.
Friday, July 14, 2017
Fund Fact Sheet - PMB Investment Berhad - ended 28 April 2017
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Ahmad Sanusi Husain - Agency Manager/Consultant - PMB Investment Berhad (Kuala Lumpur)
Whatsapp: +60192348786
Whatsapp: +60192348786
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.blogspot.my
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.blogspot.my
Master Prospectus - PMB Investment Berhad - dated 28 April 2017
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Ahmad Sanusi Husain - Agency Manager/Consultant - PMB Investment Berhad (Kuala Lumpur)
Whatsapp: +60192348786
Whatsapp: +60192348786
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.blogspot.my
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.blogspot.my
Saturday, June 3, 2017
Wednesday, May 31, 2017
Friday, May 19, 2017
Excellent track records on performance from PMB Investment Berhad's Shariah-compliant funds (3 year & 5 years performance)
Prestasi 5 tahun
Prestasi 3 tahun
Contact
Tuesday, May 2, 2017
Friday, April 28, 2017
Friday, April 21, 2017
PMB Investment Berhad - Daily Price as at 21 April 2017
5 or 14 PMB Investment Berhad's Shariah-compliant funds have recorded total returns on year-to-date (as at 21 April 2017) of above 11%. i.e total returns in 3 months 21 days.
PMB Shariah Growth Fund - 17.43%
PMB Shariah Small-Cap Fund - 15.10%
PMB Shariah Aggressive Fund - 13.99%
PMB Shariah Dividend Fund - 12.40%
PMB Shariah Premier Fund - 11.06%
If interested to know more or to invest in PMB Investment's Shariah-compliant funds, please contact me at whatsapp: 6019 234 8786 (Sanusi Consultant PMB Investment KL).
Thursday, April 13, 2017
PMB Investment Berhad - Daily Price of Unit Trust Funds as at 11 April 2017
PMB Investment Berhad - Daily Price of Unit Trust Funds as at 11 April 2017.
To know more about the Islamic funds, please contact your Islamic unit trust consultant:
Whatsapp: 6019 234 8786 (Sanusi - Consultant, PMB Investment Berhad KL).
Monday, February 13, 2017
Wednesday, January 25, 2017
Positioning Malaysia as hub for Islamic funds
The Securities Commission Malaysia (SC) launched its latest Islamic capital market (ICM) initiative with the unveiling of a five-year Islamic Fund and Wealth Management Blueprint, which vision is for Malaysia to be a leading international centre for Islamic fund and wealth management (IFWM) and to drive further development and growth of the ICM. IFWM, despite having a longer history than sukuk and banking in general, continues to be the Cinderella of the ICM. This is despite the fact that there are almost 1.5 billion Muslims in the world and the size of the Muslim professional and middle classes with an increasing amount of disposable income and affluence, continues to grow both at home and in the diaspora.
Wealth management in the form of estate planning, inheritance and pension provision in old age is vital both for investment and social security reasons. It is set to proliferate, especially following the launch in January of the dedicated RM100 billion Islamic pension fund, Simpanan Syariah, by the Employees Provident Fund (EPF), which has confirmed its plan to increase the fund by an additional RM50 billion next year.
But, why has IFWM been slow to take off as the industry enters its fifth decade in its contemporary history? The reasons are manifold. The three main asset classes in investment portfolios are usually gilts (bonds and certificates of various sorts including sukuk), real estate and equities. While in the conventional system, all the above asset classes are tried and tested and culturally accepted, the same is not true of Muslim markets.
The old adage that Arabs (and many Muslims) prefer to invest in bricks and mortars because they are tangible and can be “felt” is still having a psychological impact in the investment psyche of some Muslims, including high net worth (HNW) ultra-conservative ones. This despite the fact that the real estate sector, especially in the Gulf Cooperation Council countries, has seen several bubbles over the last few decades which has seen market collapses and affected ordinary investors badly. Governments have lowered the ceiling of exposure to real estate of banks and also banned gearing — stopping individuals borrowing money to speculate in property.
In the equities market, Saudi Arabia and Malaysia are the two largest ICM markets by far, accounting for most of the estimated US$70 billion to US$80 billion (RM310 billion to RM354 billion) global Islamic equities market, of which the kingdom accounts for an estimated US$30 billion to US$40 billion and Malaysia RM132.4 billion. But, they pale in insignificance compared with the conventional counterpart, which has assets under management (AUM) in excess of a few trillion dollars.
