Kenanga's two funds win awards

  • Business
  • Wednesday, 13 Jul 2016

Kenanga Investors chief investment officer Lee Sook Yee (left) receives the awards from Wong Wei Yi, general manager of Malaysia for the Kenanga Growth Fund and Kenanga Syariah Growth Fund.

KUALA LUMPUR: picked Kenanga Investors Bhd’s two funds – Kenanga Growth Fund (KGF) and Kenanga Syariah Growth Fund (KSGF) – as its recommended unit trusts under its core equity categories.

The funds were under the core equity – Malaysia and core equity – Malaysia (Islamic) categories for 2016/17. “This is the sixth consecutive year that KGF has been awarded and the fifth time awarded to KSGF,” it said.
These funds were recognised for their strong performance and resilience during volatile periods with a good track record of at least three years. 

Kenanga Investors consistently subscribes to rigorous stock-picking as well as identifying fundamentally attractive, off-benchmark stocks that may be undervalued relative to their peers and the overall market valuation which has led to some under-researched investment opportunities especially those in the small and mid-cap space. 

Kenanga Investors’ executive director and CEO Ismitz Matthew De Alwis said both funds’ performances proved that its long-term bottom-up strategy, which is tailored to the client's specific needs, “has consistently led us to achieve success for them”. 

As at June 30, 2016, KGF outperformed its benchmark to deliver a total return of 43.68% (three years), 94.38% (five years) and 387.86% (10 years).

As for KSGF, it delivered a total return of 12.42% (three years), 48.74% (five years) and 245.77% (10 years) against the benchmarks despite volatile market conditions. To-date, KGF continues to be ranked No.1 in Equity Malaysia for the 10-year category. 

The objective of KGF and KSGF is to provide clients with long-term capital growth by investing primarily in Malaysian equities and securities of companies (with a Shariah option) with strong fundamentals that are undervalued to cater to the client's diverse needs.
Besides winning at the Recommended Unit Trusts Awards which is a prestigious event organised by FSM to honour top-performing Unit Trust Funds in Malaysia, Kenanga Growth Fund won the Best Performing Equity Malaysia Fund award for the fourth time running (five years) and third time running (10 years) at the Lipper Fund Awards 2016 (Malaysia) for the year ended Dec 31, 2015. 

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