MalaysiaÆs first equity ETF launched
AmInvestment Bank to roll out ETF in July as government pushes establishment of the product to reduce government stakes in Malaysia Inc.
MalaysiaÆs regulators have given the green light to introduce the marketÆs first equity exchange-traded fund (ETF), to be managed AmInvestment Bank. To be known as the FBM30etf, AmInvestmentÆs newest product will likely be listed on Bursa Malaysia, the countryÆs exchange, in July.It arrives on the scene as MalaysiaÆs government looks to dramatically develop a liquid ETF market by yearÆs end to enable pension funds and other government-linked investment companies to sell down shares in…
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