None. There’s no difference between the two terms above. In Malaysia, the term Unit Trust and Mutual Fund is used interchangeably. It’s really a preference thing, like
Mutual Fund is more of a American termed, whereas in Malaysia, it is more commonly referred as Unit Trust. The regulatory body for unit trust industry in Malaysia is the Federation of Malaysian Unit Trust Managers (FMUTM).
Both terms refers to the same practice of collecting a large pool of money from investors which is then invested according to a prospectus written down according to the type of funds.
Here’s a list of EPF-approved fund management companies.
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