---------- Forwarded message ---------- From: [email protected] <[email protected]> Date: 24 Feb 2009 00:40 Subject: 06-02-2009: Public Mutual and Maybank Investment Bank win big To: [email protected]
[email protected] comments on this article:*FYI, TQ.* --------------------------- 06-02-2009: Public Mutual and Maybank Investment Bank win big*05:18PM (06-02-2009)* KUALA LUMPUR: Public Mutual Bhd was honoured with the Best Overall Fund group award at the 10th edition of The Edge-Lipper Malaysia Fund awards ceremony last night. The fund house also scooped up six individual awards, making it the biggest winner yet again, a feat it has maintained for several years now. The Edge-Lipper Malaysia Fund Awards is held annually to recognise top Deputy Prime Minister Datuk Seri Najib Razak (left) presenting the Best Overall Fund group award to Public Bank founder and chairman Tan Sri Teh Hong Piow at the 10th edition of The Edge-Lipper Malaysia Fund awards ceremony in KL last nite. *Photo by Mohd Izwan Mohd Nazam* performing unit trust funds in the country. This year?s awards honour the best funds for the year ended Dec 31, 2008. Only funds that have done well over the longer time periods of three years and beyond are recognised, in line with the practice of the global Lipper Fund Awards. Winners are determined based on the Lipper Leader ratings for Consistent Return, a risk-adjusted investment performance return measure developed by Lipper. Twenty-four awards covering nine fund categories were given out this year, including Islamic funds that topped their respective Lipper classifications. In addition to the best overall fund group awards won by Public Mutual, three other group awards were presented for Bond, Equity and Mixed Assets. The Edge-StarMine Malaysia Analysts Awards 2008 winners with dignitaries. *Photo by Mohd Izwan Mohd Nazam* AmInvestment Services Bhd grabbed top spot in the first category while OSK-UOB Unit Trust Management Bhd were the winners in the second and third categories. These two fund houses were also big winners for the night, reaping three individual fund awards each. Commenting on the awards, Lipper chief operating officer Eric Almquist said: ?The Lipper awards are based on consistently superior, risk-adjusted performance by fund companies and groups relative to their peers. We congratulate the winners, particularly given the challenging financial markets.? Apart from recognising the top unit trust funds, this year also saw the debut of The Edge-StarMine Malaysia Broker Rankings and The Edge-StarMine Malaysia Analyst Awards, which honour the top brokers and analysts for 2008. The Edge-Lipper Malaysia Fund awards 2009 winners with dignitaries. *Photo by Mohd Izwan Mohd Nazam* Maybank Investment Bank Bhd emerged among the top three in three out of the four categories of the broker rankings. It was ranked tops for earning estimates in the Malaysia Mid-and-Small-Cap Stocks category, and came in second in the FTSE Bursa Malaysia 30 (recommendations) and Malaysia Mid-and Small-Cap-Stocks (recommendations) categories. For the analyst awards, independent analyst Andrew Lee came in tops as the overall top stock picker. Nomura Malaysia Sdn Bhd?s Eltricia Foong and Affin Investment Bank Bhd?s May Pearl Wong were ranked second and third respectively. Iain McNeil, vice-president of StarMine Sell-side, said: ?We are pleased to partner with The Edge Malaysia in rewarding the 2008 performance of the sellside brokers and analysts that continued to find pockets of value and produce insightful, differentiated research for fund managers during such an obviously difficult year.? The Edge editor-in-chief Ho Kay Tat said the publication was proud of its partnership with Thomson Reuters and would continue to play its role in supporting the development of the investment industry and to serve its readers with in-depth and timely coverage. ?As we ride through volatile times, investors can only benefit by having more transparency and greater access to information ? information that allows them to understand the risk that a fund takes to earn its return, and to identify consistent performance; information that allows them to differentiate the value of equity research. That?s where The Edge comes in,? Ho added. --- end --- --- Article Information --- This article was emailed from http://www.theedgedaily.com:80/cms <http://www.theedgedaily.com/cms>. Article's URL: http://www.theedgedaily.com:80/cms/content.jsp?id=com.tms.cms.article.Article_49b36eee-cb73c03a-1c6866d0-28c626e7 <http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_49b36eee-cb73c03a-1c6866d0-28c626e7> -- Thanks & regards BLOG http://islamicfinance2u.blogspot.com FACEBOOK http://www.facebook.com/profile.php?id=523313603&ref=profile#/profile.php?id=523313603&v=info&viewas=523313603 GALLERY 1 http://www.new.facebook.com/profile.php?id=523313603&v=photos GALLERY 2 http://picasaweb.google.co.uk/islamicfinance2u/ FATKURRADZI JAMIL BA Hons Accounting (UK), Dip in Accountancy (UiTM) Islamic Unit Trust Consultant Mobile | +6013 391 2695
