UOB Asset Management (M) Bhd chief investment officer Francis Eng said: With a lot of liquidity out there, we think the yield here (in Malaysia) is still attractive enough .
KUALA LUMPUR: UOB Asset Management (M) Bhd expects another Overnight Policy Rate (OPR) cut to take place this year if the Movement Control Order (MCO 2.0) is extended beyond Feb 4,2021, or stricter measures are enforced by the government.
Chief investment officer Francis Eng said however, a further interest rate reduction would not make Malaysia’s fixed income market less attractive to foreign investors. We are now in an environment where the global interest rates are at very low levels, and there are trillions of bonds with negative yields out there.