TheStar
KUALA LUMPUR: Public Mutual Bhd has emerged as the Best Equity Fund Group, scooping up seven individual awards at The Edge-Lipper Malaysia Fund Awards 2008.
Public Mutual garnered awards in non-Islamic bonds, equities, equities Malaysia small and mid caps, mixed assets and Islamic equity Malaysia for the five-year period. It also won awards in bond Malaysian Ringgit and Islamic equity Malaysia for the 10-year period.
Public Mutual chairman Tan Sri Dr Teh Hong Piow attributed the company’s fifth consecutive win to effective investment strategies. The fund manager is the largest private unit trust company and it manages some 58 funds, of which the total net asset value stood at RM28.4 billion as at Dec 31, 2007.
Alliance Investment Management Bhd bagged the best performing fund under the mixed asset balance under a 10-year period for the second time.
Alliance Financial Group’s group chief executive officer Datuk Bridget Lai said: “Winning the award is an honour and doing so two years in a row is an added achievement.”
Speaking at the awards presentation ceremony here yesterday, The Edge Communications Sdn Bhd managing director and editor-in-chief Ho Kay Tat said investors’ need for timely and in-depth information was growing as fund houses offered more sophisticated products for investors to invest in agribusiness sector, climate change-themed funds, precious metals and Indo-china.
“The ability to invest in a wide universe is, however, a double-edged sword as investors in sectors hit by subprime crisis would know. Global investors need to be on top of many issues like movements of currencies, global outlook and the latest investing themes,” he said.
The Edge-Lipper Malaysia Fund Awards are given to the best performing unit trust funds in Malaysia over the three-, five- and 10-year periods where winners are determined based on the Lipper Leader ratings for Consistent Return, a risk adjusted investment performance return measure developed by Lipper.
Only funds that have done well over a period of three years and beyond are recognised, in line with the practice adopted by the global Lipper Fund Awards. Some 17 awards covering seven fund categories were given out this year, including Islamic funds that topped their respective Lipper classification.
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