Page 223 - SC SCAR 2023 ENGLISH Flipbook

RM billion
Unit trust management company
Institutional UTS advisers
Unit trust consultant
Corporate UTS advisers
Others
Wholesale Funds
0
50
43.91 50.46
100 150
129.43 118.00
31 Dec 2022 31 Dec 2023
PART 6 MARKET STATISTICS
COLLECTIVE INVESTMENT SCHEMES AND PRIVATE RETIREMENT SCHEMES
Unit Trust Funds
In 2023, UTFs in Malaysia continued to be the largest component of the Malaysian CIS industry with a total NAV of RM499.88 billion recorded as at 31 December 2023 (2022: RM487.94 billion). The percentage of the total NAV of the UTF industry against Bursa Malaysia Securities Bhd’s (Bursa Malaysia) market capitalisation was 27.83% (2022: 28.10%). In the year under review, a total of 21 UTFs were launched while 17 funds were terminated and 6 funds matured, which brought the total number of UTFs offered by 38 locally-incorporated unit trust management companies to 757 funds as at 31 December 2023 (Table 2).
The UTF industry recorded total gross sales (excluding reinvestment of distribution) of RM228.68 billion (2022: RM222.89 billion), the majority of which were distributed by unit trust management companies with total gross sales of RM129.43 billion (Chart 5). Overall, the UTFs industry recorded net redemptions (excluding reinvestment of distribution) of -RM25.19 billion in 2023 (2022: -RM26.28 billion).
TABLE 2
Overall status of UTF industry
CHART 5
Distribution channels
52.97 51.60
0.49 0.48
1.88 2.35
In the WFs segment, a total NAV of RM77.15 billion was recorded as at 31 December 2023 (2022: 76.50 billion). A total of 43 funds were launched under the LOLA Framework (2022: 46 funds) to sophisticated investors while 14 funds were terminated and 1 fund matured in 2023, which brought the total number of WFs offered by 48 fund management companies to 465 funds as at 31 December 2023.
31 December 2023
31 December 2022
No. of funds offered
– Conventional
– Shariah-compliant
757 466 291
759 473 286
Units in circulation (billion units)
756.79
769.00
No. of accounts (million)*
26.38
25.31
Total NAV (RM billion)
– Conventional (RM billion)
– Shariah-compliant (RM billion)
499.88 386.77 113.11
487.94 380.55 107.39
% of NAV to Bursa Malaysia market capitalisation^
27.83
28.10
Note:
* No. of accounts include number of unitholders accounts with institutional UTS advisers that operate nominee account systems.
^ The comparison made between the total NAV of the UTF industry and Bursa Malaysia’s market capitalisation is not an indication of the actual
amount invested in Bursa Malaysia by the UTF.
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023 221