The year 2023 was full of surprises, some good and some, not so. On the bright side, the global economy performed better than expected. Inflation showed signs of slowing down and the US markets performed well. The S&P 500 Index hit an all-time-high, led by tech stocks, thanks to the widespread application of artificial intelligence (AI).

Winners list

While 2023 was another volatile year for investors, the local fund management industry performed well. The winners of the LSEG Lipper Fund Awards were able to cut through the noise and navigate the uncertainties to deliver good returns to investors.

Of surprises,  agility & resilience

Criteria (Cumulative)


	Funds registered for sale in the respective country as at the end of the calendar year of the respective evaluation year.
	At least 36 months of performance history as at the end of the calendar year of the res...

LSEG Lipper Fund Awards Methodology 2024

The global fund industry experienced a harvest year in 2023, said Xav Feng at the LSEG Lipper Fund Awards 2024, which was held on March 8 at the Mandarin Oriental Hotel in Kuala Lumpur. Feng, LSEG Lipper Asia Pacific head of research, pointed out that global funds received net inflows of US$1.24 trillion (RM5.81 trillion).

A harvest year for the global fund industry

Manulife Investment Management (M) Bhd was again the biggest group award winner at the LSEG Lipper Fund Awards 2024, where it took home three group awards for the second year in a row. It won the awards for Best Equity Group (Malaysia), Best Equity Group (Islamic) and Best Mixed Assets Group (Provident).

Manulife returns as biggest winner of group awards

KAF Investment Funds Bhd emerged as one of the biggest winners at the LSEG Lipper Fund Awards 2024. It clinched the Best Equity (Provident) Group award and 10 individual awards.

KAF Investment Funds shines

Maybank Asset Management Sdn Bhd (MAM) has emerged as a big winner at the LSEG Lipper Fund Awards 2024, taking the Best Bond Group (Islamic) award and seven individual awards.

Maybank clinches one group and seven individual awards at LSEG Lipper Fund Awards 2024

AmFunds Management Bhd clinched a group award and two individual awards at the LSEG Lipper Fund Awards 2024. It was the winner of the Best Bond Group (Malaysia) award.

AmFunds wins two awards in bond category

UOB Asset Management (M) Bhd (UOBAM) won the Best Mixed Asset (Malaysia) Group Award at the LSEG Lipper Fund Awards 2024. This is the second consecutive year that it has won the accolade.

UOB Asset Management takes home group award

Despite the challenges and risks of financial market volatility due to persistently high inflation in 2023, Public Mutual Bhd bagged 21 fund awards at the LSEG Lipper Fund Awards 2024.

Public Mutual a top winner with 21 individual awards

Principal Asset Management Bhd walked away with five awards at the LSEG Lipper Fund Awards 2024, once again emerging as a big winner in the regional and global space.

Principal wins big in regional and global category

PMB Investment Bhd, a wholly-owned subsidiary of Pelaburan Mara Bhd, clinched four fund awards at the LSEG Lipper Fund Awards 2024 and maintained its winning streak with the PMB Shariah Equity Fund and PMB Shariah Tactical Fund.

PMB Investment outperforms partly through under-the-radar small-cap stocks

Hong Leong Asset Management (HLAM) won five awards at the LSEG Lipper Fund Awards 2024. Its Hong Leong Dana Makmur Fund won Best Equity Malaysia (Islamic) in the 10-year category while the Hong Leong Dana Maa’rof Fund won Best Mixed Asset MYR Balanced-Malaysia (Islamic) and Best Mixed Asset MYR Balanced-Malaysia (Provident) in the five- and 10-year categories.

Hong Leong Asset Management bags five awards with Dana Maa’rof and Dana Makmur

RHB Asset Management Sdn Bhd and its wholly owned subsidiary RHB Islamic International Asset Management Bhd won five awards in the bond and equity space and across three universes.

RHB Asset Management clinches five awards

KUALA LUMPUR (April 1): The likelihood of a secondary explosion following the gas pipeline fire in Putra Heights, Subang Jaya on Tueday is very low, according to the Fire and Rescue Department (JBPM).

Gas pipeline blaze: Risk of secondary explosion very low, says Fire Dept chief

NEW YORK/BENGALURU (April 1): US stock indexes dropped on Tuesday, as investors sifted through economic data and braced for sweeping tariff announcements from the Trump administration.

