RHB Asset Management Sdn Bhd (RHBAM) on Monday launched a wholesale fund that puts investors’ money in an actively managed exchange-traded fund (ETF) managed by JPMorgan Asset Management.

RHB Asset Management launches Global Equity Premium Income Fund

KUALA LUMPUR (March 27): HSBC has announced a US$1 billion Asean Growth Fund in six of the fastest growing countries in Asean, namely Malaysia, Singapore, Thailand, Indonesia, Vietnam and the Philippines.

HSBC launches Asean Growth Fund, supporting growth in the region

The year 2023 was full of surprises, some good and some, not so. On the bright side, the global economy performed better than expected. Inflation showed signs of slowing down and the US markets performed well. The S&P 500 Index hit an all-time-high, led by tech stocks, thanks to the widespread application of artificial intelligence (AI).

Winners list

While 2023 was another volatile year for investors, the local fund management industry performed well. The winners of the LSEG Lipper Fund Awards were able to cut through the noise and navigate the uncertainties to deliver good returns to investors.

Of surprises,  agility & resilience

Criteria (Cumulative)


	Funds registered for sale in the respective country as at the end of the calendar year of the respective evaluation year.
	At least 36 months of performance history as at the end of the calendar year of the res...

LSEG Lipper Fund Awards Methodology 2024

The global fund industry experienced a harvest year in 2023, said Xav Feng at the LSEG Lipper Fund Awards 2024, which was held on March 8 at the Mandarin Oriental Hotel in Kuala Lumpur. Feng, LSEG Lipper Asia Pacific head of research, pointed out that global funds received net inflows of US$1.24 trillion (RM5.81 trillion).

A harvest year for the global fund industry

Manulife Investment Management (M) Bhd was again the biggest group award winner at the LSEG Lipper Fund Awards 2024, where it took home three group awards for the second year in a row. It won the awards for Best Equity Group (Malaysia), Best Equity Group (Islamic) and Best Mixed Assets Group (Provident).

Manulife returns as biggest winner of group awards

KAF Investment Funds Bhd emerged as one of the biggest winners at the LSEG Lipper Fund Awards 2024. It clinched the Best Equity (Provident) Group award and 10 individual awards.

KAF Investment Funds shines

Maybank Asset Management Sdn Bhd (MAM) has emerged as a big winner at the LSEG Lipper Fund Awards 2024, taking the Best Bond Group (Islamic) award and seven individual awards.

Maybank clinches one group and seven individual awards at LSEG Lipper Fund Awards 2024

AmFunds Management Bhd clinched a group award and two individual awards at the LSEG Lipper Fund Awards 2024. It was the winner of the Best Bond Group (Malaysia) award.

AmFunds wins two awards in bond category

UOB Asset Management (M) Bhd (UOBAM) won the Best Mixed Asset (Malaysia) Group Award at the LSEG Lipper Fund Awards 2024. This is the second consecutive year that it has won the accolade.

UOB Asset Management takes home group award

Despite the challenges and risks of financial market volatility due to persistently high inflation in 2023, Public Mutual Bhd bagged 21 fund awards at the LSEG Lipper Fund Awards 2024.

Public Mutual a top winner with 21 individual awards

Principal Asset Management Bhd walked away with five awards at the LSEG Lipper Fund Awards 2024, once again emerging as a big winner in the regional and global space.

Principal wins big in regional and global category

PMB Investment Bhd, a wholly-owned subsidiary of Pelaburan Mara Bhd, clinched four fund awards at the LSEG Lipper Fund Awards 2024 and maintained its winning streak with the PMB Shariah Equity Fund and PMB Shariah Tactical Fund.

PMB Investment outperforms partly through under-the-radar small-cap stocks

Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

The government’s move to introduce a pilot phase of the progressive wage policy is the right approach towards achieving the intended target to boost labour productivity growth in Malaysia, according to a World Bank economist.

Progressive wage policy right approach to boost growth in Malaysia's labour productivity — World Bank economist 

Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.

Hong Kong home prices rise for first time in 11 months after curbs scrapped

Kiribati's parliament has voted to remove Australian-born High Court Judge David Lambourne, who said on Friday the move was politically motivated and an attack on the independence of the Pacific Island nation's judiciary.

Kiribati parliament votes to remove Australian-born high court judge

Decarbonization Partners, a joint venture (JV) between BlackRock and Temasek, has announced the final close of US$1.40 billion (S$1.90 billion or RM6.69 billion) for its inaugural late-stage venture capital and growth private equity investment fund.

Temasek-BlackRock JV Decarbonization Partners raises US$1.4b for inaugural fund

Escalating tensions in the Middle East and risk of a delayed easing in global interest rates could threaten Singapore’s economic rebound this year, according to the central bank’s latest review.

Singapore’s path to faster economic growth is riddled with risks

The Bank of Japan (BOJ) kept interest rates around zero on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year.

BOJ keeps ultra-low rates, projects inflation near 2% for years

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Chinese vehicle manufacturer Chery's Jaecoo marked the debut of its J7 PHEV and J8 PHEV from its new energy family at the 2024 Beijing International Automotive Exhibition.

Jaecoo marks debut of J7 PHEV, J8 PHEV at 2024 Beijing auto show

Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.

Singapore home price growth slows, rents decline as market cools

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox shares on pace for worst day in 18 months as 1Q disappoints

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.

Analysts positive on Capital A's restructuring plan to get it out of PN17

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Battle for 'tech luxury' in China as EVs get smarter — and cheaper

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

Asia stocks, yen tentative with eyes on BOJ decision

Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google parent Alphabet announces first-ever dividend, shares soar

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

UK warns universities about research threat from foreign states

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

China prepares UN resolution to tap AI for good

The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.

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