Hong Leong Asset Management

5 Time Winner of Best Equity Group Award – Malaysia Provident and Collectively wins 16 Awards

Kuala Lumpur, March 28- Hong Leong Asset Management Bhd (“Hong Leong AM”) wins sixteen awards in total at the Refinitiv Lipper Fund Awards 2022, including fifteen individual fund awards and notably, clinching the Best Equity Group Award – Malaysia Provident, for the fifth time. The group award marks Hong Leong AM’s third consecutive win since 2020.

Hoo See Kheng, Chief Executive Officer of Hong Leong AM said, “We are delighted to win the Best Equity Group Award – Malaysia Provident once again and at the same time, receive fifteen individual fund awards for five of our EPF-approved funds by the highly-respected Refinitiv Lipper Fund Awards. The awards re-affirm our investment philosophy and strategies and is a testament to our investment team who has delivered consistently strong risk-adjusted returns for investors.

Hong Leong AM’s success comes from our time-tested bottom-up stock picking strategy where we seek to gain a sufficient level of understanding of a company, including the main drivers of its profitability and business outlook, before initiating a stock position in the fund. This strategy has allowed us to continuously drive long-term and sustainable fund outperformance, particularly in the local market.”

Despite another challenging year in 2021 due to multiple lockdowns amid escalating COVID-19 cases, supply chain issues and the rise in inflation, Hong Leong AM remains focused on companies with sustainable competitive superiority, quality management and enduring business models that will benefit from certain long-term secular trends.

“As we move into 2022, Hong Leong AM will continue to apply appropriate investment strategies; and maintain focus on the long-term prospects and company fundamentals in order to deliver superior long-term growth,” added Hoo.

“The 2022 Refinitiv Lipper Fund Awards recognise award winning managers who are successfully facing down market factors not seen in decades including rising inflation, a thinning labour pool and continuing constraints on the global supply chain.

Markets are ebbing and flowing along with the sentiments and emotions of investors as the pandemic continues to cloud outlooks and change perspectives. Fund managers find themselves looking beyond earnings statements and factoring in impacts of viral waves – making active management more challenging than ever.

“We applaud the 2022 Refinitiv Lipper Fund Award winners such as Hong Leong Asset Management Bhd for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios in a time of unprecedented change,” Robert Jenkins, Head of Research, Lipper, Refinitiv.

The sixteen awards received by Hong Leong AM for the period ended 31 December 2021 are:

*Source: Lipper, as at 31 December 2021

About Refinitiv Lipper Fund Awards:

For more than 30 years and in over 17 countries worldwide, the highly-respected Refinitiv 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.

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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 and customised portfolio solutions to retail and institutional segments. Hong Leong AM’s wholly-owned subsidiary, Hong Leong Islamic Asset Management Sdn Bhd (HLISAM) has been appointed as an external Fund Manager with effect from 17 April 2020, to offer Islamic-based fund management services.

Visit http://www.hlam.com.my for more information on the Funds.

Disclaimer:

Before investing, investors are advised to read and understand the contents of the following:

Hong Leong Master Prospectus dated 23 August 2019, its First, Second and Third Supplementary Master Prospectus dated 18 November 2019, 27 March 2020 and 31 December 2020 respectively (collectively known as the “HLAM Prospectus”) and the Product Highlight Sheet (“PHS”).

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.