Hong Leong Asset Management Bhd’s (Hong Leong AM) EPF-Members Investment Scheme approved Islamic funds – Hong Leong Dana Makmur (“HL Dana Makmur”) and Hong Leong Dana Maa’rof (“HL Dana Maa’rof”) nabbed 5 individual fund awards for the 2nd consecutive year at the Refinitiv Lipper Fund Awards Global Islamic 2023.
Notably, this marks HL Dana Makmur’s 4th consecutive win and HL Dana Maa’rof’s 2nd consecutive win at the Refinitiv Lipper Fund Awards Global Islamic, signifying Hong Leong AM’s commitment to delivering consistent, competitive investment schemes to investors and customers.
Both HL Dana Makmur and HL Dana Maa’rof had previously picked up 10 individual fund awards from the Refinitiv Lipper Fund Awards Malaysia 2023 in March 2023. This new win means these two Islamic funds have bagged a total of 15 individual fund awards in 2023.
Hong Leong AM Executive Director / Chief Executive Officer Hoo See Kheng (pic) said, “We are honoured that our Islamic funds have consistently received global recognition of its continuous delivery of risk-adjusted returns to our investors. Coming out of a challenging market condition, we will continue focusing on our time-tested strategies and investment philosophies as we venture through an uncertain global economy. We remain committed to delivering positive results and turnouts to all our investors.”
“We are proud to contribute to a growing investment ecosystem in Malaysia, and with Malaysia being one of the world’s leading Islamic fund hubs, we are delighted to provide diversified investment opportunities to meet the various needs of investors today.”
Hong Leong Islamic Asset Management Sdn Bhd (“Hong Leong Islamic AM”) Executive Director/Chief Executive Officer Noor Aini Shaik Awab said, “As the appointed external fund manager for HL Dana Makmur and HL Dana Maa’rof, we feel absolutely honoured for these 2 Islamic funds to be recognised by Refinitiv Lipper once again. Together with the team at Hong Leong AM, we commit to continuously enhance our efforts to take Islamic asset management to the next level in Malaysia while complying with Islamic investment principles.”
Lipper, Refinitiv Head of Research Robert Jenkins added: “The 2023 Refinitiv Lipper Fund Awards recognize those award winning managers who navigated their shareholders through the impacts of a global pandemic and then the perfect storm of economic shocks leading to generational inflation pressure and global central bank interventions. Prospects for potential recessionary forces taking hold and subdued returns across most major asset classes in 2023, highlights the need for adept stewardship of one’s investments. Fund managers will need to guide their investors through these challenging times and position them favourably for the eventual recovery.
“We applaud the 2023 Refinitiv Lipper Fund Award winners such as Hong Leong Asset Management Bhd for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global economic 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-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.
