Quantcast
Meshio.com - Malaysia Personal Finance blog
  





Difference Between Unit Trust and Mutual Fund

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.





You might want to read these too...


View Comments

No comments yet.

RSS feed for comments on this post. TrackBack URL

Sorry, the comment form is closed at this time.

blog comments powered by Disqus