Disclaimer: Hong Leong Islamic Asset Management Sdn Bhd is the external fund manager of Hong Leong Dana Makmur.
Hong Leong Asset Management Bhd’s (“Hong Leong AM”) shariah-compliant fund, Hong Leong Dana Makmur (“HLDM” or “Fund”) has won two fund awards for Equity Malaysia at the Refinitiv Lipper Fund Awards 2021 - Global Islamic Universe. HLDM had also picked up three fund awards at the Refinitiv Lipper Fund Awards 2021 - Malaysia Universe in April 2021.
With an impressive win of five awards from the Refinitiv Lipper Fund Awards 2021 under the Fund’s belt this year, the overall win marks the Fund’s 2nd consecutive win for Equity Malaysia – Global Islamic in the over 3 years and 5 years categories and Equity Malaysia – Malaysia Islamic in the over 3 years and 5 years categories for the period ended 31 December 2020.
Hoo See Kheng, the Chief Executive Officer of Hong Leong AM said, “We are honoured for HLDM to receive the recognition from the highly-respected Refinitiv Lipper Fund Awards. Despite an unprecedented year in 2020 due to the COVID-19 pandemic, Hong Leong AM has risen above the challenges and continues to excel and deliver unparalleled performance. We attribute this success to our investment team who is committed to delivering consistently strong risk-adjusted performance for the Fund while complying with Islamic principles.
HLDM is distributed nationwide through its agency force and appointed Institutional Unit Trust Advisers, with Hong Leong Bank Berhad being the main distributor. This wide outreach has enabled HLAM to offer its range of both Shariah and conventional funds to investors across Malaysia.
The five (5) awards received by Hong Leong AM for the period ended 31 December 2020 are:
| Funds Awards | ||
| Fund Name |
*3-year
Return (%)
|
*5-year
Return (%)
|
|
ong Leong Dana Makmur
Global Islamic
Equity Malaysia, Global Islamic, 3 Years (2 consecutive years)
Equity Malaysia, Global Islamic, 5 Years (2 consecutive years) Malaysia Universe Equity Malaysia, Malaysia Islamic, 3 Years (2 consecutive years)
Equity Malaysia, Malaysia Islamic, 5 Years (2 consecutive years)
Equity Malaysia, Malaysia Provident, 3 Years
|
55.00 | 82.71 |
*Source: Lipper, as at 31 December 2020
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.
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.