FIMM FCE Practice Questions - FIMM Combined Examination (FCE) Exam

What is the main role of a unit trust management company (UTMC) in a Malaysian unit trust scheme?

To hold custody of the scheme's assets To manage the fund and make investment decisions within the deed and guidelines To audit the fund's financial statements To approve the fund's prospectus on behalf of investors

Correct Answer:

To manage the fund and make investment decisions within the deed and guidelines

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