KUALA LUMPUR: Public Bank Bhd’s unit, Public Mutual has won AsianInvestor’s “Best Malaysia Onshore Fund House” award for the second consecutive year.

Public Mutual chairman Tan Sri Teh Hong Piow received the award from AsianInvestor associate publisher Rebekka Kristin at Public Mutual’s annual awards night here on May 17.

AsianInvestor is a Hong Kong publication focusing on the region’s asset management industry. It introduced the AsianInvestor - Investment Performance Awards in 2001 to celebrate the excellence in investment performance by the fund managers in Asia Pacific.

Kristin said Public Mutual was named “Best Malaysia Onshore Fund House” due to its resilient performance in a year of financial uncertainty.

“This award acknowledges the outstanding achievements of everyone at Public Mutual who has worked so hard for, in what is truly a challenging industry at the moment,” she said.

Teh said this international recognition also marked the company’s 135th industry award since 1999.

“This esteemed award demonstrates Public Mutual's commitment in continuously delivering top value as well as meeting the diverse needs of our unitholders,” he said.