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The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
EVEN though 2003 will be a challenging year for the unit trust industry in view of the global economic slowdown and depressed investment environment, many unit trust management companies are still optimistic that the industry will continue to grow this year.
THE US dollar came under renewed pressure yesterday on fresh reports that American forces were gearing up for imminent military action in Iraq, heightens the risk of holding the greenback and US dollar-backed assets.
OSK-UOB Unit Trust Management Bhd has declared a 5 sen gross distribution, equivalent to a yield of 8.16%, to OSK-UOB Equity Trust unit holders for the financial year ended Dec 31, 2002. It has also declared a 4 sen gross distribution, equivalent to a yield of 5.98%, to OSK-UOB Small Cap Opportunity Unit Trust unit holders.