KUALA LUMPUR: Closed-end fund (CEF) icapital.biz Bhd will stick to its winning formula of buying undervalued stocks with good growth potential, said its fund manager.
“The fund still has a substantial amount of cash, but we will not buy (a stock) for the sake of buying,” said Tan Teng Boo, the designated person of Capital Dynamics Asset Management Sdn Bhd, who manages the fund.
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