KUALA LUMPUR: Malaysia’s equity market outlook remains optimistic, reflected in the strengthening of the ringgit, says global asset management firm Nomura Asset Management Sdn Bhd (NAM Malaysia).
NAM Malaysia director Atsushi Ichii said most of the funds under management are denominated in ringgit and are largely supported by ringgit-based investors.
“A stronger ringgit translates into a positive tailwind, as it reflects confidence in Malaysia’s economy.
“Improved asset values and potentially lower funding costs could benefit ringgit-denominated funds,” he told reporters on the sidelines of the launch of its global multi-theme equity fund yesterday.
He added that despite ongoing market volatility, the overall outlook remains supported by expectations of continued economic growth.
NAM Malaysia yesterday launched its global multi-theme equity fund to capture structural growth opportunities worldwide.
The fund offers Malaysian investors diversified exposure to multiple long-term structural growth themes shaping the global economy. — Bernama
