General & Misc

SC to facilitate Greater Investor Inclusiveness

Date: 14 March 2019; Type: Industry Updates; Source: Bernama

KUALA LUMPUR, March 14 (Bernama) - Opening local corporate bonds and sukuk to retail investors who meet the requirements set are among the steps taken by the Securities Commission Malaysia (SC) to promote investors inclusiveness in the local market.

The access has long been an issue for individual investors interested in investing in local corporate bonds and sukuk as companies have traditionally concentrated on issuing corporate bonds and sukuk to institutional investors.

“As such, while Malaysia is the third largest bond market in Asia and the world’s largest sukuk market, participation by retail investors remains low.

"Significant efforts were made throughout 2018 to increase retail investors’ access to this segment of the market,” said the Securities Commissions in its 2018 Annual Report released today.

Besides, the SC has also taken steps to facilitate a broad range of young to sophisticated seasoned investors who are interested in the local market due to increased awareness among Malaysians on the need for greater emphasis in managing and growing their wealth.

“Malaysia’s population of about 32 million features a diverse workforce, sizeable youth population and growing segment of affluent and sophisticated investors.

“Given the range of investors with differing investing goals and risk appetite, a comprehensive set of capital market products, as well as, access to investment advice and services is essential,” it said.

Meanwhile, as a vehicle to strengthen the country’s retirement pillars, private retirement scheme experienced continued growth in the industry with total assets under management reaching RM2.7 billion and 416,000 members.

“However, there is still a need to raise the level of awareness among Malaysians on their retirement needs.

"This underscores the crucial role played by the Private Pension Administrator Malaysia in driving awareness and participation,” it added.

The report also said with the increase in product innovation, financial planners have continued to assume a crucial role which has led to the SC liberalising the fee structure for corporate unit trust scheme advisors and corporate private retirement scheme advisors.

MY Bernama

Asean LIP works with Bernama to bring you the latest Malaysian legal news. Bernama is the national news agency of Malaysia. You shall not reproduce the above/ attached materials in whole or in part without the prior written consent of the Publishers and/or Bernama. Neither the Publishers nor Bernama will be liable for any loss, injury, claim, liability, or damage caused directly, indirectly or incidentally to errors in or omissions from the above/ attached materials. The Publishers and Bernama also disclaim and exclude all liabilities in respect of anything done or omitted to be done in reliance upon the whole or any part of the above/attached materials. The access to, and the use of, Asean LIP and contents herein are subject to the Terms of Use.

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