9.6 Recent Trends in Collective Investment Schemes

1. The mutual-fund market's growth (the AMCs' expansion; the funds' AUM rise with the retail boom; the ETF-and-index-fund debates).2. The pension-and-provident institutionalisation (the CIT-and-EPF's market roles — the institutional investors' deepening).3. The collective-investment's frontier products (the infrastructure-and-hydro funds' talk; the REIT-style structures' debate).4. The fintech-and-platform era (the digital distribution-and-advice faces — the robo-and-app investing's arrival).5. The scandal-to-reform cycle (the cooperative-crisis legislation; the deposit-protection-and- resolution regimes' development — the Unity Life's-and-the-cooperatives' legislative afterlives).