2nd bumi unit trust welcomed

  • Business
  • Wednesday, 17 Sep 2003

THE establishment of the second unit trust fund, Dana Harapan, for bumiputras is a clear indication that the government supports the unit trust industry, Apex Unit Trusts Bhd chief executive officer Tan Keah Huat said. 

“It is a good investment vehicle. I expect this new fund to create strong awareness of the importance of investing in unit trusts. It will also benefit unit trust managers.''  

On the listing of Felda on the KLSE, Tan said this would create an additional counter for investors.  

“Overall, it is a good and prudent budget as the government has shown its seriousness in controlling the budget deficit,'' he added.  

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