The Malaysian government recently announced new measures aimed at boosting the country's unit trust industry by exempting the imposition of capital gains tax and taxes on foreign-sourced income. These moves are part of the government's efforts to attract investments and provide a more attractive investment environment for both local and foreign investors.
Unit trusts, also known as mutual funds or collective investment schemes, are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of assets. They offer individuals an opportunity to invest in a professionally managed portfolio, even with relatively small amounts of money. Unit trusts have become increasingly popular in Malaysia, with a wide range of options available, including equity funds, bond funds, and money market funds.
