“In the face of challenging global macroeconomic conditions, including rising interest rates and persistent inflation, our portfolios continued to demonstrate resilience and adaptability over the past year. This outperformance hinges on our core strategy of bottom-up stock-picking which is underpinned by our investment philosophy of combining fundamental research with relative value approach in order to produce risk adjusted returns,” says Executive Director and Chief Executive Officer, Datuk Wira Ismitz Matthew De Alwis.
From analysing industry dynamics and trends to individual company business models, Datuk Wira De Alwis says the firm was able to gain valuable insights thereby enabling informed decision-making. “By monitoring most of the key companies within each sector, we were able to size positions effectively across portfolios. The construction, utilities and regional technology sectors were particularly successful, playing a crucial role in our achievement,” he explains.
On the current economic outlook for this year, Chief Investment Officer Lee Sook Yee says “We are adopting a tactical overweight position in equities, driven by a positive outlook. We will remain ready to readjust our allocations depending on market conditions. Our strategy remains consistent by focusing on bottom-up stock-picking.”
Globally, she sees some opportunities in the semiconductor sector due to increased AI demand. “AI adoption is in its early stages, with corporations and governments looking to ramp up deployments this year. We are also positive on sectors such as construction, property and renewable energy domestically due to an encouraging momentum in policy execution,” Lee elaborates. Additionally, she states that an anticipated recovery for global smartphones and PCs leading to a positive sentiment towards the local tech and manufacturing sectors, has contributed to the firm’s overweight position on Malaysia this year.
KMIF picks up its fourth title at the Awards by delivering returns of 111.53% (10 years) and 64.70% (5 years) as at 31 December 2023. For the same period, KDF’s returns stood at 70.35% (10 years) and 47.01% (5 years).
For more than three decades, the Awards have recognised funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers. Based on Lipper’s quantitative, proprietary methodology, the Awards reflect a truly independent and uncompromised assessment of fund performance.
For more information about Kenanga Investors, please visit www.kenangainvestors.com.my
Hashtag: #Kenanga
https://www.kenangainvestors.com.my/
The issuer is solely responsible for the content of this announcement.
About Kenanga Investors Berhad 199501024358 (353563-P)
We provide investment solutions ranging from collective investment schemes, portfolio management services, and alternative investments for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
The Hong Kong-based Asia Asset Management’s 2024 Best of the Best Awards awarded KIB under the following categories, Malaysia Best Impact Investing Manager, Best Impact Investing Manager in ASEAN, Malaysia Best Equity Manager, Malaysia CEO of the Year, Malaysia CIO of the Year, Malaysia Best House for Alternatives, Malaysia Most Improved Fund House and Malaysia Best Investor Education.
At the LSEG Lipper Fund Awards Malaysia 2024, KIB received awards for the Kenanga Malaysian Inc Fund (“KMIF”) under the best Equity Malaysia Diversified – Malaysia Pension Funds over 10 Years and the Kenanga Diversified Fund (“KDF”) under the best Mixed Asset MYR Flexible – Malaysia Pension Fund over 10 Years.
The FSMOne Recommended Unit Trusts Awards 2023/2024 named Kenanga Growth Fund Series 2 as “Sector Equity – Malaysia Focused”, Kenanga Shariah Growth Opportunities Fund as “Sector Equity – Malaysia Small to Medium Companies (Islamic)” and Kenanga Shariah OnePRS Growth Fund as “Private Retirement Scheme – Growth (Islamic)”.
For the seventh consecutive year, KIB was affirmed an investment manager rating of IMR-2 by Malaysian Rating Corporation Berhad, since first rated in 2017. The IMR rating on KIB reflects the fund management company’s well-established investment processes and sound risk management practices. As at end-June 2023, most of KIB’s funds had performed better than benchmarks and were comparable to peers.
This Press Release was issued by Kenanga Group’s Marketing, Communications & Sustainability department.
Disclaimer: Investors are advised to read and understand the Master Prospectuses (“MPs”), the Supplemental Master Prospectus (“SMP”) (if any), Information Memorandums (“IM”) (if any), Product Highlights Sheets (“PHS”) as well as consider the fees, charges and risk factors involved before investing. The MP, SMP (if any), IM (if any) and PHS have been registered and/or lodged with the Securities Commission Malaysia (“SC”), who takes no responsibility for its contents and related advertisement or marketing materials, does not indicate that the SC has recommended or endorsed the product/service. The advertisement has not been reviewed by the SC. Investors have the right to request for a copy of PHS and other relevant product disclosure documents which are available at our office, at any authorised distributors and our corporate website before making investment decisions. If you are in doubt when considering the investment or any of the information provided, you are advised to consult a professional adviser. A Fund’s track record does not guarantee its future performance. Kenanga Investors Berhad is committed to prevent conflict of interest between its various businesses and activities and between its clients/director/shareholders and employees by having in place procedures and measures for identifying and properly managing any apparent, potential and perceived conflict of interest by making disclosures to Clients, where appropriate. Kenanga Investors Berhad 199501024358 (353563-P).
