Affin Hwang Asset Management Expands Branch Network: Opens New Sales Office In Petaling Jaya

PETALING JAYA – Affin Hwang Asset Management Berhad (formerly known as Hwang Investment Management Berhad) (“Affin Hwang AM” or the “Company”), opened their eighth sales office in Petaling Jaya today as part of the Company’s long-term network expansion planning to meet the increasing demand for asset and wealth management products and services, especially from the mass affluent to the high net worth individuals.

The new sales office is located at A-7-G Jaya One, No. 72A, Jalan Universiti, Petaling Jaya will give the local community an easy access to a comprehensive range of conventional and Shariah-compliant investment solutions and services such as unit trust funds, wholesale funds, structured investments and private retirement schemes. Additionally, it is worth noting that investors in Affin Hwang AM funds may also qualify for wealth protection & distribution services provided by Affin Hwang AM’s partners, AXA-AFFIN Life Insurance Berhad and Pacific Trustees Berhad at the new sales office.

“Our aim is to further reach out to meet the needs of the mass affluent and high net worth segment of clients that are seeking to grow their wealth and build their retirement funds leveraging on our asset management capabilities. With the new branch, our clients can look forward to increase engagement and accessibility in the Klang Valley region where the vast majority of the mass affluent are,” said Teng Chee Wai, Managing Director of Affin Hwang AM.

He continued, “Our key focus in the firm is to continuously place clients at the forefront of our business objective by delivering consistent positive total returns to all our investors.” Affin

Hwang AM’s flagship mixed asset fund, Affin Hwang Select Income Fund (“SIF”) was named Best Mixed Asset MYR Conservative Fund, over 5 years by The Edge | Lipper Malaysia Fund Awards 2015 and Best MYR Allocation Fund by Morningstar Fund Awards 2015. SIF has delivered 122.39%1 since inception and 4.68%1 year-to-date, with a low 3-year volatility rate of 3.391. In addition, its wholly-owned subsidiary company, Asian Islamic Investment Management Sdn. Bhd. was awarded Best Islamic Product by Asia Asset Management 2014 Best of the Best Awards.

Teng added, “I believe we have the right products and right people to grow the business. Personally I believe in focus and doing things right, rather than to spread ourselves thin running after every opportunity that presents itself. The business should be successful and profitable to ensure we can continue to attract and retain the best talents in the industry.”

As of 31 March 2015, the total asset under management (“AUM”), comprising in-house unit trust funds as well as corporate and discretionary portfolios stood at approximately RM 31.2 billion (combined AUM of Affin Hwang AM and its wholly-owned subsidiary, Asian Islamic Investment Management). The Company target is to grow the total AUM to RM50 billion by
2018.

To-date, the Company manages over 550 private mandates (individuals and corporates) and has a stable of 73 funds (of which 40 are unit trust funds and 33 are wholesale funds). Additionally, the Company also offers four (4) Private Retirement Schemes funds to cater for individuals retirement needs.

– End of Press Release –

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