Kuala Lumpur - Hong Leong Asset Management Bhd’s (“Hong Leong AM”) EPF-Members Investment Scheme (“MIS”) approved Islamic funds - Hong Leong Dana Makmur (“HL Dana Makmur”) and Hong Leong Dana Maa’rof (“HL Dana Maa’rof”) have once again received global recognition at the 2024 LSEG Lipper Fund Awards (within the Global Islamic universe). This marks the 5th consecutive win for HL Dana Makmur, while HL Dana Maa’rof celebrates its 3rd consecutive win of this esteemed award. These achievements underscore Hong Leong AM’s unwavering commitment to providing its investors and customers with consistently competitive investment schemes.
In March 2024, at the 2024 LSEG Lipper Fund Awards (Malaysia universe), both HL Dana Makmur and HL Dana Maa’rof picked up 5 individual fund awards. With the 3 recent wins at the 2024 LSEG Lipper Fund Awards (Global Islamic universe), these two Islamic funds have collectively received a total of 8 individual fund awards in 2024.
Hoo See Kheng, Executive Director/Chief Executive Officer of Hong Leong AM said, “We are tremendously proud of the global recognition our Islamic funds have consistently received for delivering risk-adjusted returns to our investors. Despite recent market challenges, we remain steadfast in our commitment to our proven strategies and investment philosophies as we navigate through the uncertainties of the global economy. Our dedication to delivering positive results to all our investors remains unwavering. In addition, we are pleased to offer diversified investment opportunities that cater to the diverse needs of today’s investors in one of the world’s leading Islamic fund hubs, contributing to Malaysia’s flourishing investment ecosystem”.
Noor Aini Shaik Awab, Executive Director/Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd (“Hong Leong Islamic AM”) said, “As the appointed external fund manager for HL Dana Makmur and HL Dana Maa’rof, we are deeply honoured that these 2 Islamic funds have once again been recognised by the LSEG Lipper Fund Awards. Alongside the dedicated team at Hong Leong AM, we pledge to continuously elevate our efforts to further advance Islamic asset management in Malaysia, while constantly adhering to Islamic investment principles.”
Tom Roseen, Principal, Lipper Global Research, LSEG Lipper said, “The 2024 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, a war, skyrocketing inflation and dramatic central bank intervention. Whether you’ve been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis – or you’ve been an investor for 50 years and feel as if you’ve seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. We applaud the 2024 LSEG Lipper Fund Award winners such as Hong Leong AM for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions.”
HL Dana Makmur and HL Dana Maa’rof are distributed nationwide through Hong Leong AM’s offices, its agency force, appointed Institutional Unit Trust Advisers (“IUTA”), with Hong Leong Bank Berhad and Hong Leong Islamic Bank Berhad being the main distributors, as well as non-bank IUTA distributors. In tandem with Hong Leong AM’s digitalisation program, HL Dana Makmur and HL Dana Maa’rof are also available via Hong Leong AM’s online platform - HL iSmart Invest. This extensive outreach has enabled Hong Leong AM to offer its range of both Islamic and conventional funds to investors across Malaysia.
The 8 Islamic individual fund awards received by Hong Leong AM for the period ended 31 December 2023 are:
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GLOBAL ISLAMIC UNIVERSE |
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Three (3) Islamic Individual Fund Awards |
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Fund Name |
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Hong Leong Dana Makmur (EPF-MIS Approved Fund) Equity Malaysia, Global Islamic, 10 Years (3rd Consecutive Year) |
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Hong Leong Dana Maa’rof (EPF-MIS Approved Fund) Mixed Asset MYR Balanced, Global Islamic, 5 Years (3rd Consecutive Year) Mixed Asset MYR Balanced, Global Islamic, 10 Years |
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MALAYSIA UNIVERSE |
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Five (5) Islamic Individual Fund Awards |
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Fund Name |
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Hong Leong Dana Makmur (EPF-MIS Approved Fund) Equity Malaysia, Malaysia Islamic, 10 Years (3rd Consecutive Year) |
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Hong Leong Dana Maa’rof (EPF-MIS Approved Fund) Mixed Asset MYR Balanced, Malaysia Provident, 5 Years (3rd Consecutive Year) Mixed Asset MYR Balanced, Malaysia Provident, 10 Years Mixed Asset MYR Balanced, Malaysia Islamic, 5 Years (3rd Consecutive Year) Mixed Asset MYR Balanced, Malaysia Islamic, 10 Years |
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About LSEG Lipper Fund Awards:
For more than 30 years and in over 17 countries worldwide, the highly-respected LSEG Lipper Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This, coupled with the unmatched depth of fund data, results in a unique level of prestige, and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at www.lipperfundawards.com.
About Hong Leong Asset Management Bhd:
Hong Leong AM is an asset management company within the Hong Leong Financial Group Berhad group of companies. Hong Leong AM establishes and distributes unit trust funds, wholesale funds, customised portfolio solutions and Private Retirement Scheme to retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (HLISAM) is an Islamic fund management company (IFMC) licensed by the Securities Commission Malaysia (“SC”). HLISAM has been appointed as an external Fund Manager to offer Islamic-based fund management services. Visit http://www.hlam.com.my for more information on the Funds.
Disclaimer:
This article has not been reviewed by the Securities Commission Malaysia. Investors are advised to read and understand the contents of the Hong Leong Master Prospectus dated 27 February 2023, First Supplemental Hong Leong Master Prospectus dated 18 August 2023 and 2nd Supplemental Hong Leong Master Prospectus dated 5th January 2024 (known as the “HLAM Prospectus”) and Product Highlight Sheet (the “PHS”) before investing. The HLAM Prospectus has been registered and PHS lodged with the Securities Commission Malaysia, which takes no responsibility for the contents. A copy of the HLAM Prospectus and PHS can be obtained from any of Hong Leong Asset Management Bhd (“HLAM”) offices, agents or authorised distributors. Investors are advised to consider the fees and charges involved before investing. Prices of units and distributions payable, if any, may go down or up and past performance is not a guarantee of future performance. Investors are advised to seek independent advice.
The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see lipperfundawards.com.