Milestones

MILESTONE

At FIMM, we seek to perform our role in developing the unit trust scheme (UTS) and private retirement scheme (PRS) industry to the best of our capabilities. We are also passionate in ensuring that investors in UTS and PRS are well-educated and protected.

Timeline

2022
2022

History of Unit Trusts

The Formative Years: 1959 -1979

The first two decades in the history of the unit trust industry were characterised by slow growth in the sales of units and a lack of public interest in the new investment product.

Only five unit trust management companies were established, with a total of 18 funds introduced over that period. The industry was regulated by several parties including the Registrar of Companies, The Public Trustee of Malaysia, Bank Negara Malaysia and the Ministry of Domestic Trade and Consumer Affairs.

The 1970s also witnessed the emergence of state government sponsored unit trusts, in response to the Federal Government’s call to mobilise domestic household savings.

2022

FM UTM

Timeline

2022
April 20

FM UTM

April 28

History of Unit Trusts

The Formative Years: 1959 -1979

The first two decades in the history of the unit trust industry were characterised by slow growth in the sales of units and a lack of public interest in the new investment product.

Only five unit trust management companies were established, with a total of 18 funds introduced over that period. The industry was regulated by several parties including the Registrar of Companies, The Public Trustee of Malaysia, Bank Negara Malaysia and the Ministry of Domestic Trade and Consumer Affairs.

The 1970s also witnessed the emergence of state government sponsored unit trusts, in response to the Federal Government’s call to mobilise domestic household savings.

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