MALAYSIA: Public Mutual has reported a 58% market share of the Islamic unit trust fund sector as its net assets under management rose 21.7% year-on-year to RM44.4 billion (US$15.02 billion) in the first half of 2011.
The firm recorded a 24% increase in pre-tax profit in the six months to the 30th June 2011, with its net assets accounting for 44% of Malaysia’s market for mutual funds.