AmInvestasi unveils inaugural fund

KUALA LUMPUR: AmInvestasi, an associate company of AmInvestment Management Sdn Bhd (AmInvest), the fund management division of AMMB Holdings Bhd, has unveiled its inaugural fund in Jakarta, Indonesia, for retail and institutional investors — AmObligasi JIBOR 1 Year PLUS.

In a statement, AmInvestasi said the fund is expected to generate potentially higher returns than the prevailing Jakarta Inter Bank Offered Rate (Jibor).

AmInvestasi president director Frery Kojongian said in times of unpredictable and volatile market conditions, investors are now looking at fixed income investments as a safe haven.

AmObligasi JIBOR 1 Year PLUS is a fixed income fund, designed for investors to provide capital appreciation in the medium to long term by investing primarily in debt instruments.

AmInvestasi president commissioner and AmInvest CEO Maznah Mahbob said the fund would be the first of many in the pipeline that will build on AmInvest’s investment capabilities and expertise of more than three decades.

“Through AmInvestasi, we are expanding our regional footprint into the Indonesian market in line with our strategy to offer global investment solutions.” — Bernama

This article first appeared in The Edge Financial Daily, on May 9, 2013.