FIMM continues with its three-pronged roles to help grow the investment management industry
Kuala Lumpur, 6 October 2015
The Federation of Investment Managers Malaysia (FIMM), a self-regulatory organisation recognised by Securities Commission Malaysia, remains committed in fulfilling its roles to regulate, educate and protect the investment management industry and the investing public.
The Annual Convention, themed “Investors’ Trust and Confidence: Key to Sustainable Relationship”, held today is the main highlight of its continuous educational activities for unit trust and private retirement scheme (PRS) consultants. The convention is an avenue for them to share knowledge, expertise, ideas and experience with fellow industry players and professionals.
In her keynote address, FIMM Chairman, Datuk Siti Hadzar Mohd Ismail said FIMM will continue to facilitate sustainable investments through the various efforts and activities as the investment management industry in Malaysia evolves into a viable and competitive component of the financial system.
There are currently 76 fund management companies in Malaysia, and total assets under management (AUM) were RM657.4 billion as at 30 June 2015. The growth of the investment management industry is contributed by the unit trust segment, with net asset value of the unit trust industry increasing to RM354.7 billion, the largest in Southeast Asia.
Datuk Siti said: “FIMM is aware that the level of personal financial literacy amongst the public is still not very high. Therefore, FIMM has initiated various programmes for them to gain as much knowledge and exposure as possible, particularly on investment management and investment products available.”
Meanwhile, FIMM Chief Executive Officer, Nazaruddin Othman said that it is only apt that a unit trust industry is built upon mutual trust and confidence, which further results in sustainable relationship, hence, the theme of the Convention this year.
“Trust and confidence become the foundation of a sustainable relationship between all parties involved. Such provides the synergies and opportunities for the investment management industry to evolve into an important component of the financial system that can contribute to enhance the prospects for a more balanced growth and financial stability,” concluded Nazaruddin.
For further information, please contact:
Tengku Adrian Ismail
Tel: +(60)3 – 2093 2600 / +(60)16 – 696 0292
About Federation of Investment Managers Malaysia
The Federation of Investment Managers Malaysia (FIMM) was established in 1993 to support the development of the investment management industry. On 20 January 2011, FIMM was recognised as a Self-Regulatory Organisation (SRO) by Securities Commission Malaysia. As an SRO, FIMM regulates and supervises its members and registered persons to strive for the highest level of integrity and standards of practice that will best serve the investment management industry and promote investor protection.
For further information, log on to: www.fimm.com.my