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

Vietnam reported its strongest economic growth in two years in the quarter to end-September, as strong exports and industrial production and rising foreign investment offset the effects last month of Asia's strongest typhoon so far this year.

Vietnam quarterly growth hits two-year high on exports, investment

The development of stronger cyber security infrastructure as well as tax relief incentives for companies that invest in digital infrastructure are among aspects that the government is expected to focus on in Budget 2025.

Infrastructure development, tax relief needed to boost cyber security — experts 

Malaysia should prioritise investments in agricultural technology (agritech) in Budget 2025 to attract diverse investors, particularly family offices, said an economist.

Priotitise agritech investments under Budget 2025 to draw high-net-worth investors — economist

Italian energy company Eni is in talks with Japan on supplying the country with liquefied natural gas (LNG), Cristian Signoretto, Eni's director for global gas and LNG portfolio, told reporters on the sidelines of a conference on Sunday.

Italy's Eni in talks with Japan on supplying LNG, executive says

Republican nominee Donald Trump rallied supporters at the site of a July assassination attempt, returning to the Pennsylvania venue where a gunman’s bullet bloodied his ear and upended the presidential campaign.

Trump rallies with Elon Musk at site of assassination attempt

US inflation probably moderated at the end of the third quarter, reassuring a Federal Reserve that’s shifting more of its policy focus toward shielding the labour market.

US inflation is set to reassure a labour market-focused Fed

Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.

Saudi Arabia raises Asia oil price as volatility grips market

Massive consecutive strikes hit Beirut's southern suburbs from late Saturday into Sunday, Reuters eyewitnesses said, sending booms across the city and sparking flashes of red and white for nearly 30 minutes visible from several kilometres away.

Heavy strikes shake Beirut as Israel expands Lebanon campaign

The CEO of German carmaker Volkswagen said the European Union should consider adjusting planned tariffs against China-made electric vehicles to make allowances for investments made in Europe.

VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU

Thousands of protesters took to the streets in major cities around the world on Saturday demanding an end to bloodshed in Gaza and the wider Middle East as the start of Israel's war in the Palestinian enclave approaches its first anniversary.

Thousands around the world protest Middle East war as Oct 7 anniversary nears

The October 7 issue of City &amp; Country features an interview with the sibling duo spearheading the management of Titijaya Land Bhd.

Adapting to the dynamic landscape of the real estate industry