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Independent financial planners will soon be able to sell unit trust funds pending the announcement from the Federation of the Malaysian Unit Trust Managers (FMUTM) later this month.
MAA Mutual Bhd, the unit trust arm of MAA Holdings Bhd, which launched three unit trust funds in February last year, has announced the maiden unit splits for all the funds for its financial year ended Dec 31, 2002.
PETALING JAYA: The Employees Provident Fund (EPF) has published its annual qualifying list of Fund Management Institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS) for the period between March 1 until Feb 29, 2020.
MAA Mutual Bhd has since Dec 1, 2003, taken over the management of four unit trust funds formerly managed by MBf Unit Trust Management Bhd.
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.
KUALA LUMPUR: The Employees Provident Fund (EPF) has slashed the number of unit trust funds that qualify under its Members Investment Scheme (MIS) by 44 to 269.
AS a result of the sharp stock market crashes in September and October last year, a lot of traditional unit trust funds suffered huge losses last year and early this year.