Public Mutual remain as market leader with the highest market share compare to other industry players. The Economic Transformation Programme (ETP), launched late last year to drive Malaysia to become a high-income nation by 2020, is also believed to be playing a critical role in pushing the countrys gross domestic product (GDP) growth this year amid the prevailing global economic uncertainties. Economists believe projects under the ETP would revive private investment as a key growth driver for Malaysia's economy.
On the whole, Asian economies have remained resilient to date and are registering decent growth, and as a result, the financial industry has also grown alongside with the country's economy. The private unit trust industrys net asset value (NAV) grew by RM2 billion from RM92.5 billion as at January 31, 2011 to RM94.5 billion as at March 31, 2011.
Public Mutual achieved a 3.5 percent growth in NAV from RM40.9 billion in January 2011 to RM42.3 billion as at March 31, 2011. It is still heading the private unit trust industry with the highest market share of 45 percent as at March 2011. Public Mutual remained as number one in both equity and balanced fund categories with combined market share of 59.6 percent as at March 2011. Its bond fund category's market share was maintained at 39.9 percent. With over 60 percent and 52 percent respectively in market share, it continues to lead in the Islamic and foreign fund categories.
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