Funds outflow likely to slow down


MIDF analyst Adam Rahim expected the situation to be better for Malaysia when the new government announces its economic policies and firms up the list of Cabinet ministers. He said Malaysia has seen the least amount of outflows from the equities market from January this year until June 15 compared with other markets in the region.

PETALING JAYA: Although foreign investors have been net sellers of both the equities and bond markets so far this year, the outflows are expected to reverse in the next few months.

Analyst and fund managers said the outflow of money was not only unique to Malaysia and that there were several external factors that have contributed to investors selling down on emerging market currencies.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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 , outflow , equity , bond , stocks , shares , government , ministers , economy ,

   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read