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Hong Leong Asset Management Wins Again At 2024 LSEG Lipper Fund Awards

Kuala Lumpur - Hong Leong Asset Management Bhd (“Hong Leong AM”) continues its winning streak for its Islamic funds at the 2024 LSEG Lipper Fund Awards. Two of Hong Leong AM's EPF-Members Investment Scheme (“MIS”) approved Islamic funds - Hong Leong Dana Makmur and Hong Leong Dana Maa’rof, have maintained their accolades in various categories and collectively bagged 5 individual fund awards.

Hoo See Kheng, Executive Director/Chief Executive Officer of Hong Leong AM said, “It is an honour for Hong Leong AM to be validated by the LSEG Lipper Fund Awards once again. The recognition serves as a testimony and affirmation on our investment team’s investment philosophy and strategies.”

“While global recession and high inflation was anticipated in 2023, Hong Leong AM’s focus on staying invested in high quality companies; coupled with our experience and knowledge of the local stock market, has helped us endured macro challenges and enabled us to continuously drive long-term, sustainable and risk-adjusted returns for our investors. At present, even though inflation appears to be more manageable and stable, Hong Leong AM will remain vigilant and prepared for any situation that may emerge. With close monitoring, we are confident of our capability to manage any possible adverse economic spill over effects from the ongoing geopolitical developments,” added Hoo.

Tom Roseen, Principal, Lipper Global Research, LSEG Lipper said, “The 2024 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, a war, skyrocketing inflation and dramatic central bank intervention.

Whether you’ve been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis – or you’ve been an investor for 50 years and feel as if you’ve seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years.

We applaud the 2024 LSEG Lipper Fund Award winners such as Hong Leong AM for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions.”

The five awards received by Hong Leong AM for the period ended 31 December 2023 are:

Hong Leong Dana Makmur

  • Best Equity Malaysia – Malaysia Islamic Fund Over 10 Years (3rd consecutive year)

Hong Leong Dana Maa’rof

  • Best Mixed Asset MYR Balanced – Malaysia Provident Fund Over 5 Years (3rd consecutive year)


  • Best Mixed Asset MYR Balanced – Malaysia Provident Fund Over 10 Years


  • Best Mixed Asset MYR Balanced – Malaysia Islamic Fund Over 5 Year (3rd consecutive year)


  • Best Mixed Asset MYR Balanced – Malaysia Islamic Fund Over 10 Years

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About LSEG Lipper Fund Awards:

For more than 30 years and in over 17 countries worldwide, the highly-respected LSEG 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


About Hong Leong Asset Management Bhd (“Hong Leong AM”):

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”) is an Islamic fund management company (IFMC) licensed by the Securities Commission Malaysia (“SC”).


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Before investing, investors are advised to read and understand the contents of the following:

  • Hong Leong Master Prospectus dated 27 February 2023 and First and Second Supplementary Master Prospectus dated 18 August 2023 and 5 January 2024 respectively (collectively known as the “Prospectus”) and the Product Highlight Sheet (“PHS”).

The LSEG 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. Lipper Leaders fund ratings do not constitute and are not intended to constitute investment advice or an offer to sell or the solicitation of an offer to buy any security of any entity in any jurisdiction. For more information, see