The local unit trust industry started the New Year on a convincing
note in January with all its key indicators displaying positive
results. This was despite a slight hick-up in returns as global
markets plunged due to a series of negative sentiments.
• The industry units in circulation increased 2.5% m-o-m
in January totalling 7.1B units, the highest since July
2009 amidst ample liquidity in the financial system. Almost
80% of the total accumulated units were derived from Amanah
Saham Nasional Berhad (ASNB) fixed funds while the remaining
1.5B units were funds managed by other private unit trust
management companies.
• 10 funds were introduced by seven UTMCs, comprising
largely the equity-linked funds.
• The continued expansion in the industry reflect sustained investor
confidence supported by positive economic outlook in domestic
and Asia Pacific region.
• In the domestic economy, the Consumer Sentiments Index (CSI)
and Business Conditions Index (BCI) continued to show
improvements, rising 4.2 and 5.1 points respectively in the 4Q09.
• In the latest IMF World Economic Outlook January 2010, the
global economy is expected to rebound to positively impact in
many emerging and developing economies, followed expansion
in internal and external demand.
Iskandar Zulkarnain Abdul Wahid,
http://growrichconsultants.blogspot.com
No comments:
Post a Comment