Morningstar Names AmanahRaya Best Malaysia Syariah Bond Fund

Morningstar, Inc. has announced the winners for the 2024 Morningstar Awards for Investing Excellence – Malaysia. The awards recognise funds that have served investors well over the long term and which the research team believes will be able to deliver strong risk-adjusted returns over time.

“The Morningstar Awards for Investing Excellence commends the industry’s fund offerings. The research team carefully select the winners across equity and fixed income categories, as the leading funds within Malaysia for investors. We’d like to congratulate all winners of this year’s awards.” said Wing Chan, Head of Manager Research, Europe and Asia Pacific, Morningstar Inc.

The 2024 Morningstar Awards for Investing Excellence award winners in Malaysia are:

Morningstar Category AwardsWinner
Best Asia-Pacific Equity FundPB Asia Pacific Dividend
Best Malaysia Large-Cap Equity FundMaybank Malaysia Ethical Dividend
Best Malaysia Large-Cap Equity (Syariah) FundPMB Shariah Tactical Fund
Best Malaysia Bond FundAmDynamic Bond
Best Malaysia Bond (Syariah) FundAmanahRaya Syariah Trust Fund

The category of awards are based on Morningstar fund data as of 31 December 2023. The awards methodology emphasises the one-year period, but funds must also have delivered strong three-year returns after adjusting for risk within the award peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility

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