Foreign investors return to net buying of MGS and GII in November

KUALA LUMPUR: Foreign investors were net buyers of RM1.2bil of Malaysian Government Securities (MGS) and Government Investment Issues (GII) in November after two consecutive months of net selling, said RAM Ratings Services Bhd.

According to the ratings agency, this was due to the US Federal Reserve's less hawkish message in early November, which reignited interest in local currency emerging market (EM) bonds last month.