More Malaysian fund managers are investing outside of the country in search of stronger returns, to the tune of RM329bil or one-third of the total assets under management (AUM) in 2023.
KUALA LUMPUR: Exploring part-time job opportunities and inculcating a savings mindset are necessary for both university students and fresh graduates living in urban areas, say financial experts.
Local investors should start shifting their focus from overseas markets to the Malaysian markets again, be it equities or bonds. According to Danny Wong, CEO of Areca Capital Sdn Bhd, long-term investment themes include technology and ESG (environmental, social and governance) investing. Wong, who helms the fund house with assets under management of about RM3.7 billion, is positive on the Malaysian market next year because of several positive catalysts. As a result, the firm deployed a considerable amount of cash into the local markets in the fourth quarter of the year.
Bursa Malaysia likely to have hit bottom thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
THE US Federal Reserve’s (Fed) aggressive interest rate hike may have brought some certainty regarding its inflation control, but has also thrown up challenges to strike a fine balance and avoid a hard landing.