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Celebrating the market resilience of the Lipper Fund Award winners for Malaysia

This year’s winners of the Refinitiv Lipper Fund Awards have been announced for Malaysia. Based entirely on quantitative criteria, the industry’s premier awards programme recognises the country’s best performing funds through a rigorous and independent assessment process.


  1. For over 30 years and in 17 countries worldwide, the Refinitiv Lipper Fund Awards have honored funds and fund management companies that have outperformed their peers on a risk-adjusted basis.
  2. The awards recognize mutual funds and fund families from across all asset classes, including equity, bond, mixed-asset, commodity and alternatives, with additional awards presented to pension funds and exchange-traded funds in specific fund award universes.
  3. 2020 was a year like no other. Read what winners say about their achievement and the value these awards create for their firms, clients, and the industry.

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Explore key industry insights and predicted trends from the 2021 fund industry leaders.

In a year where market volatility reached record levels, and where business and operational models were completely upended, recipients of the 2021 Refinitiv Lipper Fund Awards for Malaysia deserve a special mention for their resilience to a myriad of market risks, and commendation for their vision, innovation and mastery of today’s rapidly evolving financial markets. Congratulations to each winner.

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 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.

Refinitiv Lipper is the go-to resource for fund performance research, providing premium data, fund ratings, analytical tools, and global commentary through specialised products

Winners of the 2021 Refinitiv Lipper Fund Awards for Malaysia

Winners of the 2021 Refinitiv Lipper Fund Awards for Malaysia 

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 recognised. The awards are based on Refinitiv Lipper’s proprietary methodology.

View all the winners

Watch: Lipper Fund Awards

With a 48-year track record of providing independent content, Refinitiv Lipper data encompasses over 345,000 share classes across over 80 countries. Refinitiv Lipper Leader ratings are available for mutual funds registered for sale in 47 markets with over 500 global and 174 U.S. fund classifications.

A message from Refinitiv Lipper

Robert Jenkins, Global Head of Research, Lipper, Refinitiv said: “This year’s Refinitiv Lipper Fund Awards recognised the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty.

“In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers.

“The winners of the Refinitiv Lipper Fund Awards for Malaysia 2021 deserve recognition for their exceptional work in mitigating substantial risks while delivering superior returns.”

Media Partner: The Edge Malaysia

Exclusive media partner coverage, The Edge Malaysia

View the coverage, interviews and industry insights from The Edge Malaysia, exclusive media partner for the 2021 Refinitiv Lipper Fund Awards for Malaysia.

Messages from Lipper Fund Award winners

This year’s award winners share what their award means for their firm and clients.

Affin Hwang Asset Management Bhd

Affin Hwang Asset Management Bhd. Lipper Fund Award winners for Malaysia

“We’re honoured by the recognition from the industry and would like to thank our investors for their trust in us. The award will be an impetus for us to drive further excellence across our investment process and solutions.”

Gan Eng Peng, Senior Director, Equity, Affin Hwang Asset Management Bhd

AmanahRaya Investment Management Sdn Bhd

AmanahRaya Investment Management Sdn Bhd. Lipper Fund Award winners for Malaysia

“We are ecstatic and honoured to be recognised by one of the prestigious awards for our funds’ performances in four categories of fixed income funds. Being the award highly anticipated by fund managers each year, we believe this recognition will help to further strengthen AmanahRaya Investment’s market and brand presence in the investment community.”

Roszali Ramlee, Managing Director, AmanahRaya Investment Management Sdn Bhd

AmFunds Management Bhd

Goh Wee Peng, CEO of AmInvest (AmFunds Management Bhd). Lipper Fund Award winners for Malaysia

“We are delighted to receive these acknowledgements and to be recognised for our expertise within multiple categories of different asset classes.

“AmInvest has been managing funds for 40 years now and these awards truly underscore the strength of our investment team, who were instrumental in adding value to investors’ portfolios during the uncertain market conditions of 2020.

“Looking ahead, we remain focused on seeking out the best opportunities all market cycles present.”

Goh Wee Peng, CEO of AmInvest (AmFunds Management Bhd)

Areca Capital Sdn Bhd

Areca Capital Sdn Bhd. Lipper Fund Award winners for Malaysia

“We look forward to the Refinitiv Lipper Fund Awards every year. It is an honour for us to be a winner of the awards. It is also a testament to the outperformance of our funds over the shorter- and longer-term.

