MALAYSIA - FINANCE - Public Mutual launches two new Islamic funds that will focus on the domestic market (also Indonesia)

KUCHING: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd (Public Mutual) is launching two new Islamic funds, namely the Public Islamic Treasures Growth Fund (PITGF) and Public Sukuk Fund (PSKF) today. (source)

CAPITAL MARKETS - REPORTS - IFIR 2010 - Islamic fund assets remained flat in 2009

see also : http://islamicfinanceindonesia.blogspot.com/2010/09/islamic-funds-ifir-2010-from-ernst.html


“The Islamic fund industry needs to evaluate new strategies to restimulate growth. Islamic fund assets remained flat in 2009 at $52 billion, whereas the potential wealth pool grew by 20 percent, now estimated at $480 billion,” concludes the Islamic Funds & Investments Report (IFIR) 2010 which was published by international auditing and advisory firm Ernst & Young in September 2010.

ISLAMIC FUNDS - IFIR 2010 from EY Ernst-Young

On Sept 2, 2010 EY published the 4th "Islamic Funds and Investments Report" (IFIR 2010) emphasizing the importance of fund managers to pay sufficient attention to the investors preferences, focusing on enhancing the quality of their offering and moving away from transaction-only approach to comprehensive Wealth management solutions.