The sudden proliferation of the sukuk market over the last decade has detracted from the development of the equities market as financial institutions spent more resources in innovating sukuk structures as opposed to equity offerings, which on the whole remain vanilla. These asset classes, of course, are subject to the vagaries of economic cycles. Even global sukuk issuances in 2016 for instance is set to top US$80 billion, way below the US$130 billion in the halcyon days of 2012.
IFWM, like most of the direction of investment financing in the industry has traditionally been geared towards HNW people. The Islamic finance industry has failed to democratise the syariah-compliant investment space, in particular access to capital markets. How many sukuk are aimed at retail and ultra-retail investors? Here Malaysia has set the standard with Dana Infra, which has issued retail sukuk to part fund the LRT expansion in Kuala Lumpur.
Given that sukuk is now a globally acceptable investment asset class, it is not unusual to see the Californian State Pension Fund as an investor in such certificates. At least, in the equities side, Malaysia’s Islamic unit trusts and the Saudi National Commercial Bank (NCB’s) Al Ahli Islamic equity fund suite have pioneered access to syariah-compliant products. But, whether they have enjoyed the same government support in terms of tax and other incentives is a moot point.
It is against the above challenging background that Second Finance Minister Datuk Johari Abdul Ghani launched the SC Blueprint on behalf of Prime Minister Datuk Seri Najib Razak. Malaysia has an impressive record of launching blueprints and master plans for the various segments of the Islamic finance industry, backed by the requisite legal, regulatory and enforcement frameworks. This is because it is the only country where Islamic finance has been treated in a holistic, systemic way. The Islamic asset and wealth management blueprint is the latest and, perhaps, belated manifestation.
Najib in his message in the blueprint was to the point: “The IFWM Blueprint is a further demonstration of the country’s continuing leadership in Islamic finance as we seek to develop yet another new growth driver for the industry to enhance its value proposition and ensure its sustainability.” The three strategic thrusts of the blueprint are predictable — strengthening Malaysia’s positioning as a global hub for Islamic funds; establishing Malaysia as a regional centre for syariah-compliant sustainable and responsible investment; and developing Malaysia as an international provider of Islamic wealth management services.
Similarly, the 11 recommendations of the blueprint, once again, feigns ambition than substance. There are interesting themes, including enhancing market access and international connectivity; promoting the growth of private equity; facilitating new digital business models, products and services for IFWM; and providing targeted incentives to strengthen international competitiveness.
SC chairman Tan Sri Ranjit Ajit Singh reiterated at the launch: “As part of the holistic development of Malaysia’s Islamic markets and consistent with the Capital Market Masterplan II, the blueprint will also drive greater internationalisation of the Islamic fund and wealth management industry through enhanced cross-border capabilities and connectivity.”
The reality, unfortunately, is that the Malaysian IFWM industry and institutional investors have been frustrating, parochial and ultra-conservative in their cross-border activities save for a few forays in Asean and Australia. For the blueprint to realise its potential, a mindset change by Malaysian asset managers is similarly required!
Writer: Mushtak Parker - an independent London-based economist and writer
Source: New Strait Times (Malaysia)/25 January 2017
--- Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com
Consultant-Speaker-Motivator: www.ahmad-sanusi-husain.com
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.net
Tuesday, January 24, 2017
Malaysia Seeks to be Global Islamic Wealth Management Centre
With Islamic assets under management of some Rm132.4 billion (US$29.66 billion), Malaysia is well on its way towards establishing itself as the international centre of Islamic wealth management services.
The country’s aim of cementing its position as the Islamic wealth management capital of the world received a boost recently with the launch of a five-year Islamic Fund and Wealth Management Blueprint.
Unveiled by second finance minister Johari Abdul Ghani, the 51-page document focuses on three areas towards solidifying Malaysia as the centre of Islamic wealth management services globally. Specifically it will:
- strengthen Malaysia’s position as a global hub for Islamic funds
- establish the country as a regional centre for shariah-compliant sustainable and responsible investment
- develop it as an international provider of Islamic wealth management services.
Mr Johari said that the recommendations are made to “provide flexibility within the overall target of the blueprint” to enable suitable adjustments, adding that “a tremendous amount of work is, however, required to ensure that the Blueprint strategies are appropriately put into place”.
