World's biggest money manager cuts funds to M'sia because other regional markets lucrative


(right) Director and Portfolio Manager Asian Equities team blackrock Joshua Crabb and Co;head Institutional unit trust advisor (IUTA) AmInvest Penny Leong at media briefing at Menara AmBank.

PETALING JAYA: BlackRock Inc, the world’s largest asset manager based in New York, is reducing shares in Malaysian companies because it is betting that stocks in other regional markets will rise at a faster pace this year.

The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) climbed 10% last year to outperform many of its regional peers, prompting foreign analysts, including those at Standard Chartered bank, to cut their rating on Malaysian equities to “neutral” from “overweight”.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Business , BlackRock

Next In Business News

Ringgit opens slightly higher against US$ as Fed mulls interest rate cuts
FBM KLCI comes within striking range of 1,600
Trading ideas: Notion Vtec, Gamuda, Inari, Icon. Bank Islam, Northern Solar, Zecon, IHH, MN, Scomi Energy, Bina Puri, LCTitan, BAT
LBS RINGS IN LUNAR NEW YEAR WITH ROYAL PRESENCE
Canada’s Alberta eyes Japan for new LNG deals
BAT to bank on its resilient combustible products
Singapore investment commitments reach US$16bil
Zecon signs PV deal with Petrosabah
Brevan Howard wipes out 2024 gains
Musk ‘buyout’ deal attract more takers

Others Also Read