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The first unit trust fund in Malaysia was
launched in 1959. Who would then have imagined that years later there would
be billions of ringgit in funds under management?
The rapid growth of the industry in recent years has led to the formation of
the Federation of Malaysian Unit Trust Managers on 7 August 1993.
The Federation was set up with four objectives:
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To promote the industry
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To agree on standards of practice for the
protection of the interests of unit holders.
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To maintain the good name of the industry
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To improve regulations, tax and other rules
affecting the sales of unit trusts.
The Federation is represented by most of the
unit trust managers in the Industry.
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