AmInvest named Malaysia’s best fund management

by HARIZAH KAMEL / pic by MUHD AMIN NAHARUL

AMINVESTMENT Bank Bhd (AmInvest) is having a positive start to the year by winning the Best Investment Management Company Malaysia Award at the World Finance Investment Management Awards 2020 recently.

AmBank Group CEO Datuk Sulaiman Mohd Tahir (picture) said being singled out as the best fund management house in Malaysia is encouraging amid the tough time which the world is currently going through.

“We have been managing funds for 40 years now. This award is a testament to the expertise and capabilities of our people in growing our clients’ investments despite the challenging market environment.

“AmInvest’s business has been on an upward trajectory in terms of the growth of assets under management (AUM). Over the past year, as at December 2020, AmInvest’s total AUM grew by 13% to a record high of around RM50 billion,” he said in a statement yesterday.

AmInvest was the recipient of the award for seven consecutive years from 2012 to 2018 and was commended based on a number of criteria including performance, service, leadership, consistency, targets and objectives.

Commenting on the market moving forward, AmInvest CEO Goh Wee Peng said they expect global economies to see a firmer recovery in 2021 assuming the availability and effectiveness of the vaccine are within projections.

“We maintain a balanced view of both equity and fixed income markets for this year. Prospects for an economic recovery along with upward corporate earnings revision should be supportive of a sustained equity market performance,” she added.

AmInvest manages assets encompassing unit trust funds, wholesale funds, institutional mandates, exchange-traded funds and private retirement schemes.

Its fund offerings include both conventional and Shariah-compliant investment solutions and foreign and local investments across all asset classes.

The organiser for the annual awards, World Finance, is based in the UK and provides coverage and analyses of the financial industry. It is published by World News Media.