The poll, of delegates attending an event in Kuala Lumpur in March, found almost 64% believed the Shariah-compliant fund industry has not grown more rapidly because of the inadequate product innovation and range that the market is offering.
Why hasn’t the Shariah fund industry grown more rapidly?
|
Lack of Human Capital |
13.6% |
|
Lack of product innovation and range |
63.6% |
|
Lack of demand |
22.7% |
When questioned on Labaun’s importance for the success of the government’s plan, nearly half of the respondents said it has become less attractive for asset managers.
Labaun’s importance for government’s financial sector master plan
|
Yes, it is still very important as an offshpre hub |
25.0% |
|
No, it has become less attractive to asset managers |
50.0% |
|
Other schemes are more important for example MM2H, ETP |
25.0% |
(MM2H, ETP stands for Malaysia My Second Home Programme and the Economic Transformation Programme)
The Fund Selector Asia Forum delegates were polled on a range of other industry-specific other issues, including business practices, industry outlook and regulations.
Macro-economic outlook
|
Bullish |
41.7% |
|
Neutral |
54.2% |
|
Negative |
4.1% |
Own business outlook
|
Positive |
72.2% |
|
Neutral |
22.2% |
|
Negative |
5.6% |
Favoured asset class for your own investment in the next one year
|
Equities |
61.1% |
|
Bonds |
0.0% |
|
Multi-asset |
33.3% |
|
Commodities |
0.0% |
|
Property |
5.6% |
|
Cash |
0.0% |
Innovations from their fund partners
|
More innovations |
22.7% |
|
Fewer innovations |
40.9% |
|
No change |
36.4% |
Should Malaysia sign the APEC Funds passport?
|
Yes, this will widen the market much more |
72.2% |
|
No, it has already signed up for the ASEAN CIS framework |
22.2% |
|
It will make no difference – both schemes are doomed to fail |
5.6% |
