TheEdge
KUALA LUMPUR: CMS Trust Management Bhd's CMS Islamic Fund has garnered two "Best Malaysia Fund" awards by Islamic fund research Failaka Advisors for the highest returns focusing on Malaysian equities last year in the one-year and three-year categories.
The wins were announced at the Failaka Advisors' 3rd Annual Islamic Fund Awards event held recently in Dubai, United Arab Emirates.
"Our 3rd Annual event acknowledged excellence in 21 categories, but as Malaysia has the greatest number of Syariah-compliant funds, the Best Malaysian Fund was the most competitive category.
"In a year that saw great volatility, the steady-handed managers at CMS Trust remained focused on capturing high returns and creating value for their investors," said Failaka Advisors managing director Mark Smyth.
CMS Trust Management's director, Ian Tham, said: "The awards were presented to the best Syariah-compliant Malaysian equity funds with the highest one-year performance from year-end 2006 to year-end 2007, measured in terms of net asset value." CMS Islamic Fund was rated the highest returning fund for the one year ended Dec 31 2007 for its 73.85% returns and for the three-year period for its 125.65% returns for investors.
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