Addressing the Securities Commission Malaysia (SC) International Fund Forum 2017, Mr Ghani said that with its comprehensive Islamic finance ecosystem and track record in innovation, Malaysia was in an “advantageous position to play a lead role in shaping the concept and driving the development of Islamic wealth management services”.
The blueprint will be implemented over a period of five years and is drawn up with the aim of developing and growing Malaysia’s Islamic capital market.
The first phase will focus on the formulation of a framework for issuance of SRI investment funds, the setting up of the global capacity building centre for Islamic Capital Market (ICM), and the establishment of digital investment services framework.
Asean’s Burgeoning Muslim Middle-Class
Malaysia’s interest in the rapidly growing Muslim middle-class, particularly in Asean where Muslims represent 42 per cent of the Asean Community’s (ACs) population is not without reason.
Speaking at the 12th World Islamic Economic Forum (WIEF) in Jakarta last year, Malaysia Prime Minister Najib Razak said that in 2014-2015 the Islamic economy grew at almost double the global GDP growth rate, while Muslim consumer spending is forecast to reach $2.6 trillion by 2020 (See: Cambodia Aims For Share of Halal Market).
The Islamic market in Malaysia is estimated to have been worth some $1.9 billion in 2013, with officials forecasting it to contribute about 5.8 per cent to Malaysia GDP by 2020.
Malaysia is not the only nation hoping to capture a larger slice of the burgeoning Muslim middle-class. While Malaysia seeks to be the centre of Islamic wealth management services, Cambodia hopes that the introduction of a formal halal certification process for restaurants and food producers will attract more Muslim tourists to the Kingdom and also strengthen the growth of the Kingdom’s nascent halal certified food sector.
Meanwhile, in Indonesia where the Islamic market is valued at more than $10 billion annually and growing at between 7-10 per cent, the Islamic Development Bank (IDB) announced that to date it had approved $4.2 billion to support development projects.
The Bank said money had been dispersed in the areas of education, health, transportation, communication, industries, mining, power generation, agriculture, water supplies, and Islamic banking, as well as financing numerous foreign trade operations between Indonesia and other IDB member countries.
Source: AECNews/22 January 2017
Islamic Investment Malaysia: www.islamic-invest-malaysia.com
Pelaburan Unit Amanah Islam: www.unit-amanah-islam.net
Saturday, December 31, 2016
Shariah Adviser to PMB Investment - BIMB Securities Sdn Bhd (BIMBSEC)
PROFILE
BIMB Securities Sdn Bhd (BIMBSEC) is a stockbroking subsidiary of BIMB Holdings Bhd. It was incorporated on 21 February 1994.
The company’s corporate mission is to actively participate in a modern, innovative and dynamic Islamic capital market in Malaysia, catering for the needs of both Muslims and Non-Muslims investors looking for Shariah-compliant products and services. BIMBSEC is Corporate Shariah Adviser to 23 Islamic unit trust funds. As at 31 January 2017, the staff strength of BIMBSEC consists of 70 employees of whom 64 are executive staff and 6 are non-executive staff.
The company has an authorised share capital of RM250 million, and its current issued and paid-up share capital is RM100 million. The shareholdings of BIMBSEC are as follows:-
SHAREHOLDERS
- BIMB Securities Holdings Sdn Bhd (wholly owned subsidiary of BIMB Holdings Berhad) : 51%
- BIMB Holdings Berhad : 49%
BOARD OF DIRECTORS
- Zahari @ Mohd Zin bin Idris : Non-Executive Director
- Rashid bin Ismail : Executive Director/CEO
- Dato’ Johan bin Abdullah : Non-Executive Director
- Abdul Kadir bin Sahlan : Non-Executive Director
- Mohamad Rani Dali bin Samsudin : Executive Director
- Mustapha bin Hamat : Non-Executive Director
DESIGNATED PERSON RESPONSIBLE FOR SHARIAH MATTERS
- Ir. Dr. Muhamad Fuad bin Abdullah
Ir. Dr. Muhamad Fuad, the designated person in-charge of all Shariah matters in BIMBSEC is appointed to the Shariah Advisory Committee of BIMBSEC effective 1 June 2011.
