KUALA LUMPUR, 19 FEBRUARY 2014 – Kenanga Investors Berhad’s (“KIB”), Kenanga Growth Fund and Kenanga Syariah Growth Fund won the Best Performing Equity Malaysia Fund title at the prestigious Lipper Malaysia Fund Award 2014 for the year ended 31 December 2013.
Its Kenanga Growth Fund won the Best Equity Malaysia Fund for 3 and 5 years while the Kenanga Syariah Growth Fund won the Best Equity Malaysia Diversified for 10 years.
According to Mr. Chay Wai Leong, Group Managing Director of Kenanga Group, “This is indeed another great achievement for K & N Kenanga Holdings Berhad (“Kenanga Group”) as our experienced Fund Management team continues to deliver consistent and excellent performance superior to the benchmark index.
Kenanga’s award winning funds Kenanga Growth Fund delivered an annual total return of 19.07%* (3 years), 26.35%* (5 years) while the Kenanga Syariah Growth Fund delivered 20.55%* (10 years) annual total returns in 2013.”
KIB’s Chief Executive Officer, En. Abdul Razak bin Ahmad said, “The strengths of our winning funds lie with the disciplined approach in conducting research and stock picking. It underlined by our value-based investment philosophy and supported by a team of dynamic fund managers and analysts who constantly identify market trends and stock ideas.
“One of the biggest challenges faced last year was managing the increased volatility associated with various event risks, but we managed through investing in a diversified portfolio of companies with sustainable business model which trade at a discount to their intrinsic value.”
On the outlook for the year, En. Abdul Razak said “We expect volatility to persist in the first quarter of this year. However, we believe the current market weakness presents an opportunity to position for a stronger 2H as export recovery in Asia gathers momentum.”
The Lipper Malaysia Fund Award is a prominent yearly event organised to honour top-performing unit trust funds in the country.
For more information about KIB, please contact +6012-3970089
