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KUALA LUMPUR, Malaysia, March 22, 2013 /PRNewswire/ -- Morningstar Research Pte Limited, a subsidiary of independent investment research firm Morningstar, Inc. (NASDAQ: MORN), today announced the winning funds and fund groups for the Morningstar Malaysia Fund Awards 2013.
The Morningstar Malaysia Fund Awards 2013 recognize retail funds and fund groups that added the most value for investors within the context of their relevant peer group in 2012 and over the longer term. Winners are selected using a quantitative methodology with a qualitative overlay developed by Morningstar that considers the one-, and three-year performance history of all eligible funds. Morningstar adjusts the returns for risk using Morningstar Risk, a measure that imposes a higher penalty for downside variation in a fund's return than it does for upside volatility.
"We are pleased to have a mix of high-quality asset managers, who have added value for their shareholders this year, winning awards across our equity and fixed-income award categories," said Grant Kennaway, head of Asia-Pacific fund research for Morningstar.
The winners of the Morningstar Malaysia Fund Awards 2013 are:
| FUND CATEGORY | FUND WINNER |
| Asia-Pacific Equity | Hwang Asia Quantum Fund |
| Islamic Malaysia Equity | Public Islamic Select Enterprises |
| Islamic MYR Allocation | MAAKL-CM Shariah Flexi |
| Islamic MYR Bond | PB Islamic Bond Fund |
| Malaysia Equity | AMB Dividend Trust |
| MYR Allocation | OSK-UOB Kidsave Trust |
| MYR Bond | Eastspring Investments Bond |
The Morningstar Malaysia Fund Awards are based on Morningstar fund data for the period of 1st January 2012 to 31st December 2012. For more information about the awards and the methodology, please visit http://awards.morningstar.com/.
References to and commentary on the above mentioned mutual funds should not be considered a solicitation to buy or sell that fund.
About Morningstar Research Pte Limited and Morningstar, Inc.
Morningstar Research Pte Limited is a subsidiary of Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on approximately 416,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 9 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and has approximately U.S$149 billion in assets under advisement and management as of Dec. 31, 2012. The company has operations in 27 countries.
Morningstar expanded to Asia in April 2000 and has grown its businesses into Japan,
South Korea, India, mainland China, Taiwan, Malaysia, and Hong Kong. The Asia operations not only offer timely information on mutual funds, but also insightful and independent analyses, unbiased fund ratings, and sophisticated analytical tools to help both individual and professional investors make better investment decisions.
©2013 Morningstar, Inc. All rights reserved
Media Contact:
Cecilica Chung
+852-2973-4655
cecilica.chung@morningstar.com
