KUALA LUMPUR – Kenanga Investors Berhad (Kenanga Investors) was awarded six awards at the 2022 Best of the Best Awards by Hong Kong-based Asia Asset Management (AAM).
The company received awards under the categories as follow:
- Malaysia Best Equity Manager
- Malaysia Best Impact Investing Manager
- Best Application of ESG (ASEAN)
- Malaysia Best House for Alternatives
The remaining two categories were individuals where Kenanga Investors’ executive director and chief executive officer Ismitz Matthew De Alwis was awarded Malaysia CEO of the year, while the company’s chief investment officer Lee Sook Yee was named Malaysia CIO of the year.
Kenanga Investors had previously won several of the awards before this. It is the company’s fourth consecutive win for Malaysia Best Equity Manager and the sixth win for CIO Lee in the category.
De Alwis said that the company’s steady growth as an SRI-driven asset management institution within Malaysia began in 2017 when it became a signatory to the Malaysian Code for Insitutional Investors (Code). He further said in adhering to its obligation, the firm developed practices to support the Code and internalise its principles throughout the investment value chain.
It was from there that Kenanga Investors’ efforts were recognised, bagging them the awards for Malaysia Best Impact Investing Manager and Best application of ESG (ASEAN),
“We are honoured to be recognised for our efforts in supporting the Malaysian and ASEAN ESG landscape. Currently, we believe that the local and regional environments face challenges in capacity building to effectively address sustainability issues in areas such as competencies, skills and technical awareness on ways to adopt a sustainability-driven top-down model.
“We foresee that our focus in integrating ESG considerations into three major aspects; firm-wide, product and stock-level, will generate measurable value for all stakeholders”, De Alwis added.
Despite the volatile environment in 2021, the firm’s performance resulted in a fourth consecutive Malaysia Best Equity Manager title.
“Our team delivered outperforming results against a backdrop of reduced trading activities and continued market upheaval due to a degree of political instability in 2021. As bottom-up stock pickers, we believe our competitive advantage is the depth and discipline of our investment research and our focus on long-term performance, specifically 3, 5, and 10-year periods.
“Our focus on research ensures all stocks included in our portfolios have been subjected to our rigorous approach to stock selection and investment thesis verification. We purposely seek to exclude “hot stocks” which may carry unacceptable downside risk”, says Lee on the firm’s outperformance.
This year also marks the third year that the firm has been awarded Malaysia Best House for Alternatives. De Alwis explained that the firm’s overarching investment philosophy dictates that differing investment objectives require tailored solutions that cater to the unique needs of each investor.
“As the alternative investments pioneer within the Malaysian market, our alternative instruments are an additional source of uncorrelated returns, in line with one’s investment objectives. Our goal of bridging the gap between retail investors and more sophisticated forms of products which were previously only available to institutional or accredited investors have resulted in the acceleration of market growth through multiple product launches within the last three years” he says in reference to the Kenanga Global Unicorn Series, the first KLCI-based leveraged and inverse ETF with OneETF by Kenanga and more recently, the Kenanga Sustainability Series: Frontier Fund.
The AAM is the world’s longest-running publication focusing on Asia’s institutional asset management and pension fund industry. Its Best of The Best Awards recognises the finest performers in Asia from financial services companies and institutional investors to service providers whose influence and excellence expands beyond borders.
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