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亚马逊云账号(www.2km.me)_SC broadens access for unit trust investments

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SC chairman Datuk Syed Zaid Albar (pic) said these enhancements will enable retail funds to offer more diverse offerings to meet the demand and risk appetites of a wide range of investors.

PETALING JAYA: The Securities Commission (SC) has liberalised the unit trust fund framework to enable retail funds to invest in and offer a wider range of investment instruments and activities.

In a statement yesterday, the SC said this will enable management companies to develop more innovative products whilst ensuring adequate investor protection.

It added that the new framework will also support an investment ecosystem that is more diversified and provide a catalyst for product offerings.

This, the SC said, was part of a wealth management solution to meet investors’ retirement objectives, including the offering of wealth decumulation products.

“The liberalisation is also in line with the Capital Market Masterplan 3’s aspiration to become a capital market that is relevant, efficient and diversified in the next five years, which will benefit each and every stakeholder.”

According to the SC, unit trust funds continue to be the largest component of the Malaysian Collective Investment Scheme industry. “As at Oct 31, 2021, there were 39 locally-incorporated management companies approved to offer 734 unit trust funds with a total net asset value of RM551.36bil.”

In the same statement, SC chairman Datuk Syed Zaid Albar said these enhancements will enable retail funds to offer more diverse offerings to meet the demand and risk appetites of a wide range of investors.

“This will encourage the growth and development of unit trust management companies and also enable investors to rebalance their short and long-term objectives with more diversified investment offerings.

“More importantly, this will bridge the regulatory gap between domestic and international offerings and allow local funds to remain competitive in the face of a rapidly evolving market environment.”

The SC said the amendments in the guidelines on Unit Trust Funds will take effect on March 1, 2022.

“The amendments to the guidelines took into account the SC’s findings following an extensive benchmarking exercise and feedback received from the public consultation process. Additionally, the SC has engaged with key stakeholders to ensure a seamless implementation of the amendments.”

The key amendments to the enhanced guidelines include expanding the list of permissible investments by unit trust funds, enhancing the operational processes in managing a fund and providing further clarity on existing requirements for market participants, the SC said.

“Other measures include allowing unit trust funds to undertake more activities for the purpose of efficient portfolio management.

“Risk management requirements at enterprise and fund levels have also been strengthened, including the requirement for fund information to be made available on the management companies’ websites.”

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