KUALA LUMPUR: The total asset under management (AUM) of licensed fund management companies (FMCs) in Malaysia increased by 5.04% to RM951.05bil in 2021 from RM905.46bil in 2020, the Securities Commission (SC) said.

       In its Annual Report 2021 released yesterday, the SC said the top five FMCs contributed 54.81% of the total AUM in 2021 compared to 55.27% in 2020.

       It added that the source of funds under management were largely from unit trust funds, the Employees Provident Fund, corporate bodies and wholesale funds.

       “The funds were allocated in various asset classes and locations of which investment inside Malaysia by FMCs amounted to RM639.41bil, representing 67.23% of the total AUM as at end-2021. — Bernama