Unit trust industry biggest in region
Saturday April 21, 2007 THESTAR
KUANTAN: Malaysia’s unit trust industry is the biggest among Asean countries, said Deputy Prime Minister Datuk Seri Najib Tun Razak. He said the industry had gained a bigger market and a wider influence among the people over the past 10 years.
“The Government is confident the industry is able to register a more rapid growth with its continuous efforts to launch products for various groups,” he said.
Najib said that last year, the unit trust industry recorded an overall increase, with its net assets growing at 23.6% from RM121.8bil. Its fund management rose 29.2% to 164.4 billion units.
PNB chairman Tan Sri Ahmad Sarji Abdul Hamid, in his speech, said the Malaysian Unit Trust Week (MSAM) was an important activity for PNB as it would be able to display the institution’s ability to utilise, protect and expand the stakeholders’ investments and eventually, distribute the profits in dividends and bonuses.