PRESS STATEMENT - PMB Investment Berhad wins best Malaysia Large-Cap Equity (Shariah) Fund at Morningstar Malaysia Fund Awards 2024
21-04-2025
Kuala Lumpur, 2 April 2024 - PMB Investment Berhad (PMB Investment), a fully-owned subsidiary of Pelaburan MARA Berhad, is proud to announce that it has secured the prestigious title of Best Malaysia Large-Cap Equity (Shariah) Fund at the Morningstar Malaysia Fund Awards 2024.
Organized by Morningstar Asia Limited, a renowned provider of independent investment research and a subsidiary of Morningstar, Inc (NASDAQ: MORN), the Morningstar Malaysia Fund Awards annually honour retail funds that have delivered exceptional value to investors across various categories throughout 2023 and beyond.
This recognition highlights the company's steadfast dedication to excellence in fund management. Hence, this award signifies PMB Investment's second consecutive win in 2023 and this year, achieved by the same fund (PMB Shariah Tactical Fund), which has demonstrated consistent performance.
The award was presented by the Managing Director of Morningstar Southeast Asia, Shihan Abeyguna to the Chief Executive Officer of PMB Investment, Mahani Ibrahim. Also present, Group Chief Executive Officer, Pelaburan MARA Berhad, Mahdzir Othman.
Mahani expressed her joy at this achievement, stating, "Winning this award is a testament to the dedication of our fund managers and our company. It serves as inspiration for the entire team at PMB Investment to continue delivering consistent returns to our investors through sound fund management practices, under the umbrella of MARA Corporation Sdn Bhd."
She added, "Last year was marked by challenges and volatility. Our strategy for outperforming others entailed greater responsiveness and consistent adjustments to our portfolio to align with market conditions. As a result, the exceptional performance of our unit trust funds, including the PMB Shariah Tactical Fund, demonstrates our capability to navigate market uncertainties and deliver value to our investors. Investing with PMB Investment is always a wise choice."
The PMB Shariah Tactical Fund provides investors with a tactical asset allocation strategy, offering flexibility to rebalance its allocation between different asset classes, including Shariah-compliant equities, Shariah-compliant equity-related securities, and non-equity investments such as sukuk, Islamic money market instruments, Islamic deposit placements, and other Shariah-compliant permitted investments, based on market conditions. Its allocation to equity or non-equity assets may range between 0% and 100% of the Fund's Net Asset Value (NAV).
With a remarkable return of 70% over the five (5)-year period ending on 31 December 2023, the PMB Shariah Tactical Fund has consistently delivered impressive results. Additionally, it recorded returns of 23% over three (3) years and 24% over one (1) year, both ending on 31 December 2023.
Looking ahead to market prospects for 2024, Mahani highlighted challenges posed by the global downturn but expressed optimism about potential growth opportunities in infrastructure projects and government policy decisions that could boost investor confidence, particularly among foreign investors in the local market.
PMB Investment, as a fully-owned subsidiary of Pelaburan MARA Berhad, operates as an Islamic Fund Management Company (IFMC), managing 19-unit trust funds, including wholesale funds, and several portfolio mandates with investments in equity and sukuk asset classes.
- END -
For further information, please contact:
TAHA RUSYDI MOHD NAZRI
Manager, Marketing Communications
Pelaburan MARA Berhad
Tingkat 2, Wisma PMB,
No 1A Jalan Lumut
50400 Kuala Lumpur
T: 03-4145 3830
F: 03-4145 3801
M: 012-2737 685
taha.rusydi@pelaburanmara.com.my