He graduated with a Bachelor of Science Degree in Electrical Engineering in 1977 and a Master of Philosophy Degree in Electrical Engineering in 1982 both from the University of Southampton, England. He also obtained a Bachelor of Arts (Jayyid) Degree in Shariah from the University of Jordan in 1994 and a Doctor of Philosophy in Muslim Civilization from the University of Aberdeen, Scotland in 1996.
Currently Dr. Muhamad Fuad serves as the Chairman of the Shariah Committee of MIDF Group of Companies and a member of the Group Shariah Committee of MNRB Holdings Bhd. He is a registered Shariah Adviser with the Securities Commission Malaysia (SC) which qualifies him to advise on Shariah-compliant products and services regulated by the SC. He is also a registered Shariah lawyer of Majlis Agama Islam Perak and an Adjunct Professor of Universiti Teknikal Malaysia Melaka (UTeM).
He sits on the boards of MIDF Property Berhad, Mesiniaga Berhad, Universiti Sains Islam Malaysia (USIM) and Institut Kefahaman Islam Malaysia (IKIM), a public company limited by guarantee.
Dr. Muhamad Fuad is the designated Shariah person in-charge of PMB Investment’s funds.
ROLES AND FUNCTIONS OF SHARIAH ADVISER
- To advise on all aspects of unit trust and fund management business in accordance with Shariah principles;
- To provide Shariah expertise and guidance in all matters, particularly on the fund’s deed and prospectus, fund structure, investments and other operational matters;
- To ensure that the fund is managed and operated in accordance with Shariah principles, relevant SC regulations and standards, including resolutions issued by the SC’s Shariah Advisory Council;
- To review the fund’s compliance reports as provided by the compliance officer and investment transaction reports provided by or duly approved by the Trustee, to ensure that the Fund’s investments are in line with Shariah principles;
- To prepare a report to be included in the fund’s annual and interim reports stating its opinion whether the fund has been operated and managed in accordance with the Shariah principles for the financial period concerned;
- To consult the SC where there is ambiguity or uncertainty as to an investment, instrument, system, procedure and/or process; and;
- The Shariah Adviser shall meet with the Fund Manager on a quarterly basis for review of the Fund management or any other ad-hoc meeting as required.
PMB Investment Berhad - About The Company (Corporate Profile)
PMB Investment Berhad (256439-D), formerly known as ASM Investment Services Berhad, is an Islamic Fund Management Company (IFMC). It offers unit trust and fund management services. It is a wholly-owned subsidiary of Pelaburan MARA Berhad, one of the pioneers in the unit industry in Malaysia with more than four decades of experience.
The company assumed its current name on 28 February 2014 following a rebranding exercise of the group. This is to reflect the name change of the parent company from Amanah Saham MARA Berhad to its present name.
In line with one of the initiatives of the group’s Transformation Plan 2011-2015 to make the group strong, sophisticated and competitive, all unit trust funds and corporate / institutional portfolios are now Shariah compliant. The last two unit trust funds were officially made Shariah-compliant on 7 March 2014. We received approval from the Securities Commission Malaysia to change our regulated activity from fund management to Islamic fund management with effect from 28 November 2014.
The company assumed its current name on 28 February 2014 following a rebranding exercise of the group. This is to reflect the name change of the parent company from Amanah Saham MARA Berhad to its present name.
In line with one of the initiatives of the group’s Transformation Plan 2011-2015 to make the group strong, sophisticated and competitive, all unit trust funds and corporate / institutional portfolios are now Shariah compliant. The last two unit trust funds were officially made Shariah-compliant on 7 March 2014. We received approval from the Securities Commission Malaysia to change our regulated activity from fund management to Islamic fund management with effect from 28 November 2014.
We offer discretionary portfolio mandates for investments in Shariah-compliant equity, sukuk and Islamic money market instruments, or a combination of the any of the three asset classes as required by clients.
As a result of making conventional unit trust funds Shariah compliant, most of the unit trust funds we offer are unique although they may invest in the same asset class. This is to enable investors, subject to the Suitability Assessment, choose funds that suit their risk tolerance level and investment objective. Please read and understand the contents of the Master Prospectus, which can be downloaded from the website.
The history of PMB Investment can be traced way back to 24 June 1967 when the then Amanah Saham MARA, now Pelaburan MARA, was established and subsequently launched its first unit trust fund in the following year on 6 April – the fund was named Kumpulan Modal Bumiputera Pertama and is now known as PMB Dana Al-Aiman.
