Maybank Asset Management Wins Best of the Best Awards 2015 by Asia Asset Management
Hong Kong, 15 March 2016 – Maybank Asset Management Sdn Bhd (Maybank AM) has emerged as proud winners of Asia Asset Management Best of the Best Awards for Country category 2015, in the categories of Best Islamic Product and Rising Star.
Asia Asset Management is a regional publication which focuses on institutional fund markets. Its annual Best of the Best Awards have made their mark on the industry by recognising the most outstanding players in the fund management business in Asia for the past 12 years. The annual award are divided into three categories: Performance, Country, and Regional awards; in which are participated by top fund management companies and service providers.
The Country awards are focused on the comparison of achievements and skill of each fund management company against other companies from the same country. It draws out the best from each country and looks at the company’s overall impact in shaping the nation’s asset management sector.
Maybank AM has been selected as the Best Islamic Product for Amanah Hartanah Bumiputera (AHB), a Shariah-compliant unit trust fund that invests primarily in commercial properties in prime location within Malaysia. The Fund is selected based on a set of evaluation criteria which recognises the unique features. The Fund seeks to provide unit holders with regular and consistent income stream while preserving unit holders’ investment capital backed by the Fund sponsor, Pelaburan Hartanah Bumiputera (PHB), a strong estate investment firm in the country established since 2006.
First launched in October 2010 with 1 billion units, the Fund had since increased its fund size by a total of 1 billion units as at 2013. Current Fund asset under management is approximately MYR1.7 billion as at 30 Nov 2015. Since its launch, AHB has maintained an annualised yield of 6.50% and increased to 6.60% in year 2014. The Fund is currently distributed via Maybank Malaysian branches, and is also available for subscription via Employee Provident Fund (EPF) Members’ Investment Scheme.
In addition, Maybank AM was also proud to be selected as co-winner of the Rising Star category having demonstrated a great promise within the country’s fund management industry. The results were also based on having demonstrated significant financial achievement with the growth of assets under management raised from both retail and institutional investors, strategic development for the enterprise and range of products/ services, integrity, innovation and most importantly, customer service. Maybank AM AUM size has grown 2.1 times from MYR6.5 billion to the present MYR14 billion AUM for the period between 30 November 2014 until 30 November 2015.
“By receiving the awards, we are greatly encouraged. It is indeed an affirmation of our relentless commitment to offer innovative products and services that will meet the evolving needs of our institutional and retail clients. It is also a testimony of our extensive efforts we take in training and nurturing the right talents to provide clients with the best investment services. This award also goes out to our clients who have supported us,” said Mr Badrul Hisyam, CEO of Maybank AM Malaysia.
Poised to offer investors a diverse range of investment solutions through focused expertise in Asian and strong on-the-ground presence in ASEAN for conventional and Islamic assets as well as private equity, Maybank AM is the one to watch.
About Maybank Asset Management (Maybank AM)
Maybank Asset Management Group Berhad (Maybank AM) is one of the pioneers in the local asset management industry with over 30 years of experience specialising in Asian markets. Maybank AM is wholly owned by Malayan Banking Berhad (Maybank), recognised as one of Malaysia's largest banking groups and was ranked amongst the 20th strongest banks in the world rated by Bloomberg Markets*.
Our presence spreads across four (4) key markets in Asean namely, Malaysia, Singapore, Thailand and Indonesia offering Asian based investment solutions encompassing both conventional and Islamic assets. In addition to fund management services, we also offer alternative investment solutions through our private equity arm. Our portfolio management services cater to all types of investors including corporate and institutions, high net-worth individuals and mass retail.
We have a strong foothold in Asean with strategic intent to enhance our investment capabilities with on-the-ground market intelligence and expertise as well as expanding our regional distribution capabilities to market products cross-border.
Maybank AM Group's asset under management (AUM) stands at MYR 19.2 billion as at 29 February 2016.
* In terms of assets and among other things, capital strengths, asset quality, strong reserves as well as deposit and funding strength, as at July 2014.
The contents of this press release are intended to provide the reader with general information and are not a substitute for legal and investment advice.
The content of this press release is deemed to be accurate and current as at the date of this press release.
While care has been taken in the preparation of information, Maybank AM shall not be liable for any inaccuracy or incompleteness of the information of this press release.
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