The Refinitiv Lipper Fund Award Winners have been announced for the Arabian and Global Islamic fund industry. The legacy, reputation and quantitative underpinning of what these awards encapsulate reflect a truly independent and uncompromised assessment of fund performance. We congratulate this year’s fund families receiving Asset Class Group awards for their superior firm-wide performance.
- The merit of the winners is based entirely on quantitative criteria.
- For more than 30 years and in over 17 countries worldwide, these awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance and focuses the investment world on top-funds.
- Read what winners say about the value these awards create for their firms, clients and the industry.
2020 Arabian and Global Islamic Refinitiv Lipper Fund Awards Winners
Individual classifications of three, five, and ten-year periods, as well as fund families with high average scores for the three-year period are also recognized. The awards are based on Lipper’s proven proprietary methodology, which can be viewed here.
Watch: Refinitiv Lipper Fund Awards
A message from Refinitiv Lipper
Robert Jenkins, Head of Lipper Research at Refinitiv, said: “In a year of dramatic change across the global economy, climate & the environment and political cultures, it has never been more important to have your investments entrusted with talented and experienced professionals.
“The Refinitiv Lipper Fund Awards recognize those exceptional managers and fund management groups who navigate these changes and steer your assets into outperforming returns.”
Lipper data covers more than 330,000 share classes in 86 countries. The Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 fund classifications.
See the full list of winners for Arabian Markets and the Global Islamic Markets.
Messages from the winners
See what top-ranked institutions are saying about the Lipper Fund Awards from Refinitiv:
Mr. Hoo See Kheng, Chief Executive Officer of HLAM (Hong Leong Asset Mgmt Sdn BHD): “It is an honour for HLAM to be recognized for its performance under the category of Equity Malaysia – Malaysia Islamic Funds and Global Islamic by Refinitiv Lipper Fund Awards.
“The Fund has seen consistent capital growth through prudent investments. These were in compliance with Islamic principles followed by our investment team, which is committed to ensuring strong risk-adjusted performance for the Fund.
“We attribute the winning streak to adhering to our bottom-up stock picking strategy, which has been effective in generating good returns for the Fund these past few years.
“We thank our investors for their steadfast trust in us and for remaining invested in HLAM and our other Shariah funds. We will continue to uphold our commitment to providing the same high level of service to our investors.”
Yeoh Kim Hong, CEO, Public Mutual: “We are honored to be presented with 10 Global Islamic Fund awards for the Refinitiv Lipper Fund Awards 2020. This global recognition is a testament that Public Mutual’s prudent investment philosophy, concentrating on strong fundamentals and resilient earnings has proven to be the best recipe for our success.
“We thank our unitholders and unit trust consultants (UTCs) for their support and confidence in us.”
Amr Abol Enein, Managing Director and Head of CI Capital Asset Management: “This highly regarded award and regional recognition of the Estithmar Fund reflects continuous success and outperformance relative to its peers in Egypt and MENA markets.
“It pays tribute to outstanding fund performance and posting the highest cumulative returns in both absolute and risk-adjusted bases over the past three and five years’ horizons, and are is continuation of the prestigious awards won by the Fund by local and international organizations”.
Ismitz Matthew De Alwis, Executive Director & Chief Executive Officer of Kenanga Investors Berhad: “We are honored to have been awarded the Malaysia Best Equity Fund over 10 years title at the prestigious 2020 Refinitiv Lipper Global Islamic Fund Awards.
“We foster a culture of excellence, and the strength of our business is rooted in our focus on our clients and our people. This award serves as a testament to what we do here, that is, ensuring a consistent and sustainable top performance.
“We have been steadfastly committed to putting our clients’ interests first and this award reaffirms our deep knowledge of local markets, and the breadth of our extensive investment capabilities, which are among the most innovative within the market, locally and in the region.”
Edward Lubis, President Director of Bahana TCW: “We are very honored to win this prestigious award. This is an extraordinary acknowledgment that we have received in the midst of the COVID-19 pandemic.
“With all the uncertainty economic conditions, we believe that this award will increase the credibility of our funds, and help get credentials and investment quality among our clients.”
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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 a 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 contained herein, the accuracy is not guaranteed by Refinitiv Lipper.