Areca Capital fund wins Best Equity Malaysia for seventh year in a row
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Areca Capital Sdn Bhd has won the Best Equity Malaysia award for the seventh consecutive year at the LSEG Lipper Fund Awards 2024. The fund house's Areca equityTRUST fund received the award in the five- and 10-year categories. CEO Danny Wong attributes the fund's success to its agile investment philosophy and emphasis on appropriate asset allocation. The fund performed well in 2023 by increasing cash holdings during peak-pessimistic levels and making sectoral calls in utilities, property, and healthcare stocks. The Areca equityTRUST fund, launched in 2007, generated a cumulative return of 5.21% over the past year, with returns of 80.41% and 170.57% over the past five and 10 years, respectively. The fund's sector allocation is primarily in construction and properties, technology, and industrial sectors. Areca Capital plans to continue its investment formula, which has proven successful over nearly two decades.

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https://theedgemalaysia.com/node/705429