Shariah mutual fund assets under management in Southeast Asia recorded a compound annual growth rate of 12.4% from 2016 to 2020 to reach a market share of over 20% of the region's total mutual fund AUM, according to Cerulli's May 2021 Asian Monthly Product Trends report. However, sustaining the development of the region's Shariah fund management industry requires addressing persistent challenges, the report said. Ken Yap, Cerulli's managing director, Asia, said: "Shariah funds will be an important part of retail investors' portfolios in 2021. However, there remains a lot of work to be...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes