What is remarkable that apparently fund size did not play a role in the selection process.
From an international point of view, a USD 500M fund or larger has a decent size, that would correspond to a fund of more than RM 2 Billion. Almost no awarded fund fits that size.
In Singapore it has been said that a hedge fund (I admit, that is a different breed from a pure equity or bond fund, but just for comparison sake) has to have a minimum of about USD 50 Million to have a sufficient size to survive (because of expenses, compliance etc.), in other words more than RM 200 Million. But many of the awarded Malaysian funds don't even have this size.
There are quite a few awarded funds with its size below RM 25 Million, way too small to consider, in my humble opinion.
And then there is even one fund with a size less than RM 1 Million.
Honestly, those micro size funds should not have been considered for the awards. At a very small size one can invest in opportunities that are not available at a larger fund size.
In plain English: if investors pour money in these awarded funds based on their previous track record (achieved at a very small size), they might be disappointed in the future.
Anyhow, I think there are much too many unit trust funds in Malaysia. I can imagine some choice between bond funds and equity funds, pure Malaysian focused and international focused, but some fund houses have more than 20 funds. I question the amount of focus given to each fund by the managers. And with so many funds under one umbrella it will be hard not to win an award.