Industry Performance

As at 31 December, total funds managed by licensed fund management companies in Malaysia had risen by 40.9% to RM315.0 billion as compared to 2008 (RM223.5 billion). The types of funds under management included private pension funds, Employees Provident Fund (EPF), unit trust funds, corporate bodies and charitable bodies (Table 1).

The five largest fund management companies accounted for 66.1% of total funds under management, as compared to 64.7% at the end of 2008 (Chart 1). The amount of onshore investment by fund management companies increased from RM199.0 billion as at end-2008 to RM270.1 billion as at end-2009 (Chart 2). The fund management companies in Malaysia relied more on equities for their asset allocation strategies, with the allocation in equities increasing from 44.4% as at end-2008 to 54.6% as at end-2009 (Chart 3).

Table 1
Source of Clients' Funds Under Management