Industry experts share market perspectives at investment conference


One of the speakers sharing his thoughts at the first edition of the hybrid Phillip Investment Conference 2022.

THE PhillipCapital Group successfully concluded its first edition of the hybrid Phillip Investment Conference 2022 with 2,805 delegates.

The annual conference featured more than 10 distinguished speakers who provided insights on topics ranging from the global economy to investment strategies and investor sentiments.

Key representatives from Bursa Malaysia, Eastspring Investment Bhd, Kenanga Investors Bhd, Affin Hwang Asset Management Bhd, AmFunds Management Bhd, Maybank Asset Management Sdn Bhd and other unit trust management companies shared their perspectives on market developments and challenges faced in 2022.

Bursa Malaysia Bhd chief executive officer Datuk Muhammad Umar Swift announced the launch of the revamped Gold Futures Contract (FGLD) by Bursa Malaysia Derivatives later this year.

The revamped FGLD is intended to provide domestic investors access to trading gold in US currency, without the need for conversion.

“In addition, the exchange is exploring alternative vegetable oils to provide diverse trading strategy proposition to the trading community, such as inter-commodity spread trading,” Muhammad Umar said in his keynote speech during the event held in Kuala Lumpur.

Meanwhile, PhillipCapital Malaysia group managing director Andy Lim announced the successful completion of the sale of Alliance Investment Bank Bhd’s (AIBB) stockbroking business to Phillip Capital Sdn Bhd (formerly known as Phillip Futures Sdn Bhd).

This will enable investors to access a wider range of products and services offered by Phillip Capital. Apart from contract for difference (CFD) and futures, customers can now trade stocks with Phillip Capital.

“As we complete this transfer exercise, we believe that the combined experience of the remisiers and management team of AIBB’s stockbroking business and Phillip Capital’s derivatives team, together with our global market access, will be able to introduce more innovative broking services and provide an exceptional investing experience to our clients,” said Lim.

The conference was followed by a discussion titled “Investment Strategies in a Volatile, Uncertain, Complex, Ambiguous (V.U.C.A.) World”, moderated by radio producer Sim Wie Boon.

Eastspring Investments Bhd investment head Doreen Choo, Kenanga Investors Bhd equities and investment head Christopher Kok Keng Fai, Bursa Malaysia Deriva-tives Bhd executive vice-president Mohd Saleem Kader Bakas and Phillip Capital Management Sdn Bhd chief investment officer Ang Kok Heng shared ideas, outlook and strategies in investing and adapting to the V.U.C.A. environment.

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