Opportunities in alternative investments

(FILES) In this file photo taken on April 22, 2021 gallery workers display an artwork titled 'Femme assise près d'une fenêtre (Marie-Thérèse)' by Spanish painter Pablo Picasso during a photocall at Christie’s auction house in central London. - Pablo Picasso's "Woman sitting by a window (Marie-Therese)" sold Thursday for $103.4 million at Christie's in New York, the auction house said. The painting, completed in 1932, was sold for $90 million, which rose to $103.4 million when fees and commissions were added, after 19 minutes of bidding, Christie's said. (Photo by DANIEL LEAL-OLIVAS / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION

PETALING JAYA: Alternative investments are gaining traction in Asean and Malaysia is set to be one of the beneficiaries in the region for such investments.

Based on global statistics, it is expected to touch US$17 trillion (RM70.18 trillion) by 2023, an increase of 21% from the current level of US$14 trillion (RM57.79 trillion) in assets under management.