14th May 2008
Affin Fund Management Berhad declares distributions for two of its funds. The gross distributions declared are for financial year / period ended 30 April 2008:
AEF outperformed its benchmark KLCI by 23.02% (KLCI's return -4.69%) while ACF's return is 0.26% above its benchmark Maybank's 12-month fixed deposit rate (3.7%) over the same period.
Affin Fund Management Berhad's Chairman YBhg. Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal said "Affin Equity Fund is an equity fund that seeks to maximize total returns by providing investors with a combination of income while reducing risk through diversified investment mainly in equities listed on Bursa Malaysia and short term money market instruments. It is suitable for investors who are willing to accept higher risks in anticipation of higher returns and do not expect regular distribution."
"As for Affin Capital Fund, it is a bond fund which aims to achieve steady capital growth at a rate better than average deposits rates over a long-term period by investing in a wide portfolio of authorized securities and other investment. The fund is ideal for investors who prefer only conservative and moderate risk," added YBhg. Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal.
Affin Fund Management Berhad (formerly known as Affin Fund Management Sdn Bhd) is a wholly owned subsidiary of Affin Investment Bank Berhad. AFMB is a licensed Fund Manager under the Capital Markets and Services Act 2007. The total assets of RM647 million (as at 30th April 2008) under management comprise in-house unit trust funds as well as corporate and retail discretionary clients. The other two funds managed by AFMB are Dana Islamiah Affin and Affin Islamic Equity Fund.