Malaysia’s fund management industry managed nearly 8% more assets in the first nine months of the year than in all of 2024 with equities leading gains in most asset classes.
The industry had 1.15 trillion ringgit (US$219.46 billion) of assets under management as of end-September, up 7.48% from 1.07 trillion ringgit at the end of last year, according to latest figures published on the website of Securities Commission Malaysia. As usual, there was no analysis accompanying the data.
Equity fund assets rose 11.3% to 566.84 billion ringgit, bond funds were up 5.7% to 261.62 billion ringgit, money market funds climbed 2% to 147.1 billion ringgit, and private equity funds grew 3% to 18.44 billion ringgit.
The equity fund gains are likely driven by a rally in major global stock markets as the local stock index shed 1.3% in the nine months through September while the Dow Jones Industrial Average rose nearly 10% and the Hang Seng Index jumped more than 36%.
