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

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

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

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

As the backbone of the digital economy, data centres are becoming critical infrastructure, especially in the age of artificial intelligence (AI). Efficiency, optimisation and sustainability are currently the biggest drivers of improvements in the sector. This is driven not just by the desire to i...

Listicle: What’s shaping the future of data centres?

The growth of Malaysia’s data centre sector has been driven by the rising demand for high-performance computing, particularly for artificial intelligence (AI) applications and solutions.

AirTrunk’s AI-ready data centre, which features a direct-to-chip liquid cooling solution, can help m...

Profile: Supporting the growth of AI

As investments in data centres surge across Malaysia, the country is positioning itself as a digital hub for both global enterprises and local businesses aiming to expand their reach. Equinix, a key player in this sector, is committed to supporting global companies looking to expand their digital...

Profile: Empowering digital expansion

In May, tech behemoth Google made a significant move in Malaysia by investing a substantial US$2.2 billion (RM9.5 billion) to expand its Google Cloud region to deliver high-performance, low-latency cloud infrastructure, analytics and artificial intelligence (AI) services.

The investment...

Profile: Google’s data alchemy for Malaysia

Princeton Digital Group (PDG) is strategically capitalising on the increasing demand for data centres to support the artificial intelligence (AI) boom, recognising Johor as an ideal location for the development.

As AI continues to evolve, the need for larger, more efficient data centres...

Profile: Growing with the times

In May, Microsoft announced a US$2.2 billion (RM9.5 billion) investment — the largest in its 32-year history in Malaysia — to establish new cloud and artificial intelligence (AI) infrastructure. This commitment not only reinforces Microsoft’s position in the region but also supports Malaysia’s br...

Profile: Building a digital nexus

Malaysia’s emergence as a data centre hub brings significant environmental challenges, particularly since the country relies on electricity generated from fossil fuels.

“Data centres are significant consumers of energy. Managing this consumption efficiently is vital to both operational ...

Sustainability: Balancing growth with green innovations

Malaysia is well on its way to becoming the region’s data centre hub. Incentives are being created to ensure the country becomes the preferred destination for data centres, and more will be introduced to accommodate artificial intelligence (AI) data centres, according to the Ministry of Investment, Trade and Industry.

Gearing up to meet data centre demands

When Singapore pulled the plug and announced a moratorium on data centres, the floodgates opened and the data powerhouses came pouring into Malaysia. Now, the country is vying to become the data centre hub of the region, as it attracts investments due to more affordable land value, coupled with g...

Cover Story: Powering the future

The development of tech hubs and data centres is closely interconnected; both sectors drive and benefit from each other’s growth and advancements.

Hubs such as Cyberjaya offer dark fibre connectivity, enabling companies to effectively manage their network infrastructure. This set-up ens...

Tech parks: Building the digital backbone

The Malaysian Communications and Multimedia Commission (MCMC) has been asked not to proceed with its directive requiring all internet service providers (ISPs) in Malaysia to implement Domain Name System (DNS) redirection.

In about-face, Fahmi tells MCMC to halt DNS redirection

The Railway Assets Corporation (RAC) has shortlisted two bidders for the Ipoh Railway Station Integrated Development Plan (iRide), announced Transport Minister Anthony Loke Siew Fook.

Two consortiums vying for iRide project, says Loke 

The police have initiated an investigation against Seputeh MP Teresa Kok following her alleged statement over halal certification.

Cops probing Teresa Kok over comments on halal certification, says IGP 

Prime Minister Datuk Seri Anwar said that toll rates could be reduced if highway development costs are managed effectively and are free from leakage or corruption.

Lower toll rates possible if highway development costs properly managed, says PM

Prime Minister Datuk Seri Anwar Ibrahim said the government will prioritise strategies to stabilise inflation and address the rising cost of living in Budget 2025.

Anwar: Budget 2025 to address inflation, cost of living issues

China will fully open its manufacturing sector to foreign investments and is also allowing more room for overseas capital in its health sector, adding to efforts to revive the world’s second-largest economy.

China opens manufacturing, healthcare to foreign investment

<h3>Oil price in line with Budget forecast</h3>

From Jan 1 to Aug 27, 2024, Brent crude oil price averaged US$83/bbl (2023: US$82.18/bbl), Bloomberg data showed. This is just US$2 or 2.35% lower than Malaysian 2024 forecast of US$85/bbl – its highest in nine years.&nbsp;
...

What to watch out for going into Budget 2025

As investments in data centres surge across Malaysia, the country is positioning itself as a digital hub for both global enterprises and local businesses aiming to expand their reach. Equinix, a key player in this sector, is committed to supporting global companies looking to expand their digital...

As the backbone of the digital economy, data centres are becoming critical infrastructure, especially in the age of artificial intelligence (AI). Efficiency, optimisation and sustainability are currently the biggest drivers of improvements in the sector. This is driven not just by the desire to i...

The growth of Malaysia’s data centre sector has been driven by the rising demand for high-performance computing, particularly for artificial intelligence (AI) applications and solutions.

AirTrunk’s AI-ready data centre, which features a direct-to-chip liquid cooling solution, can help m...

The development of tech hubs and data centres is closely intertwined, with each driving and benefiting from the growth and advancement of the other. This is because tech hubs provide a fertile environment for innovation and business development, and data centres supply the essential infrastructure to support the growth of the digital economy.

Cyberjaya’s ideal location attracts data centre investments

Princeton Digital Group (PDG) is strategically capitalising on the increasing demand for data centres to support the artificial intelligence (AI) boom, recognising Johor as an ideal location for the development.

As AI continues to evolve, the need for larger, more efficient data centres...

In May, tech behemoth Google made a significant move in Malaysia by investing a substantial US$2.2 billion (RM9.5 billion) to expand its Google Cloud region to deliver high-performance, low-latency cloud infrastructure, analytics and artificial intelligence (AI) services.

The investment...

When Singapore pulled the plug and announced a moratorium on data centres, the floodgates opened and the data powerhouses came pouring into Malaysia. Now, the country is vying to become the data centre hub of the region, as it attracts investments due to more affordable land value, coupled with g...

In May, Microsoft announced a US$2.2 billion (RM9.5 billion) investment — the largest in its 32-year history in Malaysia — to establish new cloud and artificial intelligence (AI) infrastructure. This commitment not only reinforces Microsoft’s position in the region but also supports Malaysia’s br...

Developing data centre infrastructure is key to Malaysia’s goal of becoming a digital hub, boosting data capacity and attracting foreign investments. However, this expansion raises concerns about data security and sovereignty, requiring a balance between investment and protection.

The c...

Safeguards: Navigating cybersecurity challenges amid growth demands

Malaysia’s emergence as a data centre hub brings significant environmental challenges, particularly since the country relies on electricity generated from fossil fuels.

“Data centres are significant consumers of energy. Managing this consumption efficiently is vital to both operational ...

LSEG Lipper Fund Awards 2024

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