Kenanga investors wins two awards at Refinitiv Lipper Global Islamic Awards

KUALA LUMPUR, 24 May 2021- Kenanga Investors Berhad’s (“Kenanga Investors”) Kenanga SyariahEXTRA Fund (“KSEF”) was awarded Best Mixed Asset MYR Balanced for 3 Years and 5 Years at the Refinitiv Lipper Fund Awards 2021 – Global Islamic (“the Awards”) bringing the total number of awards the fund has won this year to six.

In the past year, the KSEF invested primarily in a mixture of Shariah-compliant equity securities, Islamic fixed income securities and Islamic money market instruments in order to achieve diversification in the portfolio. For Islamic fixed income allocation, the Fund invested in a careful selection of high grade sukuk with emphasis placed on credit-worthy issuers of sukuk.

Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer says “The strategy employed for KSEF is in line with an active investment strategy for different market conditions to enhance risk- adjusted returns through riding market cycles, situational opportunities, value emergence and trend reversal plays. The investment team identifies key sectors or groups of Shariah-compliant securities that the fund manager believes should perform well under an anticipated economic condition. Individual Shariah-compliant securities selection will then focus on well-managed, financially sound companies with attractive relative valuations and potential for high earnings growth over the medium to long term time frame.”