PETALING JAYA: AHAM Asset Management Bhd (AHAM Capital) has declared a complete income distribution of RM948.3 million for the monetary 12 months 2023. The distribution spans 84 wholesale and retail funds managed by the corporate, encompassing various asset courses corresponding to equities, bonds, and combined property.
AHAM Capital product answer and buyer expertise chief officer Anton Tan mentioned, “Anchored by our funding philosophy, we’re proud to uphold our dedication to buyers by delivering a constant income distribution, regardless of difficult market circumstances. By adopting an absolute return mindset and never being sure by any benchmark, we’re capable of flexibly modify our asset allocation to go well with market circumstances. Our funding course of is then overlaid with a stage of macro consciousness in addition to a transparent give attention to fundamentals to drive outperformance.”
Looking forward to 2024, he mentioned inflection factors in markets sign a extra beneficial surroundings for danger property forward as latest indicators trace at deceleration of inflation, reinforcing the view that the US Federal Reserve is nearing the height of its tightening cycle.
“The pullback in yields has tempered the energy of the US greenback, which is able to profit rising markets together with Asia,” he mentioned, including {that a} secure US rate of interest outlook and the avoidance of a tough touchdown within the US might act as catalysts for sturdy efficiency in EM and Asian equities.
Tan mentioned the potential for extra muscular coverage assist from China might additionally assist shore up development within the nation and supply tailwinds to the remainder of the area.
“However, it is going to be essential to remain vigilant for geopolitical dangers as 2024 will likely be an election 12 months. Despite a latest easing of tensions between the US and China, the proximity of the US presidential elections in 2024 poses a danger of reigniting tensions. Furthermore, quite a few nations like Korea, India, and Indonesia, are scheduled to carry basic elections this 12 months, he added.
On the native entrance, he mentioned they see constructive developments within the home panorama marked by political stability and a ramp-up in coverage implementation.
“The rollout of varied coverage frameworks such because the National Energy Transition Roadmap, New Industrial Master Plan and the deliberate Johor-Singapore Special Economic Zone would assist lay the groundwork for sustainable development in addition to present a transparent narrative of the nation’s financial route to world buyers,” mentioned Tan.
The firm’s flagship Select and World Series delivered an income distribution yield starting from 4% to six% in 2023, spanning completely different foreign money courses together with US and Singapore {dollars}, and ringgit. Notably, the AHAM Asean Flexi Fund generated a distribution yield of 5.7% because the area skilled a return of international fund flows. Similarly, the AHAM Select Bond Fund, AHAM Smart Invest Portfolio – Income, and the AHAM World Series – Global Income Fund recorded distribution yields of 4.1%, 4.3% and 5.8% respectively.
As at Dec 31, 2023, complete property underneath administration (AUA) stood at about RM81 billion (mixture of AHAM Capital and its subsidiaries, AIIMAN and Bintang Capital Partners). The AUA includes property underneath administration, funding advisory and people underneath distribution.
