KUALA LUMPUR (Aug 4): AmInvest has bagged three fund management awards, namely Malaysia’s Best Overall Asset & Fund Manager for the second consecutive year and Malaysia’s Best Asset Manager for Fixed Income Funds at Alpha Southeast Asia's 11th Fund Management Awards 2020 (Alpha Southeast Asia Awards) as well as Malaysia’s Insurance Fund House of the Year for the third consecutive year at InsuranceAsia News' Institutional Asset Management Awards 2020.

Hong Kong-based Alpha Southeast Asia is a regional institutional investment publication. InsuranceAsia News, which also operates from Hong Kong, provides insights into Asia’s insurance industry.

In a statement today, AMMB Holdings Bhd group chief executive officer Datuk Sulaiman Mohd Tahir said AmInvest has been managing funds for the past 39 years and was grateful for the continued trust investors had in its capabilities and expertise.

At the Alpha Southeast Asia Awards, AmInvest was lauded as a leading multi-asset fund management company for its solid and transparent investment process, secured risk management, proper investment accounting systems, quality investment research, advanced portfolio management and diversification, above par risk-adjusted returns, and overall long-term outstanding fund performance.

Meanwhile, the Institutional Asset Management Awards acknowledged the work done by third party asset managers on behalf of their insurance company clients across the Asia Pacific region.

Under the Malaysia Insurance Fund House of the Year category, AmInvest was singled out for its best practices, services and performance in managing its insurance clients’ assets.

On the market moving forward, Aminvest chief executive officer Goh Wee Peng said globally, many economies are slipping into recession and recovery emerging from ongoing concerns regarding the Covid-19 pandemic will be gradual.

“We expect monetary policies globally to remain very accommodative in the foreseeable future.

“Coupled with ample liquidity, we are optimistic about the outlook of the bond market. Credit selection is crucial and we will focus on issuers with strong and sustainable cash flow generating ability,” she said.

At 11.19am, AmInvest parent AMMB rose 1.04% or 3 sen to RM2.92, with 401,700 shares traded.