Once again, Public Mutual Bhd dominated the Refinitiv Lipper Fund Awards, this time by bagging 32 awards — Best Equity Group (Malaysia), Best Mixed Assets Group (Islamic) and 30 fund awards. It extended its winning streak to four years in a row by outperforming its peers in various categories.

Public Mutual defends top position with 32 awards

Principal Asset Management Bhd clinched four awards in the Asia Pacific ex-Japan category in the Refinitiv Lipper Fund Awards 2022.

Principal Asset Management wins four awards in regional categories

KAF Investment Funds Bhd (KAF) bagged three awards at the Refinitiv Lipper Fund Awards 2022 through two of its award-winning funds, KAF Jade and KAF Vision.

A triple win by KAF Investment

UOB Asset Management (M) Bhd once again landed a winning spot at the Refinitiv Lipper Fund Awards 2022, with two fund awards this year.

UOB Asset Management bags two awards with bottom-up approach

PMB Investment Bhd’s Dana Mutiara won the award for Best Equity Malaysia Income (Islamic) in the three-year category by generating a total return of 52.93% as at end-2021.

PMB Investment wins award by seeking out undervalued stocks

Manulife Investment Management (M) Bhd bagged a fund award at the Refinitiv Lipper Fund Awards 2022. Its Manulife Investment Shariah Progress Fund won the award for Best Equity Malaysia Diversified (Provident) in the 10-year category, when it achieved a cumulative return of 174.25% over the period.

Manulife Investment Management bags an award

Inter-Pacific Asset Management Sdn Bhd’s (InterPac) InterPac Dana Safi Fund won the award for Best Mixed Asset MYR Flexible (Islamic) in the three-year category, after seeing returns of 126.2%.

Inter-Pacific Asset Management wins Best Mixed Asset Award

Eastspring Investments Bhd bagged two awards at the Refinitiv Lipper Fund Awards 2022. Eastspring Investment Asia Select Income won the award for Best Mixed Asset MYR Global (Malaysia) in the 10-year category, while Eastspring Investments Small Cap won the award for Best Equity Malaysia Small and Mid-Caps (Provident) in the 10-year category.

Eastspring bags two awards with research-driven investment style

Areca Capital Sdn Bhd took home three awards at the Refinitiv Lipper Fund Awards 2022. It was the fifth year in a row that Areca equityTrust won the award for Best Equity Malaysia (Malaysia) in the three-, five- and 10-year categories.

Areca wins Best Equity Malaysia awards five years in a row

By staying true to its investment philosophy of never being fully invested at all times, Pheim Asset Management Sdn Bhd bagged four awards at the Refinitiv Lipper Fund Awards 2022.

Pheim wins mixed-asset awards for seven consecutive years

AmanahRaya Investment Management Sdn Bhd (ARIM) broke its record by winning six awards at the Refinitiv Lipper Fund Awards 2022. AmanahRaya Syariah Trust won Best Bond MYR (Islamic) awards in the three-, five- and 10-year categories while AmanahRaya Unit Trust won the awards for Best Bond MYR (Malaysia) in the same categories.

AmanahRaya has a smashing year

Affin Hwang Asset Management Bhd (AHAM) won the group award for Best Equity Malaysia (Islamic) while Affin Hwang Select Balanced took home the awards for Best Mixed Asset MYR Global (Provident) in the three- and five-year categories.

Affin Hwang wins group award and two fund awards

Last year was not an easy one for bond fund managers to navigate, given the rising interest rate environment. However, AmFunds Management Bhd’s (AmFunds) fund managers managed to find opportunities, leading to the firm winning the Best Bond Group (Provident) award and three other awards at the Refinitiv Lipper Fund Awards 2022.

AmFunds navigates challenging bond market to win group award

Hong Leong Asset Management Bhd (HLAM) continued its winning streak by taking home 15 fund awards and one group award at the Refinitiv Lipper Fund Awards 2022. It won the award for Best Equity Group (Provident) for the third year running.

HLAM wins big with 15 fund awards and a group award

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...

The Policy Puzzle: The Fed Should Not Cut Interest Rates Yet

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting

Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.

Oil falls 1.5%, ends week lower on China demand fears

A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and US economic data showed an improving inflation landscape, sending Treasury yields lower.

US inflation data lifts global stocks, lowers Treasury yields

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street closes up on revival supported by inflation data, tech stocks

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month