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Foreign funds eyeing some Malaysian poultry players

PETALING JAYA: Increasingly convinced by the poultry sector’s defensive nature and better margins going downstream, foreign funds are now eyeing selective poultry players.

MIDF: Foreign funds return, may buy heavyweights

PETALING JAYA: Foreign funds have been making a comeback to Bursa Malaysia so far this year and could benefit some familiar heavyweight counters, according to MIDF Research.

Xiaomi has no plans to raise new funds for now, says its VP

HONG KONG: China’s most valuable start-up Xiaomi Inc is financially self-sufficient and has no plans to raise new funds for now, its global vice-president said, even as it is undertaking a planned expansion in India.

Regulators worry over assets held by high-yield funds

WASHINGTION: Regulators remain worried about hard-to-sell assets held by high-yield bond funds as they probe whether the failure of the Third Avenue Focused Credit Fund could be repeated, a top US Securities and Exchange Commission official said.

Saudi minister believes funds given to Najib were investment, not donation

PETALING JAYA: A Saudi Arabia minister believed that the funds that went to Prime Minister Datuk Seri Najib Tun Razak's personal account was an investment rather than a political donation.

Rabobank’s ‘crown jewels’ draw pension funds

AMSTERDAM: Rabobank Group, the Netherlands’ biggest mortgage lender, is in talks to sell home-loan packages of at least 1 billion euros (US$1.1bil) each to Dutch pension funds and insurers amid a plan to shrink and cut costs.

Investor LGIM dumps ExxonMobil from its Future World funds

LONDON: Britain's biggest asset manager has removed ExxonMobil and four more companies from its 5 billion pounds ($6.3 billion) Future World Funds, and said it would vote against their chairs for failing to confront the threats posed by climate change.

Foreign funds net sellers at RM11.65b since January, says MIDF

KUALA LUMPUR: Foreign funds were net sellers on Bursa Malaysia at RM11.65bil or US$2.88bil since January this year, the highest since 2015 when net outflow was RM19.49bil, says MIDF Research.

Inflow of foreign funds likely to improve in the coming weeks, says analyst

KUALA LUMPUR: Foreign fund inflow is expected to improve in the coming weeks as evident by the RM123.3mil in foreign funds which came in last Thursday – the highest inflow since Nov 8.

Public Mutual declares RM51m distributions for eight funds

KUALA LUMPUR: Public Mutual has declared more than RM51mil in distributions for eight of its funds for the financial year ending Sept 30, 2018.