DANAVEST

The Edge Daily

KUALA LUMPUR: AmMutual has declared the first income distribution of 7.3 sen per unit for AmDual Opportunities-Capital Protected for the financial year ended Oct 2008.

In a statement yesterday, AmMutual said the first yearly income distribution represented a yield of 7.3% based on the net asset value (NAV) per unit of RM1 offered during the offer period from Sept 3, 2007 to Oct 2, 2007.

It is a close-ended fund which seeks to provide yearly distribution over a two-year investment period investing in the volatility of euro to US dollar exchange rate (EUR/USD), deriving its appreciation from upward as well as downward movements in the euro currency while providing 100% capital protection when held to maturity.

The fund invested a minimum of 90% of the NAV in two-year zero-coupon negotiable instruments of deposits (ZNIDs) which seek to protect investor’s capital, and up to 5% in an option.

“As at Oct 17, 2008, the fund delivered a one-year return of 12.95% as compared to its benchmark, the Maybank one-year fixed deposit rate of 3.7%, an outperformance by 9.25%,” said Datin Maznah Mahbob, AmInvestment Bank group chief executive officer of the funds management division.