Market already factored in potential downside risk of global growth

In its latest rebalancing for Malaysia model portfolios, Maybank IB Research added new defensive and domestic investment-themed sectors such as utilities, consumer, industrials and energy sectors.

PETALING JAYA: The market has taken into account the potential downside risk of global growth on Malaysia’s economic recovery according to Maybank Investment Bank (IB) Research.

The research house said this is reflected in the MSCI Malaysia Index, which is designed to measure the performance of the large and mid cap segments of the local market, which is down 3.9% compared with MSCI Asean Index which grew by 2.8% on a three-month basis.