Malaysia SC amends Guidelines on Unit Trust Funds

On June 1, 2010, the Securities Commission Malaysia (SC) announced that it had amended the Guidelines on Unit Trust Funds (GUTF) to facilitate a multi-class structure for unit trust funds. The amendments allow for a single unit trust fund to offer multiple classes of units over a single investment pool, with each class of units having different features such as the fees and charges imposed and the currency in which it is denominated.

As such, investors will be able to choose the class that best suit their preferences and investment objectives enabling better matching of the investment preferences for different investor groups. 

For more information please see SC amendments to GUTF