TheStar
KUALA LUMPUR: Public Mutual Bhd has been named “Best Fund Manager in Asia” for the second consecutive year by Dubai-based Failaka Advisors.
Failaka Advisors managing director Mark Smyth presented the award to Public Mutual chairman Tan Sri Teh Hong Piow during Public Mutual's Annual Awards night yesterday.
“In terms of syariah-compliant funds, Public Mutual's funds have once again outperformed the benchmarks by the highest percentages.
“In a market where many clients have demonstrated a preference for Islamic funds, Public Mutual is well placed to take advantage of this demand,” he said before the award presentation.
The Failaka Islamic Fund Awards is an annual award recognised as a standard for excellence in Islamic fund management.
Teh said the award reflected Public Mutual's commitment to providing the utmost value to its unit holders.
“The year ahead will be challenging and competition will remain tough. We will continue to push ourselves and aim higher,” he added.
Public Mutual is the largest private unit trust company in Malaysia and manages 62 funds for more than 1.8 million account holders.
As at Apr 30, the total net asset value of the funds managed by the company was RM27.8bil.
Public Mutual chief executive officer Yeoh Kim Hong said the company would be launching more Islamic funds.
“We are looking at launching more local and region specific Islamic funds, as well as funds that are investing in commodities to met the diverse investor needs.”
“To facilitate growth, we will expand some of our branches and open a few more new branches this year.” she said via e-mail.
Public Mutual currently has 26 branches nationwide
“We will also continue to enhance our customer service, especially our Mutual Gold priority service,” Yeoh said.
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