Affin Hwang AM Declares Income Distribution of RM116 million for 20 Funds

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KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) has declared a total of RM116.77 million distributions for 20 funds in December. The income distributions were distributed across the Company’s retail and wholesale funds. Inclusive of this latest round of income distribution, the total payout amounted to RM372.97 million for the full calendar year 2018.

The income distributions for the Select Series and World Series Funds are shown in the table below:


No.	Fund	Income Distribution
1.	Affin Hwang Select Dividend Fund (“SDF”)	1.00 sen per unit
2.	Affin Hwang Aiiman Select Income Fund (“ASIF”)	1.50 sen per unit
3.	Affin Hwang Select Asia Pacific (ex Japan) Dividend Fund (“SAPDF”)	1.50 sen per unit
4.	Affin Hwang Select AUD Income Fund (AUD Class) (“SAUDIF”)	0.50 cent per unit (AUD)
	Affin Hwang Select AUD Income Fund (MYR Class) (“SAUDIF”)	1.00 sen per unit
5.	Affin Hwang Select Balanced Fund (“SBalF”)	2.00 sen per unit
6.	Affin Hwang Select Bond Fund (MYR Class) (“SBoF”)	1.00 sen per unit
	Affin Hwang Select Bond Fund (USD-Hedged Class) (“SBoF”)	1.50 cent (USD)
7.	Affin Hwang Select Income Fund (“SIF”)	1.00 sen per unit
8.	Affin Hwang Select SGD Income Fund (MYR Class) (“SGDIF”)	1.25 sen per unit
	Affin Hwang Select SGD Income Fund (SGD Class) (“SGDIF”)	1.00 cent per unit (SGD)
9.	Affin Hwang World Series – Dividend Value Fund (AUD Class) (“WS-DVF”)	0.50 cent per unit (AUD)
	Affin Hwang World Series – Dividend Value Fund (MYR Class) (“WS-DVF”)	0.50 sen per unit
	Affin Hwang World Series – Dividend Value Fund (SGD Class) (“WS-DVF”)	0.50 cent per unit (SGD)
	Affin Hwang World Series – Dividend Value Fund (USD Class) (“WS-DVF”)	0.50 cent per unit (USD)
10.	Affin Hwang World Series – Global Income Fund (MYR Class) (“WS-GIF”)	0.10 sen per unit
	Affin Hwang World Series – Global Income Fund (USD Class) (“WS-GIF”)	0.10 cent per unit (USD)
	Affin Hwang World Series – Global Income Fund (GBP-Hedged Class) (“WS-GIF”)	0.25 cent per unit (GBP)
	Affin Hwang World Series – Global Income Fund (MYR-Hedged Class) (“WS-GIF”)	0.25 sen per unit
11.	Affin Hwang World Series – US Short Duration High Income Fund (MYR Class) (“WS-SDHIF”)	0.10 sen per unit
	Affin Hwang World Series – US Short Duration High Income Fund (USD Class) (“WS-SDHIF”)	0.10 cent per unit (USD)
	Affin Hwang World Series – US Short Duration High Income Fund (GBP Hedged Class) (“WS-SDHIF”)	0.25 cent per unit (GBP)
	Affin Hwang World Series – US Short Duration High Income Fund (MYR-Hedged Class) (“WS-SDHIF”)	0.25 sen per unit
	Affin Hwang World Series – US Short Duration High Income Fund (SGD-Hedged Class) (“WS-SDHIF”)	0.25 cent per unit (SGD)

Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “As we enter 2019, we remain confident that our portfolios are well positioned to weather the volatility ahead. Whilst, the market faces some headwinds from the ongoing US-China trade war and slower growth, we do see opportunities to bargain-hunt as valuations have become more attractive in certain market segments.”

“There could be a return of foreign fund flows to emerging markets amidst growing consensus of an earlier pause to the US rate hike cycle and the dollar strength now tapering off, as current investor positioning has been light with lots of money at the side-lines. We advise investors to keep perspective and take the opportunity to build their positions for the long-term through a diversified portfolio capable of enduring all types of market cycles.”

– End of Press Release –

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AHAM Asset Management Berhad is an independently-managed, institutionally-owned asset management ﬁrm. Since its formation in 2001, AHAM Capital has served the wealth needs of corporates, institutions, pension funds, government-linked companies, high net worth individuals and the mass affluent.

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TENG CHEE WAI

Managing Director

Teng Chee Wai is the founder of Affin Hwang Asset Management Berhad (Affin Hwang AM). Over the past decade, he has built the Company to be the fastest growing and only independent investment management house in Malaysia’s top three, with an excess of RM47 billion in assets under management as at 31 December 2018.

In his capacity as Managing Director / Executive Director, Teng manages the overall business and strategic direction as well as the management of the investment team. His hands-on approach sees him actively involved in investments, product development and marketing. Teng’s critical leadership and regular participation in reviewing and assessing strategies and performance has been pivotal in allowing the Company to successfully navigate the economically turbulent decade.

Teng’s investment management experience spans more than 20 years, and his key area of expertise is in managing absolute return mandates for insurance assets and investment-linked funds in both Singapore and Malaysia. Prior to his current appointments, he was the Assistant General Manager (Investment) of Overseas Assurance Corporation (OAC) and was responsible for the investment function of the Group Overseas Assurance Corporation Ltd.

Teng began his career in the financial industry as an Investment Manager with NTUC Income, Singapore. He is a Bachelor of Science graduate from the National University of Singapore and has a Post-Graduate Diploma in Actuarial Studies from City University in London.