KUALA LUMPUR: Kenanga Investors Bhd has emerged as the recipient of three prestigious awards at the FSMOne Recommended Unit Trust Awards 2023/2024.
The company’s Kenanga Growth Fund Series 2 (KGFS2), Kenanga Shariah Growth Opportunities Fund (KSGOF), and the Kenanga Shariah OnePRS Growth Fund (KSOGF) have clinched the Sector Equity – Malaysia Focused, Sector Equity – Malaysia Small to Medium Companies (Islamic), and the Private Retirement Scheme – Growth (Islamic) awards respectively.
This achievement signifies KGFS2 and KSGOF’s consecutive victories in their respective categories, a testament to their outstanding performance.
Datuk Wira Ismitz Matthew De Alwis, the executive director and chief executive officer of Kenanga Investors Bhd, explained the success behind their investment strategies.
He stated, “After determining the asset allocation, including invested and cash levels, the portfolio is constructed based on sector and stock selection. We prioritize high conviction stocks and allocate them accordingly, except in instances of liquidity constraints.”
In times of high market volatility, Kenanga’s investment team tactically reduces equity exposure to adopt a defensive position.
Ismitz added, “Given the current market conditions, characterized by potential volatility and the Federal Reserve’s focus on combating inflation, we maintain a prudent investment strategy.”
“We maintain a balanced approach in terms of market and sector positioning. Although domestic fundamentals and valuation remain favorable, global risk events can still impact the market. At the sector level, we continue to favor the consumer and industrials sectors. Additionally, we identify trading opportunities in the oil & gas sector, while maintaining a buy on weakness stance for the tech sector, which is a key beneficiary of long-term growth trends,” he elaborated.
The award-winning KSGOF fund has delivered remarkable returns of 154.46% since its inception, outperforming its benchmark of 71.71%.
Similarly, the KGFS2 fund has showcased sustainable performance, generating a return of 49.53% compared to a benchmark of 46.06% since its inception. Additionally, KSOGF has exhibited commendable returns of 9.90% against a benchmark of 4.95% since its inception, highlighting its consistent long-term growth.
Credit: The Star : Business Feed
