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Affin Hwang AM Declares Income Distribution of RM94 million for 18 Funds
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KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) has declared a total of RM94.88 million distributions for 18 funds in March 2020. The income distributions were distributed across the Company’s retail and wholesale funds.

Chan Ai Mei, Chief Marketing & Distribution Officer of Affin Hwang AM said, “The latest round of income distribution spans across our Select and World Series Funds that provides vast income opportunities across the globe in a multitude of currency classes. This is especially as investors become more globally diversified in terms of exposure and seek to build multi-currency portfolios.”

“As we enter the 2Q’2020, we remain confident that our portfolios are well positioned to weather through the volatility ahead. We see value emerging given that markets have corrected by quite a fair bit with equity benchmark gauges down by over 20% YTD. With markets expected to stay volatile, we advise investors to stay disciplined in this period and stick to their asset allocation plan. It is recommended that investors average-in and stagger their investments into different tranches to ease their way into the market,” Ai Mei said.

The income distributions for the Select Series and World Series Funds are shown in the table below:
No.
Fund
Income Distribution (sen/cent per unit)
1.
Affin Hwang Select Bond Fund (MYR Class) (“SBoF”)
0.50

Affin Hwang Select Bond Fund (USD-Hedged Class)
0.50
2.Affin Hwang Select Income Fund (“SIF”)
0.75
3.Affin Hwang Select AUD Income Fund (MYR Class) (“SAUDIF”)
0.50

Affin Hwang Select AUD Income Fund (AUD Class)
0.50
4.Affin Hwang Select SGD Income Fund (MYR Class) (“SGDIF”)
0.25

Affin Hwang Select SGD Income Fund (SGD Class)
0.25
5.Affin Hwang World Series – Dividend Value Fund (MYR Class) (“WS-DVF”)
0.50

Affin Hwang World Series – Dividend Value Fund (USD Class)
0.50

Affin Hwang World Series – Dividend Value Fund (AUD Class)
0.50

Affin Hwang World Series – Dividend Value Fund (SGD Class)
0.50
6.Affin Hwang World Series – US Short Duration High Income Fund (MYR Class) (“WS-SDHIF”)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (USD Class)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (MYR-Hedged Class)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (SGD Hedged Class)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (AUD Hedged Class)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (EUR Hedged Class)
0.17

Affin Hwang World Series – US Short Duration High Income Fund (GBP Hedged Class)
0.17
7.Affin Hwang World Series – Global Income Fund (USD Class) (“WS-GIF”)
0.17

Affin Hwang World Series – Global Income Fund (MYR Class)
0.17

Affin Hwang World Series – Global Income Fund (AUD Hedged Class)
0.17

Affin Hwang World Series – Global Income Fund (EUR Hedged Class)
0.17

Affin Hwang World Series – Global Income Fund (GBP Hedged Class)
0.15

Affin Hwang World Series – Global Income Fund (MYR Hedged Class)
0.17

Affin Hwang World Series – Global Income Fund (SGD Hedged Class)
0.17
8.Affin Hwang World Series – China Allocation Opportunity Fund (MYR) (“WS-CAO”)
0.25

Affin Hwang World Series – China Allocation Opportunity Fund (SGD-Hedged Class)
0.25
9.Affin Hwang World Series – Emerging Markets Short Duration Fund (AUD Hedged Class) (“WS-ESDF”)
0.25

Affin Hwang World Series – Emerging Markets Short Duration Fund (RMB-Hedged Class)
0.25

Affin Hwang World Series – Emerging Markets Short Duration Fund (MYR Class)
0.18

Affin Hwang World Series – Emerging Markets Short Duration Fund (MYR Hedged Class)
0.25

Affin Hwang World Series – Emerging Markets Short Duration Fund (SGD Hedged Class)
0.25

Affin Hwang World Series – Emerging Markets Short Duration Fund (USD Class)
0.25
As at 31 March 2020, the total group assets under administration (AUA) of the company stood at RM55.30 billion.

– End of Press Release –
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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.
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