Invest M’sia 2017 draws over 900 fund managers with AUM of US$19.9 bln

KUALA LUMPUR: Invest Malaysia 2017 (IM 2017) has attracted more than 900 fund managers with total assets under management (AUM) of US$19.9 trillion, a significant increase from US$11 trillion last year. (US$1 = RM4.28).

Bursa Malaysia Bhd Chairman, Tan Sri Amirsham Abdul Aziz, said IM 2017 marked the 13th year that the exchange had organised the nation’s premier conference to showcase the best of what Malaysia’s capital market had to offer.

“IM conference is unique in that it is a platform for fund managers, capital market drivers and captains of industry to gather and network, and most importantly, engage directly with Malaysia’s policymakers and regulators,” he said in his welcoming remarks at the opening of the two-day event here yesterday.

CIMB Investment Bank is the co-organiser of the event.

Amirsham said the facts and figures spoke volumes of Malaysia’s capital market.

“Since 2009, post-global financial crisis, our market capitalisation was up 177 per cent to RM1.8 trillion as of June 2017. The FTSE Bursa Malaysia KL CI had risen 101 per cent while our average daily value (ADV) increased 121 per cent to RM2.5 billion,” he said.

He said Malaysia’s equity market had also seen a record RM16.3 billion of foreign institutional net flows into the country which was also deeper than its fast-growing neighbours.

“Our market capitalisation over gross domestic product was at 121 per cent in 2016. And we are home to more than 900 public-listed companies, the highest in ASEAN.

“And if you need more evidence, in the last five years, new listings on Bursa Malaysia raised US$30.4 billion, also the highest in ASEAN,” he added.

On Malaysia’s leading role in the world of Islamic finance and capital market, Amirsham highlighted that Malaysia is the world’s largest sukuk issuer, commanding 42 per cent of the market share in 2016, with issuance value of US$72 billion.

Our Shariah funds have also seen lucrative returns, he added.

“Since 2010, the FBM Small Cap Shariah is up 55 per cent, FBM Hijrah Shariah recorded a 34.5 per cent increase, while the FBM Emas Shariah is up 27.5 per cent,” he said.

CIMB Group Chairman, Datuk Seri Nazir Razak, in his welcoming remarks meanwhile said the bank had been cohosting the event six times since its inaugural in 2005. — Bernama