Kuala Lumpur, 17 May 2023 - Hong Leong Asset Management Bhd’s (“Hong Leong AM”) EPF-Members Investment Scheme (“MIS”) 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.
Hoo See Kheng, Executive Director/Chief Executive Officer of Hong Leong AM 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.”
Noor Aini Binti Shaik Awab, Executive Director/Chief Executive Officer of Hong Leong Islamic Asset Management Sdn Bhd (“Hong Leong Islamic AM”) 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.”
Robert Jenkins, Head of Research, Lipper, Refinitiv said, “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 favorably 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.
The 15 Islamic individual fund awards received by Hong Leong AM for the period ended 31 December 2022 are:
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GLOBAL ISLAMIC UNIVERSE
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Five (5) Islamic Individual Fund Awards
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Fund Name
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*3-year Return (%)
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*5-year Return (%)
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*10-year Return (%)
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Hong Leong Dana Makmur (EPF-MIS Approved Fund)
Equity Malaysia, Global Islamic, 3 Years (4th Consecutive Year)
Equity Malaysia, Global Islamic, 5 Years (4th Consecutive Year)
Equity Malaysia, Global Islamic, 10 Years (2nd Consecutive Year)
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71.55
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80.70
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164.34
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Hong Leong Dana Maa’rof (EPF-MIS Approved Fund)
Mixed Asset MYR Balanced, Global Islamic, 3 Years (2nd Consecutive Year)
Mixed Asset MYR Balanced, Global Islamic, 5 Years (2nd Consecutive Year)
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43.81
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50.64
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96.65
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MALAYSIA UNIVERSE
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Ten (10) Islamic Individual Fund Awards
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Fund Name
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*3-year Return (%)
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*5-year Return (%)
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*10-year Return (%)
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Hong Leong Dana Makmur (EPF-MIS Approved Fund)
Equity Malaysia, Malaysia Provident, 3 Years (3rd Consecutive Year)
Equity Malaysia, Malaysia Provident, 5 Years (2nd Consecutive Year)
Equity Malaysia, Malaysia Provident, 10 Years
Equity Malaysia, Malaysia Islamic, 3 Years (4th Consecutive Year)
Equity Malaysia, Malaysia Islamic, 5 Years (4th Consecutive Year)
Equity Malaysia, Malaysia Islamic, 10 Years (2nd Consecutive Year)
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71.55
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80.70
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164.34
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Hong Leong Dana Maa’rof (EPF-MIS Approved Fund)
Mixed Asset MYR Balanced, Malaysia Provident, 3 Years (2nd Consecutive Year)
Mixed Asset MYR Balanced, Malaysia Provident, 5 Years (2nd Consecutive Year)
Mixed Asset MYR Balanced, Malaysia Islamic, 3 Years (2nd Consecutive Year)
Mixed Asset MYR Balanced, Malaysia Islamic, 5 Years (2nd Consecutive Year)
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43.81
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50.64
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96.65
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*Source: Lipper, as at 31 December 2022
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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.
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, customised portfolio solutions and Private Retirement Scheme 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.
Media contact:
Jasemaine Gan Sheau Wuey
Manager, Marketing & Customer Experience – Hong Leong Asset Management Bhd
DID: +603 2081 8607
Email: SWGan@hlam.hongleong.com.my
Disclaimer:
This article has not been reviewed by the Securities Commission Malaysia. Investors are advised to read and understand the contents of the Hong Leong Master Prospectus dated 27 February 2023 (known as the “Prospectus”) and Product Highlights Sheet (the “PHS”) before investing. The Prospectus has been registered and PHS lodged with the Securities Commission Malaysia, which takes no responsibility for the contents. A copy of the Prospectus and PHS can be obtained from any of Hong Leong Asset Management Bhd (“HLAM”) offices, agents or authorised distributors. Investors are advised to consider the fees and charges involved before investing. Prices of units and distributions payable, if any, may go down or up and past performance is not a guarantee of future performance. Investors are advised to seek independent advice.
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 an objective, quantitative, 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 used to calculate the awards, their accuracy is not guaranteed.