The awards recognise those funds and asset managers that have served investors well over the long term and which Morningstar’s manager research team believes will be able to deliver strong risk-adjusted returns in the longer term.
The annual Morningstar Fund Awards recognise the retail funds and fund groups that added the most value for investors within key sectors and across asset classes. Morningstar selects the winners using a quantitative methodology, and eligible funds require a three-year performance track record. Weightings to one-, and three-year performance are factored into the methodology, along with a qualitative overlay.
“The Morningstar Fund Awards commends funds and asset managers that served investors well by delivering top notch risk-adjusted performance for investors in 2022 and over longer time periods. Morningstar’s manager research team have used Morningstar’s extensive datasets and quantitative methodology to determine the winners across equity and fixed income categories, as the leading funds within Malaysia for investors,” said Wing Chan, head of manager research, Europe and Asia Pacific, Morningstar.
The 2023 Morningstar Fund Award – Malaysia winners are:
|
Morningstar Category Awards |
Winner |
|
Best Asia-Pacific Equity |
KAF Jade Fund |
|
Best Malaysia Large-Cap Equity Fund |
KAF Core Income Fund |
|
Best Malaysia Large-Cap Equity (Syariah) Fund |
PMB Shariah Tactical Fund |
|
Best Malaysia Bond Fund |
AmanahRaya Unit Trust Fund (ARUTF) |
|
Best Malaysia Bond (Syariah) Fund |
AmanahRaya Syariah Trust Fund (ARSTF) |
Methodology
The Morningstar fund category and fund house awards are based on Morningstar fund data as of 31 December 2022. The awards methodology emphasises the one-year period, but funds must also have delivered strong three-year returns after adjusting for risk within the award 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.
The full methodology for the awards is available here.
