Kenanga Growth Fund Series 2 Wins at the FSMOne Recommended Unit Trust Awards 2024/25

Kuala Lumpur, 22 July 2024 – Kenanga Investors Berhad (“Kenanga Investors”) has received the Sector Equity – Malaysia Focused award for the Kenanga Growth Fund Series 2 (“KGFS2”) at this year’s FSMOne Recommended Unit Trust Awards 2024/2025 (“the Awards”). 

This accolade marks the fund’s exceptional performance and Kenanga Investors’ top-tier investment solutions.

Datuk Wira Ismitz Matthew De Alwis, Executive Director, and Chief Executive Officer of Kenanga Investors said, “We are honoured to receive this award for the second year running. This achievement reflects our commitment to delivering superior investment opportunities to our investors. The investment team adopts both top-down and bottom-up research approaches in portfolio construction. Our top-down research will drive our asset and country/sector allocation decisions while the bottom-up research approach identifies undervalued stocks in sectors we like. We prefer to interview corporate management to gain a thorough understanding of the business model, management quality, sustainability of growth and earnings, while identifying key risks in the business cycle, industry and companies that we invest in.”

The Fund was launched in 2018 as a follow-up to its flagship fund, Kenanga Growth Fund, and has delivered 77.41%* in returns against a benchmark of 58.80%* since inception, in accordance with its objective to provide Unit Holders with long-term capital growth. KGFS2 is deeply rooted in Kenanga Investors’ investment style which is to apply a bottom-up stock picking approach by focusing on companies with strong fundamentals and proven track records.

On the fund house’s outlook in the near term, Datuk Wira De Alwis explained, “We are positive on the Malaysian equity market this year as we expect resilient Gross Domestic Product growth of 4%-5%, improving momentum of policy execution on construction and infrastructure projects, rising foreign direct investment, while valuation and foreign shareholding remains low.”

The FSMOne Recommended Unit Trust Awards recognise funds that exhibit overall consistent performance, effective risk management and a sound investment approach. Each fund is evaluated based on these criteria to identify the market’s top performing fund. 

For more information about Kenanga Investors, please visit www.kenangainvestors.com.my. 

* Benchmark: Compounded Return of 8% p.a. over 5 years
*Source of investment performance: Lipper, 31 May 2024

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