Affin Hwang AM Announces Income Distribution for PRS Funds

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) declared its sixth income distribution for Affin Hwang Private Retirement Funds (“PRS”) Solutions since its launch in 2012. These comprises of four PRS funds, including the Affin Hwang PRS Growth Fund, Affin Hwang PRS Moderate Fund, Affin Hwang PRS Conservative Fund and Affin Hwang Aiiman PRS Shariah Growth Fund.

The income distribution of the funds are shown in the table below:

No. Fund Income Distribution Registered as at Annualised  return since inception (%)*
CORE FUND
1. Affin Hwang PRS Growth Fund 1.0000 sen or RM0.01 per Unit 24 July 2017 7.9
2. Affin Hwang PRS Moderate Fund 1.0000 sen or RM0.01 per Unit 24 July 2017 7.2
3. Affin Hwang PRS Conservative Fund 1.0000 sen or RM0.01 per Unit 24 July 2017 4.0
NON-CORE FUND
4. Affin Hwang Aiiman PRS Shariah Growth Fund 1.0000 sen or RM0.01 per Unit 24 July 2017 7.3

*Source: Lipper as at 30 June 2017

Unit Holders for the PRS funds mentioned above who are registered as at the respective dates are eligible to receive the income allotment.

Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “The income distributions reflects our ongoing commitment to deliver positive returns to investors and address their retirement and income needs.”

Ai Mei said, “We maintain our overall fund positioning moving into the 3rd quarter, optimistic that the funds have sufficient diversification exposure that is optimal for a retirement fund to preserve capital and take less risks.”

On addressing the retirement needs of investors, Ai Mei adds, “The harsh reality confronting most Malaysians is that they are trying to cope to make ends meet, and are only thinking about their present and immediate income needs. But investors, especially young working adults can start small and make use of existing incentives such as the PRS Youth Incentive to complement their existing retirement savings.”

“It may seem counter-intuitive for those in their mid-20s to already start thinking about their retirement, but time is of the essence and the sooner you start the better. Also, do not underestimate the power of compounding, whereby you can earn returns upon your returns, by reinvesting your income back into your investments and receive additional units. Any investor can make use of this financial truism, the trick is to start early,” said Ai Mei.

– End of Press Release –

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