PMB Investment was incorporated on 15 January 1993 as ASM MARA Unit Trust Management Berhad. It assumed the unit trust operations from the then Amanah Saham MARA and its related staff. This was done following the requirement that unit trust funds are to be managed by a unit trust management company.
ASM MARA Unit Trust then changed its name to ASM Investment Services on 9 October 2006 and took over the fund management operations of ASM Asset Management Sdn Bhd. This is to streamline the unit trusts and portfolio management activities of the group. ASM Asset Management was incorporated on 16 December 1996 and was then another wholly-owned subsidiary of the then Amanah Saham MARA.
PMB Investment is licensed under the Capital Markets and Services Act, 2007. The company has an authorised capital of RM10 million, of which RM8 million has been fully paid. As at 31 December 2016, we managed 14 unit trust funds and 2 wholesale funds valued at RM369 million. The total fund size under management for unit trust funds, wholesale funds and portfolio mandates was RM1.24 billion as at end December 2016.
The history of PMB Investment can be traced way back to 24 June 1967 when the then Amanah Saham MARA, now Pelaburan MARA, was established and subsequently launched its first unit trust fund in the following year on 6 April – the fund was named Kumpulan Modal Bumiputera Pertama and is now known as PMB Dana Al-Aiman.
PMB Investment was incorporated on 15 January 1993 as ASM MARA Unit Trust Management Berhad. It assumed the unit trust operations from the then Amanah Saham MARA and its related staff. This was done following the requirement that unit trust funds are to be managed by a unit trust management company.
ASM MARA Unit Trust then changed its name to ASM Investment Services on 9 October 2006 and took over the fund management operations of ASM Asset Management Sdn Bhd. This is to streamline the unit trusts and portfolio management activities of the group. ASM Asset Management was incorporated on 16 December 1996 and was then another wholly-owned subsidiary of the then Amanah Saham MARA.
PMB Investment is licensed under the Capital Markets and Services Act, 2007. The company has an authorised capital of RM10 million, of which RM8 million has been fully paid. As at 31 December 2016, we managed 14 unit trust funds and 2 wholesale funds valued at RM369 million. The total fund size under management for unit trust funds, wholesale funds and portfolio mandates was RM1.24 billion as at end December 2016.
Corporate Vision
To be a leading and preferred Shariah-compliant fund manager in Malaysia.
Corporate Mission
» Shareholder : Provides optimum return and value added services
» Stakeholders : A responsible and caring corporate citizen
» Investors : Provides returns that commensurate with the acceptable risk tolerance levels
» Customers : Offers innovative products & services
» Staff : Be a conducive place for the development of expertise in Islamic Finance, particularly in the area of investments
Thursday, December 22, 2016
Shariah-compliant securities
Shariah-compliant securities are securities (ordinary shares, warrants and transferable subscription rights) of a Bursa Malaysia-listed company, which have been classified as Shariah permissible for investment based on the company's compliance with Shariah principles in terms of its primary business and investment activities.
The Shariah-compliant securities list was introduced in June 1997 by the Shariah Advisory Council (SAC) of the Securities Commission (SC). The list is updated twice a year, in May and November, by reviewing the companies' annual financial reports, responses to a survey aimed at obtaining detailed company information and through specific inquiries made to the respective company's management.
In the process of determining the Shariah status of listed securities, the SAC developed several basic Shariah criteria as guidance. The criteria were based on the Quran and the Sunnah, as well as the general principles of Syara'. In this process, the SAC focused on the core activities of the companies, such as goods and services that were offered to their customers. The SAC gave further consideration to companies that were involved in both Shariah-compliant and non-compliant activities by applying the concept of maslahah (public interest) and umum balwa (common plight). For this purpose, specific benchmarks and additional criteria, such as interest income and image were formulated to enable the SAC to determine the Shariah status of such companies. In such cases, where the financial contributions from the non-permissible activities fall below the benchmark level, the SAC will classify the securities of these companies as Shariah-compliant.
The release of the list has, to large extent, given investors the necessary guidance, opportunities and also confidence to choose and invest in listed securities that comply with Shariah principles. The list also stimulates the development of other Shariah-compliant products and services.
