THE move to create a new RM3bil fund made up of commitments by our government-linked investment funds needs to be executed with caution.
The monies are meant to be invested in small and mid-sized listed companies. The rationale is appreciated. These companies, at least the ones that deliver on their promises, are part of an important eco-system from which larger successful Malaysian listed companies are created. But investment funds tend to shy away from investing in these small and mid caps.
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