Asset management in Malaysia
All asset management companies, also known as AMC, in Malaysia are overseen by the Malaysian Investment Development Authority (MIDA).[1] AMC is generally an asset management / investment management company/firm that invests the pooled funds of investors in securities in line with the stated investment objectives.
Enforced by SC
The Securities Commission Malaysia (SC) is the enforcer of the available legislation in the asset management industry. The following Acts are the most important in terms of regulatory framework regarding trusts in Malaysia: the Securities Commission Act, the Capital Markets and Services Act, the Securities Industry Act or the Futures Securities Act.[2]
Asset management companies in Malaysia are subject to a set of rules imposed by the Securities Commission. In the development of their activities, they must have a supervision and control system, act in the best interest of their clients, and have a good business conduct.[3]
Investment fee in Malaysia
AMC in Malaysia provide their investment services for a fee. They charge commission fees for each transaction you make. That means that when you buy shares, you get charged. When you sell your shares, you also get charged.[4]
For a fee, the company/firm provides more diversification, liquidity, and professional management consulting services than are normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities.
Largest companies
The following is a list of the top AMCs located in Malaysia (as of 2018):[5]
Firm/company | Country |
---|---|
Aberdeen Standard Investments | UK |
Standard Life Aberdeen | UK |
BlackRock | United States |
The Vanguard Group | United States |
State Street Global Advisors | United States |
Fidelity Investments | United States |
List of AMCs within S.E.A
Asia
Notes and references
- "About MIDA"
- "Laws regarding capital market investments in Malaysia"
- ""What We Do"". Archived from the original on 2016-09-02. Retrieved 2018-05-08.
- "Investment Guide: Beware Of These Investment Costs And Charges"
- ""List of Capital Markets Services Licence holders for Fund Management at as 30 November 2014"" (PDF). Archived from the original (PDF) on 13 May 2015. Retrieved 8 May 2018.