The annual Morningstar Malaysia Fund Awards recognise retail funds that have added the most value for investors within the context of their relevant peer group in 2021 and over longer time periods. Morningstar selects the winners using a quantitative methodology, along with a qualitative overlay. Weightings to one-, three-, and five-year risk-adjusted performance are factored into the methodology.
Wing Chan, Morningstar’s Head of Manager Research, Europe and Asia Pacific, remarked: “Our 2022 winners have proven themselves to be excellent stewards of investors’ capital. They have demonstrated their abilities to navigate through market volatility and deliver excellent returns over the longer term. We applaud all winners for their outstanding achievements.”
The 2022 Morningstar Awards winners in Malaysia are:
|
Morningstar Category Awards |
Winner |
|
Best Asia-Pacific Equity |
PB Asia Equity Fund |
|
Best Malaysia Bond Fund |
AmanahRaya Unit Trust Fund |
|
Best Malaysia Bond (Shariah) Fund |
AmanahRaya Syariah Trust Fund (Syariah Bond Fund) |
|
Best Malaysia Large-Cap Equity Fund |
Kenanga Growth Fund Series 2 (USD) |
|
Best Malaysia Large-Cap Equity (Shariah) Fund |
Public Islamic Alpha-40 Growth Fund |
Methodology
The Morningstar fund category awards are based on Morningstar fund data as of 31 December 2021. The awards methodology emphasises the one-year period, but funds must also have delivered strong three- and five-year returns after adjusting for risk within the awards peer groups in order to obtain an award. In selecting winners, fund returns are adjusted for risk using the Morningstar Risk, a measure which imposes a higher penalty for downside variation in a fund’s return than it does for upside volatility. For the full methodology, please click here. The full methodology for the awards is available here.
