THE recent comment by Permodalan Nasional Bhd (PNB) Group CEO Datuk Rahman Ahmad that PNB’s lack of growth in its assets under management (AUM) was partly due to Malaysians not saving enough caught my attention.
Over the past 25 years, I have been involved in the investment management industry, so I find it very interesting that the largest fund management house cites a change in savings behaviour as one of the reasons for its lack of AUM growth, and is emphasising financial literacy as a solution.
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