Thursday, 28 December 2017

Maybank acquires Amanah Mutual Berhad (AMB) for RM16million

Maybank recently announced that they have purchased Amanah Mutual Berhad (AMB) for RM16.12 million from Permodalan Nasional Berhad (PNB).

With the acquisition, all of AMB's unit trust fund will now be under the offerings of Maybank.

Currently AMB has 30 funds under their management and a strong record under the Bond category. This was recognized when AMB's AMB Income Trust Fund won the Best Bond Malaysia Ringgit (3 & 5 Years Category) at The Edge-Thomson Reuters Lipper Fund Awards Malaysia for the 3rd year in a row.

As an investor, I have also personally witnessed the glory days of AMB's equity fund in 2013 whereby funds like AMB Dividend Trust Fund and AMB Value Trust Fund were the top performers under the equity category.

Moving forward, will we see a resurgence in the performance of their equity funds when it goes under Maybank? Will there be changes to the current fund managers? What will the significant changes made to investment strategy of the funds?

At Invest Made Easy, we will continue to track and monitor the latest changes to these funds. Do stay tune to our blog and don't forget to follow our Facebook page too!

Cheers and Happy Investing!

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