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.
Islamic unit trust consultant/Islamic financial planner