KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – March 18, 2024 – Kenanga Investors Berhad
(“Investor Memories”) was a double winner of the LSEG Lipper Fund Awards 2024
(“Price”). The company has received awards for
Kenanga Malaysian Fund Inc (“KMIF”) as part of the best Equity Malaysia Diversified – Malaysia pension funds over 10 years and for the
Kenanga Diversified Fund
(“KDF”) under the Best Flexible MYR Mixed Asset Pension Fund – Malaysia over 10 years.
From left to right: 1. Christopher Kok, Head of Equities 2. Lee Sook Yee, Chief Investment Officer 3. Dawne Chin, Portfolio Manager
“In the face of challenging global macroeconomic conditions, including rising interest rates and persistent inflation, our portfolios have continued to demonstrate resilience and adaptability over the past year. This outperformance is driven by our fundamental bottom-up stock selection strategy, supported by our investment philosophy of combining fundamental research with a relative value approach to produce risk-adjusted returns,” says Executive Director and Chief Executive Officer of management, Datuk Wira Ismitz Matthew De Alwis.
From analyzing industry dynamics and trends to each company’s business models, Datuk Wira De Alwis says the company was able to gain valuable insights, enabling informed decision-making. “By monitoring most of the key companies in each sector, we were able to effectively size positions across portfolios. The construction, utilities and regional technology sectors were particularly strong performers, playing a crucial role in our success,” he explains.
Regarding the current economic outlook for this year, Lee Sook Yee, Chief Investment Officer, says: “We are tactically overweight equities, driven by a positive outlook. We will remain ready to readjust our allocations based on market conditions. Our strategy remains consistent. by focusing on bottom-up stock selection. »
Globally, it sees opportunities in the semiconductor sector due to the growing demand for AI. “AI adoption is in its early stages, with businesses and governments looking to accelerate its deployments this year. We are also positive on sectors such as construction, real estate and renewable energy domestically due to encouraging momentum in policy execution,” says Lee. Additionally, she says an expected recovery in smartphones and PCs globally, leading to positive sentiment towards local technology and manufacturing sectors, contributed to the firm’s overweight on Malaysia this year .
KMIF wins its fourth title at the Awards by offering returns of 111.53% (10 years) and 64.70% (5 years) as of December 31, 2023. For the same period, KDF’s returns amount to 70.35 % (10 years) and 47.01%. (5 years).
For more than three decades, the awards have recognized funds and fund management companies for their strong risk-adjusted performance over three, five and ten years, compared to their peers. Based on Lipper’s proprietary quantitative methodology, the awards reflect a truly independent and uncompromising assessment of fund performance.
For more information on Kenanga Investors, please visit
www.kenangainvestors.com.my
https://www.kenangainvestors.com.my/
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The issuer is solely responsible for the content of this announcement.
