Some 4.2 percent of Amanah Saham Nasional Bhd (ASNB) unit trust holders control nearly half (47.6 percent) of the RM207.4 billion net asset value (NAV) as of Sept 30.
According to a Finance Ministry parliamentary written reply, the 4.2 percent were those who held between 100,001 and 500,000 units.
Those who fall within this band own a total of RM103.1 billion worth of units.
The written reply does not explain if investors who hold between 100,001 and 500,000 units were individuals or institutional investors.
In contrast, those who own less than 1,000 units, which forms the bulk of fund unitholders (61 percent), have a combined value of only RM1.685 billion in units (0.8 percent of NAV).
Those with more than 500,001 units (0.3 percent), owned RM34.8 billion worth of funds (16 percent of NAV)...