Affin Hwang AM Claims Compliance with GIPS

KUALA LUMPUR – Affin Hwang Asset Management (“Affin Hwang AM” or “the Company”), a Kuala Lumpur-based investment management firm, which manages more than RM43 billion, announced today that it is one of the first among local and foreign asset managers to claim compliance with the Global Investment Performance Standards (GIPS®) and has been independently verified by ACA Compliance Group for the period of 1 January 2010 through 31 December 2016.

The GIPS® standards are a rigorous set of investment performance measurement standards adopted in 37 countries and recognised around the world for their unparalleled credibility, integrity, scope, and uniformity, enabling direct comparability of a firm’s track record. There are currently more than 1,600 firms worldwide that are claiming compliance with the GIPS® standards.

“Our value proposition to investors has always centred around being investment-led and client-focused. Trust is fundamental in our relationship with investors. Claiming GIPS compliance enables us to present our firm’s capabilities with integrity and transparency. We are quite fortunate that we are a relatively ‘young’ fund manager. I started the firm in 2001 and we have the infrastructure in place to capture all discretionary funds/mandates in at least one composite, starting from our first mandate and retail trust in 2001.” said Teng Chee Wai, Managing Director.

“GIPS compliance provides a universal language for investment performance comparability. Alpha (outperformance) is alpha, anywhere we go and to any investors we market to” said Puah Ser Sze, CFA, Head, Client Development and Relationship.

To receive a list of composite descriptions and a presentation that complies with the GIPS® standards, please email to GIPS@affinhwangam.com.

 

About the GIPS® Standards

Introduced in 1999, the GIPS® standards are universal, voluntary standards to be used by investment managers for quantifying and presenting investment performance that ensure fair representation, full disclosure and apples-to-apples comparisons. The mission is to promote ethics and integrity and instill trust through the use of the GIPS® standards by achieving universal demand for compliance by asset owners, adoption by asset managers and support from regulators for the ultimate benefit of the global investment community.

The GIPS® standards were created and are administered by the CFA Institute, the global, not-for-profit association of investment professionals that awards the Chartered Financial Analyst (CFA) and Certificate in Investment Performance Measurement (CIPM) designations. For more information, please visit www.gipsstandards.org.

 

About Affin Hwang Asset Management Berhad

Affin Hwang AM (formerly known as Hwang Investment Management Bhd) was incorporated in Malaysia on 2 May 1997 under the Companies Act 1965 and began its operations under the name Hwang-DBS Unit Trust Berhad in 2001. In early 2014, Affin Hwang AM was acquired by the Affin Banking Group. Affin Hwang AM is also 30% owned by Nikko Asset Management Asia, a wholly-owned subsidiary of Tokyo-based Nikko Asset Management Co. Ltd.

AIIMAN Asset Management Sdn Bhd (AIIMAN) (formerly known as Asian Islamic Investment Management Sdn. Bhd.) was licensed by the Securities Commission to undertake the regulated activity of Islamic fund management on 17 November 2008 and is a wholly owned subsidiary of Affin Hwang AM and a member of the Affin Hwang Investment Banking Group.

Affin Hwang AM is a registered Capital Markets Services License (CMSL) holder for fund management. The firm services both retail and institutional clients.

 

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