AMB Announced Income Distribution, Unit Split For Its Funds
KUALA LUMPUR : - Amanah Mutual Berhad (AMB) today announced an income distribution and a unit split exercise for its AMB Value Trust Fund (AMBVTF) and AMB Ethical Trust Fund (AMBETF).
It declared a gross income distribution of 10 sen per unit for its AMBVTF and 4 sen per unit for its AMBETF.
It also declared a unit split of one unit for every 2 units held for the existing unit holders of the two funds. The effective date of the exercise is on 30 August 2010.
The company said in a statement that the income distribution announcement and unit split exercise was AMB’s reward to its loyal investors following the funds' strong performances.
AMBVTF was awarded The Best Equity Malaysia Fund, 3 years and 5 years category from The Edge-Lipper Malaysian Fund Awards. This award recognizes the top performing local unit trust funds in the country.
Both AMBVTF and AMBETF funds are also Lipper Leaders for Total Return, Consistent Return and Capital Preservation under the Equity Malaysia category (3 years and 5 years) and holds a five star Morningstar rating under Equity Malaysia category .
As of 30 August 2010, AMBVTF has recorded a total return (5 years) of 157.94% with an average return of 31.59% per annum, AMBETF meanwhile has recorded a total return (5 years) of 138.97% with an average return of 27.79% per annum.
AMBVTF and AMBETF currently ranked number one and two out of 68 other funds in The Edge Lipper Fund Table dated 30 August 2010.
AMB is a wholly owned subsidiary of Amanah Saham Nasional Berhad (ASNB) and ultimately under the flagship of Permodalan Nasional Berhad (PNB).