KUALA LUMPUR (Oct 25): The Securities Commission Malaysia (SC) commends the government’s initiatives outlined in Budget 2017, particularly the introduction of the small- and mid-cap public-listed company (PLC) research scheme, which would help promote more liquidity and trading vibrancy in this sector. In its statement today, SC said that the small- and mid-cap sector comprises many companies that can benefit from more research coverage and investor interest. The regulatory body together with Bursa Malaysia Bhd will initiate and operationalise this dedicated research scheme to provide independent analyst coverage on small- and mid-cap companies. “In an effort to create a more vibrant and diverse pool of investment managers in the small and mid-cap segment, allocations will be made to external fund managers with a specific mandate to be invested entirely in this segment,” SC said. “This will attract more Malaysian youths to participate early in PRS and motivate retirement saving behaviour from a young age.