Wall Street falls as tariff fears mount

KUALA LUMPUR (April 1): The Special Malaysia Disaster Assistance and Rescue Team (SMART) has recovered four bodies from the rubble caused by the earthquake in Myanmar's Sagaing region.

Malaysia’s Smart team recovers four bodies from Myanmar earthquake rubble

SUBANG JAYA (April 1): The initial report on the gas pipeline fire incident at Jalan Putra Harmoni, Putra Heights here is expected to be completed within 72 hours, said Selangor Menteri Besar Datuk Seri Amirudin Shari.

Selangor MB: Preliminary report on Putra Heights fire expected to be ready in 72 hours

(April 1): Xiaomi Corp confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported that three people died in the incident that’s likely to spark scrutiny over the smart driving software deployed in many of today’s cars.

Xiaomi car with driver assistance crashes, three reported dead

SERDANG (April 1): The gas pipeline fire incident on Jalan Putra Harmoni, Putra Heights, Subang Jaya has not involved any fatalities so far, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

Gas pipeline blaze: No deaths reported — Dzulkefly

(April 1): Newsmax Inc’s debut as a public company has given founder and chief executive officer Christopher Ruddy a fortune of about US$3.3 billion (RM14.64 billion) after its shares surged 735%.

Newsmax founder and ex-NY Post journalist Christopher Ruddy is now a billionaire

KUALA LUMPUR (April 1): The increase in the amount of Sumbangan Asas Rahmah (Sara) financial assistance to RM2,100 that was credited to eligible recipients on Tuesday, compared to RM1,200 last year, has been described as a "Syawal gift".

Sumbangan Asas Rahmah credited on April 1, recipients describe it as Syawal windfall

KUALA LUMPUR (April 1): The second day of the Aidilfitri celebration was disrupted by a gas pipeline fire on Jalan Putra Harmoni, Putra Heights, Subang Jaya on Tuesday, which damaged 190 homes.

Gas pipeline blaze: 190 houses, 159 vehicles damaged

(April 1): SoftBank Group Corp is seeking a loan of as much as US$16.5 billion (RM73.2 billion) to help fund artificial intelligence (AI) investments in the US, people familiar with the matter said, in what would be its largest-ever borrowing denominated solely in dollars.

SoftBank seeks record US$16.5b loan for AI growth in US — Bloomberg

SUBANG JAYA (April 1): Gas Malaysia Bhd’s (KL:GASMSIA) wholly owned Gas Malaysia Distribution Sdn Bhd&nbsp;confirmed that their facilities were not involved in a fire incident that occurred in Putra Heights, Subang Jaya, early Tuesday morning.

Fire incident in Putra Heights not related to Gas Malaysia facilities, company says

KUALA LUMPUR (April 1): Petroliam Nasional Bhd (Petronas) has confirmed that a fire occurred at Petronas Gas Bhd’s&nbsp;main pipeline near Putra Heights, Puchong, Selangor, at 8.10am on Tuesday.

Petronas confirms fire incident at Petronas Gas main pipeline near Puchong

KUALA LUMPUR (April 1): The increase in the amount of Sumbangan Asas Rahmah (Sara) financial assistance to RM2,100 that was credited to eligible recipients on Tuesday, compared to RM1,200 last year, has been described as a "Syawal gift".

SINGAPORE (April 1): Singapore-listed Capital World Ltd has asked the Malaysian Anti-Corruption Commission (MACC) to release the bank accounts of its subsidiary Capital City Property Sdn Bhd (CCP) that had been frozen to facilitate ongoing investigations, just over a week after it said three employees had been asked to assist investigations.

Singapore’s Capital World says MACC froze its unit CCP’s bank accounts to facilitate ongoing investigations

SUBANG JAYA (April 1): The tremor felt like an earthquake. That was what residents nearby said they felt&nbsp;when a gas pipeline burst, causing a massive fire at Jalan Putra Harmoni, Putra Heights, Subang Jaya, Selangor on Tuesday&nbsp;morning.

Gas pipeline blaze victims recount earthquake-like tremors

SUBANG JAYA (April 1): Prime Minister Datuk Seri Anwar Ibrahim has announced an immediate financial aid of RM5,000 to owners of homes that were completely destroyed as a result of the gas pipeline fire along Jalan Putra Harmoni Putra Heights, Subang Jaya on Tuesday morning.