“The awards encourage fund managers to do better and send a strong signal to our investors that we continue to perform well. In fact, our investors ask us about the news of the awards each year. It is one of the best ways for them to verify our outperformance.”

Danny Wong, CEO, Areca Capital Sdn Bhd

Eastspring Al-Wara’ Investments Bhd

Eastspring Investments Bhd. Lipper Fund Award winners for Malaysia

“The Refinitiv Lipper Fund Awards is a recognised industry award that we look forward to each year.

“We are delighted that two of our funds managed to garner awards for the 10-year period under their respective categories. Last year was a tough year. Winning these awards means that our funds have still delivered value to our investors over the long-term.”

Juliana Ramli, Equity Fund Manager, Eastspring Al-Wara’ Investments Bhd

Hong Leong Asset Management Bhd

Hong Leong Asset Management Bhd. Lipper Fund Award winners for Malaysia

“The Refinitiv Lipper Fund Awards are highly regarded and reputable. We feel extremely honoured by the recognition and would like to express our gratitude to Refinitiv.

“At Hong Leong Asset Management, our clients’ best interests are our main priority and we remain committed to carefully managing our clients’ assets. We see the awards as a recognition of our efforts in helping our clients to get closer to their financial goals.”

Hoo See Kheng, CEO, Hong Leong Asset Management Bhd

Inter-Pacific Asset Management Sdn Bhd

Inter-Pacific Asset Management Sdn Bhd. Lipper Fund Award winners for Malaysia

“We are happy with the news, as it means a lot to us. This news breathes fresh motivation into our team to deliver more outstanding performance in the future.

“We are absolutely looking forward to winning more awards at the Refinitiv Lipper Fund Awards, as this platform has added significant value to our company. It helps us to stand above our peers and earn public recognition.

“In the long-run, we truly believe this award will encourage us to be the most prominent and respectable asset management company in Malaysia.”

Datuk Dr. Nazri Khan Adam Khan, CEO, Inter-Pacific Asset Management Sdn Bhd

KAF Investment Funds Bhd

KAF Investment Funds Bhd. Lipper Fund Award winners for Malaysia

“We feel honoured to be counted among the best in an industry where trust and reliability are paramount.

“Winning the awards also provides recognition of the effort and achievement of not just the team, but also of all the individuals in the firm that have worked tirelessly in the background. Of course, winning awards from reputable organisations such as Refinitiv Lipper makes it all the sweeter!”

Chue Kwok Yan, CIO, KAF Investment Funds Bhd

Kenanga Investors Bhd

Kenanga Investors Bhd. Lipper Fund Award winners for Malaysia

“It is an honour to be recognised by Refinitiv Lipper once again. Certainly, it is something we hope to achieve each year so as to measure our own performance against that of our industry peers.

“We believe that each fund house sets out to do their best for their clients, and we are no different. And to have our achievements validated against the best of the best is truly something special.

“We are heartened by our success at this year’s Refinitiv Lipper Fund Awards, and it will ‘fuel the fire’ in our commitment to deliver long-term value and growth to our clients and stakeholders in 2021 and beyond.”

Ismitz Matthew De Alwis, Executive Director / Chief Executive Officer, Kenanga Investors Bhd

Manulife Investment Management (M) Bhd

Manulife Investment Management (M) Bhd. Lipper Fund Award winners for Malaysia

“It is always an honour to receive an award. Definitely, it is a great morale booster for the team who have worked hard to deliver the performance. It has been such a tumultuous year and this recognition is a testament to our team’s efforts in continuously innovating and improving client experience. This is a great push and reward for us to continue to do better.

“The Refinitiv Lipper Fund Awards is a well-known benchmark of recognition for the fund management industry. The award announcement is significant and the industry looks forward to it every year as a must-have mark of performance.”

Jason Chong, CEO, Manulife Investment Management (M) Bhd

Maybank Asset Management Sdn Bhd

Maybank Asset Management Sdn Bhd. Lipper Fund Award winners for Malaysia

“What makes the Refinitiv Lipper Fund Awards 2021 more meaningful is that this recognition comes on the back of an unprecedented year of change – from quickly adapting to new ways of conducting business, to sustaining and growing our business in very challenging economic conditions.

