iFast Group’s assets under administration (AUA) was up 19.3% year-on-year as of the end of September, hitting a record high of S$7.16 ($5.26bn), according to the firm’s third quarter results.
Tag: Malaysia
Malaysia’s Public Mutual launches regional funds
Public Mutual has launched two mutual fund products that invest in the Asean and Greater China markets.
UOB launches income fund in Malaysia
The mixed asset product is a feeder fund investing in the bank’s United Income Focus Trust.
Malaysia’s fund industry AUM surges to $179bn
Malaysia’s fund industry has grown assets 8.86% this year to RM 758bn ($179bn), according to Zainal Izlan Zainal Abidin, Securities Commission Malaysia’s managing director for development and Islamic markets.
Malaysia appoints fund supervision exec
Securities Commission Malaysia (SC) has appointed Salmah Bee Mohd Mydin as director of intermediary and fund supervision, according to a statement from the regulator.
Financial planners surge in Malaysia
The number of firms engaged in financial planning in Malaysia has increased by 45% since 2015, while the number of licensed financial planners has grown by around 23%, according to Ahmad Fairuz Zainol Abidin, Malaysia’s Securities Commission deputy chief executive.
Malaysia joins fintech race
Standard Chartered Bank and Allianz have teamed up with Supercharger, a fintech accelerator programme that has expanded to Malaysia.
A look at Malaysia’s Islamic funds
Equity funds still dominate Malaysia’s sharia-compliant funds, which have been gathering assets the last three years.
Malaysia, Japan AMs to launch HK funds
Capital Dynamics Asset Management and Daiwa SB Investments have received authorisation from Hong Kong’s Securities and Futures Commission to sell their funds in Hong Kong, according to the regulator.
Malaysia’s HNWIs cool to Shariah funds
Malaysia continues to dominate Southeast Asia’s Shariah fund market, but demand has been driven by institutional investors, with little interest from HNWIs, according to a report by Boston-based research firm Cerulli Associates.
