This blog is built to provide information on Public Mutual Fund Price to those who are concern about the price movement of Public Mutual Fund. Beside Public Mutual Fund price, this site is also provide latest market update including economical and political issues because these news will put a certain level of impact to the performance of Public Mutual Fund directly and indirectly.
Public Mutual Fund is mutual fund fund house that wholly-owned subsidiary of Public Bank Bhd, one of the largest banks in Malaysia. In fact, Public Mutual Fund is the biggest mutual fund house in Malaysia too. Other main fund houses you can find in Malaysia are Prudential Fund, Alliance Investment Management, AMmutual, CIMB-Principle Asset Management, Hong Leong Asset Management, HwangDBS Investment Management, Pacific Mutual, TA Investment Management, RHB Investment Management.
Unit Trust was introduced in Malaysia back in year 1959, two years after the country reached its independence. However, Unit Trust was not well-accepted by the society due to lack of information and interest by the people.
The government participation in the Unit Trust Industry and the formation of a Committee to regulate the unit trust industry, called the Informal Committee for Unit Trust Funds, comprising representatives from the Registrar of Companies (ROC), the Public Trustee of Malaysia, Bank Negara Malaysia (BNM) and the Capital Issues Committee (CIC) in 1980 - 1990.
Unit Trust in Malaysia had a outstanding growth from year 2000 to 2007. According to Federation Of Investment Managers, the Net Asset Value(NAV) had grow from RM43 billion in Year 2000 to RM169 billion as at 31 December 2007. This 7 years are considered as the golden years for Unit Trust industry in Malaysia.
However, when the financial crisis in 2008 happend, starting from the fallout of the subprime loans in the USA, bursting of the property bubble, the global credit crunch, the banking crisis and the rapidly falling share prices worldwide, Unit Trust in Malaysia experienced a sharp drop, its NAV dropped from RM169 billion to RM134 billion as at 31 December 2008. Though it was a huge drop, but the unit trust industry drop is less severe than the fall in share prices in Bursa Malaysia due to the diverse nature of its assets.