SINGAPORE: Singapore Unit Trusts (SUT), a unit of Malaysian government-owned Permodalan Nasional, will reportedly withdraw two of its Shariah compliant global equity funds, the SUT Ethical Growth Fund and the SUT Ethical Value Fund, from the 9th May 2012.
The decision is reportedly due to the funds’ small size and the increasing fixed costs involved in maintaining the funds. Each fund is said to be less than SG$10 million (US$8 million) in size.