Source: MIFC
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Islamic unit trust consultant/Islamic financial planner
Ahmad Sanusi Husain - WA/SMS: 6019 234 8786
CIMB Wealth Advisors (CWA), Kuala Lumpur
What Islam say about Riba (Interest/Usury) - Mufti Ismail Menk
What Islam say about Riba (Interest/Usury) - Mufti Ismail Menk from Ahmad Sanusi Husain on Vimeo.
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Consulting/Training: http://alfalahconsulting.com
CEO/Consultant: http://ahmad-sanusi-husain.com
Islamic Investment: http://islamic-invest-malaysia.com
Wednesday, November 4, 2015
Shariah-based Unit Trusts
A Shariah-based unit trust fund is a collective investment fund that offers investors the opportunity to invest in a diversified portfolio of Shariah-compliant shares and fixed-income securities as well as other Shariah-compliant money market instruments.
A typical structure of a Shariah-based unit trust fund consists of:
· A manager - who handles the investment and operations of the fund
· A trustee - who protects the rights and interests of the unit holders
· The unit holders - who are investors entitled to a proportionate interest in the fund’s assets
The Shariah-compliant instruments, particularly the Shariah-compliant securities (shares), are the main source of investment for the Shariah-based unit trust fund.
The investment objectives of Shariah-based unit trust funds vary according to the type of fund. It determines the riskiness of a fund and the kind of investor the fund is targeting.
The types of funds are as follows (not limited to this type only):
Income funds
· Invests in Islamic fixed income securities and huge dividend-yielding Shariah-compliant shares, with a view to pay out most of the returns
· Suitable for investors with low-risk appetite, seeking income with some level of growth
Capital growth funds
· Invests in Shariah-compliant shares, with a view to maximise capital growth over the long-term (i.e. through a higher unit price)
· Suitable for investors with high-risk appetite and are keen on capital accumulation
Aggressive growth funds
· Similar to capital growth funds but with investments in aggressive, fast track Shariah-compliant shares that promise high returns, but with higher risk
· Suitable for investors with high-risk appetite
Balanced funds
· Three main objectives: income; moderate capital appreciation; and capital preservation
· Invests across a broad range of asset categories including Shariah-compliant shares, Islamic fixed income securities and cash
· Well-diversified and suitable for investors seeking reasonably safe investments where the risks are lower and which produce average returns
Index funds
· Invests in a basket of Shariah-compliant shares to track the performance of a selected stock market index
· Suitable for investors seeking medium to long-term capital appreciation
Bond funds
· Invests in Islamic fixed-income securities such as Islamic bonds and short-term money-market instruments
· Suitable for investors seeking greater security in the form of capital preservation and income with minimal risk
Source: MIFC
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Islamic unit trust consultant/Islamic financial planner
Ahmad Sanusi Husain - WA/SMS: 6019 234 8786
CIMB Wealth Advisors (CWA), Kuala Lumpur
Thursday, September 11, 2014
RM354.7 billion under unit trust management in Malaysia as at July 2014
The Securities Commission (SC) said the country's unit trust industry has a net asset value (NAV) worth RM354.73 billion under their management as of July 31, 2014.
The amount is a 7.8% increase compared to the RM328.95 NAV the industry posted a year ago in July 2013.
The latest figure represents a 19.89% in NAV of the market capitalisation of Bursa Malaysia Bhd.
About 87.2% or RM309.35 billion of the total industry NAV are conventional funds and the balance Islamic-based.
As at Jan 31, there were 37 approved fund managers. The number of approved funds were 612, which included funds that were approved but not yet launched, with 426 of these funds conventional while the others were Islamic.
For the seven months of 2014, 600 funds were launched with 407.37 billion units in circulation.
Meanwhile, SC said wholesale funds up to July 31, 2014 had a NAV of RM64.3 billion, representing 3.6% of the market capitalisation of Bursa Malaysia.
The amount 40 approved managed by unit trust management companies (UTMC) in July 2013 was RM58.2 billion.
Up to July 31, 2014, there were 237 approved funds where 166 were conventional and 71 were Islamic-based.
The amount managed by conventional unit trusts was RM46.77 billion while another RM17.52 billion was managed by Islamic unit trusts.
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Islamic unit trust consultant/Islamic financial planner
Ahmad Sanusi Husain - WA/SMS: 6019 234 8786
CIMB Wealth Advisors (CWA), Kuala Lumpur
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