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Mainly
institutional investors such as the financial institutions, discount houses,
large corporations and asset management companies (like the pension,
insurance or unit trust funds). The individual/retail investors do not
normally participate in the bond market because bonds are normally sold
over-the-counter (OTC), in large amounts - an average investment being about
RM5 million.
However the individual
investor could invest in bonds indirectly by investing in bond funds.
However, more bond products will be made available to the Malaysian investor
in the near future. An example of a new bond product is the Bon Simpanan
Malaysia Siri 03 (BSM03) released in January 2002 by Bank Negara. Read more
about this product in question 9 on the different types of bonds.
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