The fund management industry recorded its highest monthly net withdrawal in 2020 during the height of the health crisis in March. However, the industry demonstrated resilience throughout this episode of market stress due to the soundness of the liquidity risk management frameworks of capital market intermediaries. Furthermore, investment management professionals navigated market volatility through effective management strategies, which led to the restoration of investor confidence. By July 2020, the fund management industry rebounded and recorded asset under management (AUM) of RM844.1 billion, surpassing the historical high of RM823.2 billion as at end December 2019.