Affin Hwang AM Declares Income Distributions for 10 Funds – Addresses Currency Exposure of Investors

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) has declared a total of RM50.88 million distributions for 10 funds. These funds span across 5 different multi-currency class funds, providing investors with options to invest in their preferred currency. The income distributions were distributed across the Company’s retail and wholesale funds.

The income distributions are shown in the table below:

No. Fund Income Distribution
RETAIL SHARIAH-COMPLIANT FUND
1. Affin Hwang Aiiman Income Plus Fund (“AIPF”) 0.4000 sen or RM0.004 per Unit
RETAIL CONVENTIONAL FUND
2. Affin Hwang Bond Fund (“AHBF”) 0.5000 sen or RM0.005 per Unit
3. Affin Hwang Select AUD Income Fund (AUD Class) (“SAUDIF”) 0.5000 cent or AUD0.005 per Unit
Affin Hwang Select AUD Income Fund (MYR Class) (“SAUDIF”) 0.5000 sen or RM0.005 per Unit
4. Affin Hwang Select Bond Fund (MYR Class) (“SBoF”) 0.5000 sen or RM0.005 per Unit
Affin Hwang Select Bond Fund (USD Hedged-class) (“SBoF”) 0.2000 cent or USD0.002 per Unit
5. Affin Hwang Select Income Fund (“SIF”) 0.5000 sen or RM0.005 per Unit
6. Affin Hwang Select SGD Income Fund (MYR Class) (“SSGDIF”) 0.2500 sen or RM0.0025 per Unit
Affin Hwang Select SGD Income Fund (SGD Class) (“SSGDIF”) 0.2500 cent or SGD0.0025 per Unit
WHOLESALE CONVENTIONAL FUND
7. Affin Hwang Asia Bond Fund (“AHABF”) 0.5000 sen or RM0.005 per Unit
8. Affin Hwang Income Fund I (“AHIF I”) 0.8000 sen or RM0.008 per Unit
9. Affin Hwang World Series – Dividend Value Fund (AUD Class) (“WS-DVF”) 0.1000 cent or AUD0.001 per Unit
Affin Hwang World Series – Dividend Value Fund (RM Class) (“WS-DVF”) 0.1000 sen or RM0.001 per Unit
Affin Hwang World Series – Dividend Value Fund (SGD Class) (“WS-DVF”) 0.1000 cent or SGD0.001 per Unit
Affin Hwang World Series – Dividend Value Fund (USD Class) (“WS-DVF”) 0.1000 cent or USD0.001 per Unit
10. Affin Hwang World Series – Global Income Fund (AUD Hedged-class) (“WS-GIF”) 0.2500 cent or AUD0.0025 per Unit
Affin Hwang World Series – Global Income Fund (GBP Hedged-class) (“WS-GIF”) 0.2500 cent or GBP0.0025 per Unit
Affin Hwang World Series – Global Income Fund (RM Class) (“WS-GIF”) 0.2500 sen or RM0.0025 per Unit
Affin Hwang World Series – Global Income Fund (RM Hedged-class) (“WS-GIF”) 0.2500 sen or RM0.0025 per Unit
Affin Hwang World Series – Global Income Fund (SGD Hedged-class) (“WS-GIF”) 0.2500 cent or SGD0.0025 per Unit
Affin Hwang World Series – Global Income Fund (USD Class) (“WS-GIF”) 0.500 cent or USD0.0025 per Unit

Unit Holders for the funds mentioned above who are registered as at 15 September 2017 are eligible to receive the income allotment.

Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “We are committed in upholding our pledge to deliver absolute returns, whilst maintaining a disciplined approach with regards to our distribution policy by ensuring that our income distributions, if any, are paid out from realized gains from our investments as opposed to capital.”

On currency movements Ai Mei adds, “We advise investors to be aware of how currency movements can impact their portfolio and to remain diversified across various currency exposures. For example, an investor could consider a 50:50 currency mix, where 50% of their portfolio is designed to take in currency translation exposure (eg. USD, AUD-perspective, etc.), whilst the remaining 50% is reserved for currency hedged exposures (i.e. RM exposure).”

“In recognition of our investors’ diverse needs and objectives, the funds across our product suite currently offers the broadest range of options in terms of currency classes. Our Select Series funds which are managed internally with an Asian-focused strategy comes in 4 different currencies (i.e. RM, USD, AUD, and SGD). Similarly, our World Series funds allow investors to tap into income opportunities across the globe, by relying on our investment partners’ expertise to provide consistent and stable returns across 7 different multi-currency class funds in the World Series,” said Ai Mei.

– End of Press Release –

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