25th July 2008
Affin Fund Management Berhad declares distribution for Dana Islamiah Affin (DIA) for its financial year / period ended 30 June 2008. DIA investors enjoy a gross distribution of 6.05 sen per unit equivalent to a yield of 14.85% based on the Fund's ex-d NAV.
DIA outperformed its benchmark FTSE-Bursa Malaysia EMAS Shariah Index and average 3-Month Mudharabah rate quoted by Bank Islam Malaysia Berhad in the ratio of 60:40 (-3.99%) by 18.88% over the same period.
In April this year, Affin Fund Management Berhad declared a gross distribution of 8.00 sen per unit equivalent to a yield of 18.33% for its Affin Equity Fund (AEF) and a gross distribution of 2.00 sen per unit equivalent to a yield of 3.96% for its Affin Capital Fund (ACF) respectively.
Affin Fund Management Berhad's Chairman YBhg. Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal said "Dana Islamiah Affin is a balance fund that seeks to maximize total returns by providing investors with a combination of income and capital appreciation while reducing risk through diversified investments in Islamic equities listed on Bursa Malaysia and Islamic debt securities. It is suitable for investors who seek a portfolio of investments that complies with Shariah principles and are willing to accept moderate risk.
Affin Fund Management Berhad is a wholly owned subsidiary of Affin Investment Bank Berhad. AFMB is a licensed Fund Manager under the Capital Markets and Services Act 2007 with total assets of RM614 million as at 30th June 2008, under management comprises of in-house unit trust funds as well as corporate and retail discretionary clients.