Gas pipeline blaze: Immediate financial aid for over 100 affected residents, says PM

PUTRAJAYA (April 1): In what is being held as a landmark decision, the Court of Appeal unanimously ruled that company directors who are eligible for re-election, cannot be automatically retired without holding an annual general meeting (AGM), even if the directorship timeframe has lapsed.

Directors cannot be automatically retired without an AGM, Court of Appeal rules

KUALA LUMPUR (April 1): Kuala Lumpur Tower concessionaire Lim Seong Hai Capital Bhd (KL:LSH) said its unit LSH Service Master Sdn Bhd (LSHSM) has on Tuesday officially assumed the operation, management, and maintenance of the city’s landmark, which it said remains fully owned by the Malaysian government.

LSH unit assumes management of KL Tower for 20 years until end-March 2045

KUALA LUMPUR (April 1): The second day of the Aidilfitri celebration was disrupted by a gas pipeline fire on Jalan Putra Harmoni, Putra Heights, Subang Jaya on Tuesday, which damaged 190 homes.

KUALA LUMPUR (April 1): Electricity supply in the Subang Jaya area, Selangor, which was disrupted due to the gas pipeline fire in Putra Heights, has been fully restored.

Gas pipeline blaze: Power supply fully restored in Subang Jaya — TNB

SHAH ALAM (April 1): Selangor Menteri Besar Datuk Seri Amirudin Shari said that 82 victims, including 12 injured, have been rescued in the gas pipeline blaze in Putra Heights, Subang Jaya.&nbsp;

Gas pipeline blaze: 82, including 12 injured rescued — Selangor MB

SINGAPORE (April 1): RHB Singapore, part of Malaysia's fourth biggest bank group RHB Bank Bhd (KL:RHBBANK), said on Tuesday that it has appointed Goh Ken-Yi as its new chief executive officer effective immediately, according to a statement.

RHB Singapore appoints Goh Ken-Yi as CEO

KUALA LUMPUR (April 1): Prime Minister Datuk Seri Anwar Ibrahim has urged the Selangor government and&nbsp;relevant agencies to provide appropriate assistance to those affected by Tuesday morning's gas pipeline blaze in Jalan Putra Harmoni, Putra Heights in Subang Jaya, Selangor.

Gas pipeline blaze: PM urges state govt, relevant agencies to provide assistance

(April 1): US President Donald Trump will announce his&nbsp;reciprocal tariff&nbsp;push on Wednesday, during an event at&nbsp;the White House Rose Garden, his top spokeswoman said.&nbsp;

White House Press Secretary Karoline Leavitt said on Monday that the announcement would feature “cou...

Trump to unveil country-based tariffs on April 2 at White House Rose Garden

KUALA LUMPUR (April 1): The Civil Aviation Authority of Malaysia (CAAM) has imposed a ban on drone flights in the vicinity of the gas pipeline fire in Putra Heights, Puchong, Selangor.

CAAM: No drones allowed in Putra Heights fire area

(April 1):&nbsp;Xiaomi Corp confirmed that one of its SU7 electric vehicles (EVs) was involved in an accident on an expressway in China. Local media reported that three people died in the incident that’s likely to spark scrutiny over the smart driving software deployed in many of today’s cars.&nbsp;

<h3>Greatech Technology Bhd</h3>

Target price: RM1.95 &nbsp;BUY

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Brokers Digest: Local Equities - Greatech Technology Bhd, Alliance Bank Malaysia Bhd, Kuala Lumpur Kepong Bhd, Malaysian Resources Corp Bhd

KUALA LUMPUR (April 1): The Department of Environment (DOE) will carry out air quality monitoring following Tuesday morning's gas pipeline fire at Jalan Putra Harmoni in&nbsp;Putra Heights, Subang Jaya, Selangor.

Gas pipeline blaze: Environment Dept to monitor air quality

TOKYO (April 1): Asia's factory activity mostly weakened in March, as an intensifying US&nbsp;tariff war and slowing global demand hurt business sentiment, private sector surveys showed on Tuesday, darkening the outlook for the region's economy.

LSEG Lipper Fund Awards 2024

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