This article first appeared in The Edge Financial Daily on July 7, 2017

KUALA LUMPUR: AmInvest announced yesterday that three of its unit trust funds have been shortlisted in Fundsupermart.com’s Recommended Unit Trust List for 2017/2018.

It said its Commodities Equity, a syariah-compliant fund, emerged top as the most recommended under the Sector Equity-Global Resources category for the fifth time.

Meanwhile, its AmIncome Plus and AmDynamic# Bond were selected as the most recommended under the Fixed Income-Malaysia (Short Duration) and Fixed Income-Malaysia with Foreign Exposure categories, for the fourth and second time respectively.

Commodities Equity, said AmInvest, is a global equity feeder fund that seeks to provide long-term capital growth by investing in its Target Fund, Amundi Islamic Global Resources, which invests in syariah-compliant global commodity related securities.

“The fund generated returns of 10.28% for a one-year period as at its review period of March 2017,” it said.

AmIncome Plus, on the other hand, invests primarily in short- to medium-term fixed income instruments to provide enhanced returns. “During the course of review, the fund generated a return of 3.45% for the past one year as at March 2017,” noted AmInvest.

And last but not least, AmDynamic# Bond, which invests in debt securities including high-yielding lower-rated private debt securities and convertible bonds, clocked a return of 5.16% in the last one year to March 2017.