KUALA LUMPUR: Affin Hwang Asset Management Bhd’s assets under administration (AUA) recorded a 26% increase to RM73bil at end-2020, which was the strongest since its inception in 2001. In a statement issued on Wednesday, Affin Hwang AM said the increase from RM58bil at the start of 2020 was buoyed by steady inflows into its unit trust funds as investors seek better returns in a low interest rate environment. The total AUA represents the combined growth of both Affin Hwang AM as well as its Islamic fund management unit AIIMAN Asset Management. “For the year ended 2020, the company had declared a total income distribution of RM1.16bil across its retail and wholesale funds, ” it said. Affin Hwang AM said as the company enters its 20th milestone this year, the company will continue to focus on delivering value to its clients as well as driving innovation. “Client experience remains embedded as a strategic pillar of the company’s initiatives as it seeks to grow and deepen relationships further. Technology and innovation will be key enabler in doing so as the company embarks on a string of digital initiatives aimed at future-proofing its business, ” it said. The company had just recently unveiled its first mobile application app, i.e. Allocate Plus back in January which provide users an easy access to start their investment journey with a smaller initial outlay of just RM50. Through the app, users will be able to perform functions such as opening a new investment account, top-up their investment portfolio, redeem their investments, as well as switch between the funds offered. Throughout 2020, it maintained a strong pipeline of product launches including 23 new funds which span different strategies and market exposure to help clients diversify in a low interest rate environment. To bolster its passive offerings, the group also launched two smart beta exchange traded funds (ETF) that were listed on the Main Market of Bursa.
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