AIA PRS
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{{label}}Kuala Lumpur, 23 March 2021
Kuala Lumpur, 23 March 2021 – AIA Pension and Asset Management Sdn. Bhd. (APAM) has launched its new fund, AIA-PAM Global Islamic Growth Fund (AIAGIG), expanding their Private Retirement Scheme (PRS) product offering to meet the growing demand for Shariah-compliant investments.
The fund aims to provide capital growth by investing at least 60% to 90% of its net asset value in Shariah-compliant equities including Islamic collective investment schemes primarily in global markets. Available from 23 February 2021, the AIA-PAM Global Islamic Growth Fund provides several benefits to investors:
Nor Daliya Mohd Daud, General Manager of AIA Pension and Asset Management Sdn. Bhd. (APAM), said: “As the world economy is set to recover from the COVID-19 pandemic with additional policy support and the rollout of the vaccines – we see opportunities to tap beyond the Malaysian market. The global economy was projected to grow 5.5% in 2021 and 4.2% in 2022 based on the International Monetary Fund’s (IMF) latest forecast. Interest rates are likely to stay low for a prolonged period to boost COVID-19 economic recovery which would support continued inflows into equities. APAM’s newly launched PRS fund is timely as it allows investors to tap into global growth while diversifying risk across sectors and geographies to enhance potential returns over the long-term.”
The AIA-PAM Global Islamic Growth Fund is suitable for investors seeking potential capital appreciation through investing in Shariah-compliant securities predominantly in the global markets, have a moderate to high risk appetite and the ability to invest for the medium to long-term.The investment is affordable with the minimum initial and additional contribution of RM100, the fund had a benchmark with target return of 6% per annum as a reference for comparing the fund's performance.
In conjunction with the launch, APAM is running a special campaign until 31 March 2021 whereby 1 per cent bonus units would be given for minimum cumulative contributions of RM1,000 subject to a maximum of RM5,000 worth of units per member during the campaign period. Additionally, investors also can enjoy personal tax relief of up to RM3,000 yearly until 2025.
For more information about the AIA-PAM Global Islamic Growth Fund, please read the Disclosure Document at www.aia-prs.com.my or contact one of our PRS consultants.
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Disclaimer
This is a marketing material (“Material”). This Material has not been reviewed by the Securities Commission Malaysia (“SC”) and Federation of Investment Managers Malaysia (“FIMM”). The SC and FIMM are not liable for this Material and are not in any way associated with this Material. The SC and FIMM are not responsible for the contents herein and do not make any representation on the accuracy or completeness of this Material, either in whole or in part. A copy of the Second Replacement Disclosure Document dated 23 February 2021 (“Disclosure Document”) and the Product Highlights Sheet (“PHS”) have been registered and lodged with the SC. The registration of the Disclosure Document and lodgement of the PHS to the SC do not amount to nor indicate that the SC has recommended or endorsed the Private Retirement Scheme (“PRS”). A PHS highlighting the key features and risks of the PRS is available and investors have the right to request for a PHS. Investors are advised to obtain, read and understand the Disclosure Document and the PHS before making a contribution. We suggest that you compare and consider the fees, charges and costs involved prior to making a contribution. The Disclosure Document and the PHS can be obtained from our office, our authorised distributors, consultants or representatives. Any issue of units to which the Disclosure Document relates will only be made on receipt of an application form referred to and accompanying with a copy of the Disclosure Document. The price of units and distributions payable, if any, may go down as well as up. The past performance of the PRS should not be taken as an indication of its future performance. Specific risks and general risks for the PRS are elaborated in the Disclosure Document. Investors are advised to understand the risks involved in the PRS and make your own risk assessment and seek professional advice, where necessary.
About AIA Pension and Asset Management Sdn. Bhd.
AIA Pension and Asset Management Sdn. Bhd. (APAM), a wholly owned subsidiary of AIA Bhd. was incorporated on 27 July 2012 to principally engage in the PRS and fund management business. By combining our expertise and solid experience in managing retirement schemes, we seek to complement AIA’s comprehensive suite of products and provide life planning solutions that look after our customers’ retirement savings needs.
APAM offers a selection of conventional and Shariah-compliant funds to our customers through APAM’s network of PRS Consultants and authorised distributors. Our total asset under management as of end December 2020 was close to RM819.3 million.
About AIA Bhd.
AIA Bhd. is a leading insurer in Malaysia, where we have been privileged to do business since 1948. We offer a suite of financial solutions including Protection, Health, Personal Accident, Employee Benefits, General Insurance, Mortgage, Retirement and Family Takaful products to meet our customers’ protection and financial security needs at every life stage. Through our wide and diverse distribution footprint which comprises of a 15,000 strong Life Planner force, our exclusive bank partner’s branches nationwide as well as corporate sales teams and brokers, we give our customers the choice of deciding how, when and where they connect with us.
Part of the AIA Group, the largest independent publicly listed pan-Asian life insurance group, AIA Bhd. has the financial strength, experience, service centre network and a well-trained team of more than 2,600 employees to serve our 3.6 million customers nationwide. As at 30 June 2020, AIA Bhd.’s total asset worth was RM57.45 billion, with a paid-up capital of RM810 million.