By NST BusinessKUALA LUMPUR: The Securities Commission has issued Guidelines on Sustainable and Responsible Investment (SRI) Funds to facilitate and encourage greater growth of SRI funds in Malaysia. The new Guidelines, which enable funds to be designated as SRI funds, will widen the range of SRI products in the market and attract more investors in the SRI segment. The introduction of the SRI Funds Guidelines is another significant step towards further development of the SRI ecosystem in the Malaysian capital market, reinforcing our positioning in the regional SRI segment and global leadership in Islamic finance,” said SC chairman Tan Sri Ranjit Ajit Singh. With Islamic funds being recognised as part of the SRI universe, Malaysia is currently the largest SRI funds market in Asia (excluding Japan). The SRI Funds Guidelines will apply to fund products within the SC’s oversight, such as unit trust funds, real estate investment trust funds, exchange-traded funds, and venture capital and private equity funds.

Source: New Strait Times December 19, 2017 09:45 UTC