Wealthy Malaysian investors shift money to safe-haven assets

PETALING JAYA: Wealthy Malaysian investors are shifting their money to safe-haven assets such as bonds and gold from property in light of a more cautious market and the upcoming general election.

Knight Frank Malaysia managing director Sarkunan Subramaniam said wealthy investors in Malaysia notably increased their exposure to bonds and gold last year, as they were seen as safe-asset classes in light of 2018 being an election year.