Top fund bets on long-term stock rally for Malaysia

After three years of negative returns, Malaysia’s benchmark index is outperforming in South-East Asia.

KUALA LUMPUR: Malaysia’s government policies are positioning the nation’s stocks as a long-term winner in the region, with a nearly 10% rally likely to extend, according to one of Asia’s top-performing funds.

“We are getting more confident on the policies that have been announced so far,” and are identifying potential beneficiaries of new measures that will be implemented, said Chun Hong Lee, a portfolio manager at Principal Asset Management Bhd.