KUALA LUMPUR: Affin Hwang Asset Management Bhd has posted the strongest expansion of total assets under administration (AUA) last year.
The company's AUA rose 26 per cent to RM73 billion as of December 31 from RM58 billion in January last year.
The fund management service provider said the total AUA represented the combined growth of both Affin Hwang Asset Management and wholly-owned Islamic fund management arm AIIMAN Asset Management.
"The recorded growth was the company's strongest AUA expansion since its inception in 2001 buoyed by steady inflows into its unit trust funds as investors seek better returns in a low interest rate environment.
"For the year ended 2020, the company had declared a total income distribution of RM1.16 billiion across its retail and wholesale funds," it said.
Affin Hwang Asset said by staying firmly rooted in its core values to help clients achieve their financial goals, the company had grown strength to strength alongside its clients who had placed their hard-earned trust in it.
As it 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 enablers in doing so as the company embarks on a string of digital initiatives aimed at future-proofing its business," it said.
Throughout 2020, the company 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.
"In anticipation of a broader economic recovery supported by accommodative policies and global vaccine rollouts, the company is cautiously optimistic on the outlook for markets as it continues to monitor liquidity indicators as well as the progress of the inoculation," it said.