KENANGA Investors Bhd, the asset management arm of Kenanga Investment Bank Bhd, bagged five awards at the recent Refinitiv Lipper Fund Awards 2020.
The fund house’s Shariah flagship fund, Kenanga Syariah Growth Fund, was named Equity Malaysia-Malaysia Islamic, 10 years, while Kenanga Diversified Fund was awarded a double honour: Mixed Asset MYR Flexible — Malaysia Pension, five years and Mixed Asset MYR Flexible — Malaysia Pension, three years.
As fund manager, Kenanga Investors won the Best Mixed Asset Award — Malaysia Pension and Best Equity Award — Malaysia Islamic titles.
“This is the third time that Kenanga Investors has won Best Equity at the awards,” said executive director and CEO Ismitz Matthew De Alwis (pic) in a statement today.
The awards, granted annually, highlights funds and fund companies that excelled in delivering consistently strong risk-adjusted performance relative to their peers.
Addressing the Covid-19 pandemic that has enveloped nations worldwide, De Alwis urged investors to remain calm and objective with their current investment holdings instead of resorting to panic-selling.
Investors need to revisit their original investment objectives, those that are long-term in nature, including most unit trusts, which need time to achieve their stated objectives.
“By allowing your holdings to ride out market volatility, your investments will be able to generate their expected returns at the end of their investment periods.
“Oftentimes, when investors relinquish their holdings when the market is in a downturn, they miss out opportunities for future price increases,” he added. — April 17, 2020
