returns.

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