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IT has been three years since index constructor Morgan Stanley Capital International (MSCI) announced that it would adjust its equity indices so as to take into account free float levels. Back then, there was some hand wringing among our stock market players over the possibility of Malaysia suffering an exodus of foreign funds.a href=http://biz.thestar.com.my/bizweek/>LI>B>For the full Bizweek reports click here/B>/a>
Phillip Mutual Bhd, a unit trust company, targets to achieve sales worth RM100mil through its 5 unit trust funds over the next 12 months, said chief executive officer Munawir Mohammad.
THE net asset value (NAV) of syariah-based unit trust funds in Malaysia grew to RM3.21bil in 2002 from RM2.42bil in 2001, the number of management companies to 27 from 23, and the number of approved funds to 44 from 32.