Entries by Affin Hwang Asset Management

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, […]

Give Yourself a Mid-Year Financial Health Check

Flash Points:- • Review of budget may reveal wasteful expenditure • Start planning your taxes early to optimise reliefs & deductions • Consider tweaking your investment portfolio if allocation of asset-class has deviated from set target • Insurance coverage should be proportionate to wealth and needs of dependents Importance of Financial Reflection It’s hard to believe but we are already midway through 2017. For some, it’s that mid-point where we start reassessing our life goals, careers, and even New Year’s Resolutions to start losing weight and eat healthy. We start scheduling multiple doctor appointments to complete a myriad of tests, experiment with the latest food fads, start working out in the gym, etc. But, what about our own personal finances and overall financial well-being? The idea behind a financial health check-up, should not be a concept as alien as paying your own local GP a visit. But sadly, it is something most of us tend to neglect. Is Your Budget on Track? There is no better time than to start revisiting your monthly income and expenditure – specifically if they are on track and within what you initially budgeted for the year. If you happen to veer off course, don’t […]

Singapore REITS: More Long-Term Value

Flash Points:- • Yield spreads for S-REITs most attractive in region at 4.4% • Less impact seen from rising interest rates • Higher DPU growth potential for office, business parks and hospitality REITs Switching Gears, But Don’t Forget the Brakes Whilst, we are seeing a collective shift globally to a risk-on approach against expectations of higher earnings and a global economic recovery – investors should not neglect to also stack-up on defensive asset-classes, should markets come to an unruly end. Asian REITs are such possible defensive asset classes, particularly Singapore REITs (S-REITs) – as they continue to perform well and offer one of the most attractive yield spreads (Dividend Yield – 10Yr Bond Yield) at 4.4% in the region. More distribution per unit (DPU) upside is also seen from further asset rejuvenation projects, redevelopments and a consolidation theme in the industry. Limited Impact Seen From Rising Interest Rates In 2016, S-REITs outperformed the broader STI index, rallying by over 11% until Sept’16, as prior expectations for interest rate hikes were dialled back due to key risk events that occurred in 2016 like Brexit, a further correction in crude oil prices, and persistent negative interest rates in Europe and Japan. However, […]

Affin Hwang AM Declared Income Distributions of over RM100 mil for 20 Funds

KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) declared a total of RM106.65 million distributions for 20 funds. The income distributions were distributed across the Company’s close-ended fund, Select Series funds, Shariah-compliant funds, World Series funds as well as bond / fixed income funds. The income distribution are shown in the table below:   No. Fund Income Distribution Registered as at CLOSE-ENDED FUND 1. Affin Hwang Flexible Maturity Income Fund III (“FlexMIF III”) 4.6431 sen or RM0.046431 per Unit 1 June 2017 SELECT SERIES FUND 2. Affin Hwang Select Balanced Fund (“SBalF”) 1.0000 sen or RM0.01 per Unit 9 June 2017 3. Affin Hwang Select Bond Fund (MYR Class) (“SBoF”) 0.5000 sen or RM0.005 per Unit 9 June 2017 Affin Hwang Select Bond Fund (USD Hedged-class) (“SBoF”) 0.2000 cents or USD0.002 per Unit 9 June 2017 4. Affin Hwang Select Dividend Fund (“SDF”) 1.000 sen or RM0.01 per Unit 19 June 2017 5. Affin Hwang Select Income Fund (“SIF”) 0.5000 sen or RM0.005 per Unit 9 June 2017 6. Affin Hwang Select Opportunity Fund (“SOF”) 5.0000 sen or RM0.05 per Unit 9 June 2017 7. Affin Hwang Select Asia Pacific (ex Japan) Balanced Fund […]

Will Trump Be Impeached?

Shock and Awe at the White House Four months into office, US President Donald Trump has said and done a lot of things Some more baffling than others, but never devoid of the shock value that has coloured his presidency, keeping both the media and market observers on edge. However, his most damaging act had come from his recent decision to fire FBI President James Comey, as well as latest allegations that Trump was also responsible for leaking classified information to Russian officials during a White House briefing. Although any concrete evidence is absent at this point, many are speculating that Trump’s decision to fire Comey was an attempt to halt FBI investigations into Russia’s possible interference in the US elections. Trump’s critics have railed against his actions and have called for his impeachment. But just how likely is this to happen and its implications to markets? Impeachment Explained To impeach a president is to remove a sitting president from office, stripping away one’s powers and be officially declared unfit to serve Under the US Constitution, a president can be impeached specifically under two charges, i.e. treason and bribery. The Constitution also contains a broader clause to remove a president […]

Affin Hwang Investment Forum 2017

KUALA LUMPUR – Running for its third consecutive year, Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) has successfully hosted its annual investment forum for the year 2017, titled ‘Navigating through a Changing World’. The Forum took place on the 20th May, Saturday at Sime Darby Convention Centre, Mont Kiara and was well received with more than 650 participants eager to gain insights into the investment landscape against increasingly fluid developments in the markets. Joined by our investment partners, the forum featured prominent speakers including: Eric Mueller, Director, Multi-Asset Strategist of BlackRock Wang Yu-Ming, Deputy President, Global Head of Investment & CIO – International of Nikko Asset Management Mallika Sachdeva, FX Strategist of Deutsche Bank; and Teng Chee Wai, Managing Director of Affin Hwang AM On the local investment-front, Teng Chee Wai, Managing Director of Affin Hwang AM said that markets are bracing for a pre-election rally in the country, as the cheaper Ringgit becomes more attractive to foreign funds as well, drawing more inflows. Teng also adds that the worst may be over for banking and property-related counters, as both sectors look poised for a turnaround after recent lacklustre performances, driven by increasingly attractive valuations and […]

China Beckons: One-Belt-One-Road (OBOR) Summit

OBOR to Export Overcapacity and Improve Relations As China prepares to host its inaugural One-Belt-One-Road (OBOR) summit on 14-15 May in Beijing, global leaders are bracing for a more outward-looking China that is ready to expound upon its influence and increase regional co-operation. The forum will see leaders and heads-of-states from 28 different countries, as well as more than 1,200 industry experts and business leaders from across the region attending. First mooted by Chinese President Xi Jinping in 2013, the initiative has a collective aim to spearhead trade & economic integration across Asia, Europe and Africa – creating a revamped version of a Modern Silk Road. Approved funding for OBOR projects from the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund (SRF) totaled RMB 11.8 billion (USD$ 1.71b) and RMB 23.5 billion (USD$ 3.4b) respectively since 2015. As of Feb’17, China has built 56 Economic Co-operation Zones (ECZ) in 20 OBOR nations with a cumulative investment of USD 18.5 billion and generate on average 4,500 jobs per ECZ. Xi’s OBOR initiative will enable China to export some of its overcapacity while advancing relations with participating countries. Warming US-China Relations We are also witnessing a new era of close […]