Fund management industry surpasses trillion-ringgit benchmark

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KUALA LUMPUR: 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 Malaysia (SC).

This includes providing options for managing retirement funds to reduce the risk of outliving savings, she said.

Salmah emphasised the importance of raising awareness about saving for retirement and promoting innovative solutions to help Malaysians save for retirement.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: Salmah Bee Mohd Mydin Fund Management Investment SC /Business/Business News Unit Trust Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 17:40:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22468606

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Official Website: thestar.com.my

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