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Special funds dilute dominance of money market funds
Special funds are the second largest type of unit trusts after MMFs with fixed income funds, equity funds and balanced funds holding a lower proportion of assets at 20.1 percent, 0.5 percent and 0.2 percent respectively.
The increased popularity of special funds has diluted the dominance of money market funds (MMFs) as investors pivot to the higher yielding class of unit trusts.
Data from the Capital Markets Authority (CMA) shows the proportion of MMFs, as share of total pooled investor funds, dropped to 58.9 per cent in September, from 62.2 percent a year earlier.
