Malaysia is Asia’s largest SRI market
KUALA LUMPUR: Malaysia has emerged as the largest Sustainable and Responsible Investment (SRI) market in Asia, except Japan.
Currently, Malaysia is the world’s second-largest Islamic fund market globally, accounting for about 29 per cent of the US$56 billion (RM219.21 billion) global asset under management (AUM).
Securities Commission executive director (market & corporate supervision) Kamarudin Hashim said the local market was well positioned to benefit from the rapidly expanding SRI market segment, with global AUM estimated at around US$23 trillion.
“Looking ahead, we see the Malaysian capital market to continue to lead the region with SRI, which is applicable to both conventional and syariah-compliant funds, as well as products such as unit trusts, real estate investment trusts, exchange funds and venture capital funds,” said Kamarudin at a prize giving ceremony of Morningstar Malaysia Fund Awards 2018, here, yesterday.
The winners of Morningstar Malaysia Fund Awards 2018 are Affin Hwang Select Asia (exJapan) Opportunity for the Best Asia Pacific Equity Equity Fund category, Libra AsnitaBond Fund (Best Malaysian Shariah Bond Fund), Libra BondExtra Fund (Best Malaysian Bond Fund), PMB Shariah Premier Fund (Malaysia’s Best Capital Shariah Equity Fund) and Affin Hwang Select Opportunity (Malaysia’s Best Capitalization Equity Fund).
Morningstar Malaysia Fund Awards 2018 is organised by Morningstar Asia Ltd, a subsidiary of Morningstar Inc, which is listed on the Nasdaq market, providing independent investment research.
The Morningstar Malaysia Fund Awards are an annual event that aims to help identify the most value-added funds for investors. It uses quantitative methodologies in selecting winner-backed performance for a period of up to five years.