KUALA LUMPUR (April 20): AmInvestment Bank Bhd subsidiary AmInvest has declared income distribution of about RM12 million for seven private retirement scheme (AmPRS) funds, encompassing conventional and syariah-compliant PRS offerings across various asset classes.

In a statement today, the fund manager said that over the last one year (as at Feb 10, 2021, the ex-date of AmPRS funds’ income distribution), AmPRS — Islamic Equity Fund provided a total return of around 33% and declared a 10 sen income distribution for the year, equivalent to a yield of 12%. AmPRS — Islamic Balanced Fund achieved a total return of 22% and gave out a six sen income distribution, equivalent to a 8% yield for the year. AmPRS — Conservative Fund gave out an eight sen income distribution, equivalent to a 13% yield for the year.

Over the last five years (as of Feb 10, 2021), AmPRS — Islamic Equity Fund and AmPRS — Islamic Balanced Fund posted annualised total returns of around 11% and 9% respectively. In addition, AmPRS — Asia Pacific REITs, AmPRS — Dynamic Sukuk and AmPRS — Conservative Fund gave five-year annualised returns of 6%, 5% and 5% respectively over the same period.

AmInvest chief executive officer (CEO) Goh Wee Peng said despite the challenging and uncertain market environment last year, the fund manager applied the appropriate investment strategies to its fund portfolios to capitalise on the market volatility.