Fund management industry crosses trillion-ringgit mark

Quick Summary:

The fund management industry has surpassed the trillion-ringgit milestone since February this year, driven by robust performance in the equity markets, especially due to strong valuations in the United States, according to the Securities Commission (SC).

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Similarly, total NAV grew by 28% to RM545bil, while the industry saw a 23% growth in the number of accounts, totalling 26 million, over the past five years.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: AssetManagement /Business/Business News GlobalInvestments FundManagement FinancialPlanning RetirementSavings UnitTrustFunds Markets AUMGrowth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 00:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 10 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22478682

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