Affin Hwang AM Records Strongest AUA Growth in 2020 Since Inception as it Enters 20th Year Milestone
KUALA LUMPUR – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or “the Company”) announced today that the total assets under administration (AUA) of the company rose 26% from RM58 billion at the start of 2020 to close the year at RM73 billion (as at 31 December 2020). The total AUA represents the combined growth of both Affin Hwang AM as well as its wholly-owned Islamic fund management arm AIIMAN Asset Management.

The recorded growth was the company’s strongest AUA expansion since its inception in 2001 buoyed by steady inflows into its unit trust funds as investors seek better returns in a low interest rate environment. For the year ended 2020, the company had declared a total income distribution of RM1.16bil across its retail and wholesale funds.

By staying firmly rooted in its core values to help clients achieve their financial goals, the company has grown strength to strength alongside its clients who have placed their hard-earned trust in the company. This has been a key pillar of success of the company’s growth over the years.

As the company enters its 20th milestone this year, the company will continue to focus on delivering value to its clients as well as driving innovation. Client experience remains embedded as a strategic pillar of the company’s initiatives as it seeks to grow and deepen relationships further. Technology and innovation will be key enabler in doing so as the company embarks on a string of digital initiatives aimed at future-proofing its business. 

The company had just recently unveiled its first mobile application app, i.e. Allocate Plus back in January which provide users an easy access to start their investment journey with a smaller initial outlay of just RM50. Through the app, users will be able to perform functions such as opening a new investment account, top-up their investment portfolio, redeem their investments, as well as switch between the funds offered.

Throughout 2020, the company had maintained a strong pipeline of product launches including 23 new funds which span different strategies and market exposure to help clients diversify in a low interest rate environment. To bolster its passive offerings, the Group also launched 2 smart beta exchange traded funds (“ETF”) that were listed on the Main Market of Bursa.

Moving forward, the company will strive to continuously enhance its offerings by bringing a holistic approach towards asset and wealth management. In anticipation of a broader economic recovery supported by accommodative policies and global vaccine rollouts, the company is cautiously optimistic on the outlook for markets as it continues to monitor liquidity indicators as well as the progress of the inoculation.

– End of Press Release –

Lee Sheung Un | [email protected] | +603 2117 6592
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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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