“We dug deep, focused on our core values to inspire and drive ourselves forward. We are deeply honoured and proud to be recognised by our industry peers and associations for our stellar performance.

“Ultimately, it is about the people. We wouldn’t have achieved our success without our passionate and dedicated team, our valued partners and, most importantly, our investors who believed in us throughout this incredible journey in 2020.”

Ahmad Najib Nazlan, CEO, Maybank Asset Management Sdn Bhd

Pheim Asset Management

Pheim Unit Trusts Bhd. Lipper Fund Award winners for Malaysia

“We feel very honoured to have received six Refinitiv Lipper Fund Awards 2021 for three out of our only five unit trust funds. It is a recognition that Pheim’s funds had performed well in 2020 against its benchmarks and peers.

“Pheim’s two balanced funds, namely Pheim Emerging Companies Balanced Fund and Dana Makmur Pheim, won three awards for the 10-year period under the Mixed Asset MYR Balanced – Global and Malaysia category for the respective fund universe. On top of this, Pheim Asia ex-Japan Fund also bagged all three awards for the 3-year, 5-year and 10-year periods under the Equity Asia Pacific ex-Japan category for the Malaysia universe.

“As the Founder of Pheim Asset Management Sdn Bhd, I am glad to note that having been in the fund management industry for more than 45 years now, we continue to excel in our fund performance. This is, in no small measure, a tribute to the hard work, diligence and perseverance of the entire investment team at Pheim.

“It is also a testimony that, through our focus on value investing and adherence to Pheim’s Investment Philosophy, we would be able to continue to add value to our clients and society. I wish to thank our clients and stakeholders for their leads, help and continuous support throughout the years.”

Dr Tan Chong Koay, Founder and Chief Strategist, Pheim Asset Management

Principal Asset Management Bhd

Principal Asset Management Bhd. Lipper Fund Award winners for Malaysia

“We are grateful and honoured for the recognition given to our winning fund, Principal Titans Asia. The team persevered in 2020 to deliver our commitment to customers in helping them navigate throughout the challenging times and achieve their financial goals.

“Our customers have always been, and will always be, at the centre of everything we do. We thank them for the trust they place in us.”

Munirah Khairuddin, CEO, Principal Asset Management Bhd

Public Mutual Bhd

Public Mutual Bhd. Lipper Fund Award winners for Malaysia

“We are deeply honoured to be conferred three illustrious group awards and 31 individual fund awards at the Refinitiv Lipper Fund Awards 2021.

“This feat is a testament that the company’s prudent investment philosophy, concentrating on strong fundamentals and resilient earnings, has proven to be the best recipe for our success.

“We thank our unit trust consultants for their unwavering support in us and our unitholders for their trust in us by remaining invested during periods of elevated market volatility in 2020.”

Yeoh Kim Hong, Chief Executive Officer, Public Mutual Bhd

RHB Asset Management Sdn Bhd

Eliza Ong, CEO, RHB Asset Management Sdn Bhd. Lipper Fund Award winners for Malaysia

“Our team has worked hard to deliver the highest levels of service and returns to our customers, and we are humbled by the recognition, given the competitive market, especially for this type of strategy.

“This recognition has certainly boosted morale and will push us even further in continuously striving for better results.”

Eliza Ong, CEO, RHB Asset Management Sdn Bhd

UOB Asset Management (M) Bhd

UOB Asset Management (M) Bhd. Lipper Fund Award winners for Malaysia

“We are deeply honoured and grateful to have won this award for our funds, which achieve a stellar performance not just in terms of performance growth but also in prudent and active risk management.

“Our achievements are shaped by the strength of the foundations we set. As a trusted brand across ASEAN, these were the hallmarks of our resilience and agility to respond quickly and seize the opportunities in a time of unprecedented crisis to innovate, create value and empower our investors, communities and partners.

“That said, we are humbled to have received recognition and such accolades, which is only possible because of the efforts of our team.”

Lim Suet Ling, Chief Executive Officer, UOB Asset Management (M) Bhd

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Disclaimer:

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.