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Foreign fund managers keen to invest in Malaysia
Wed, Nov 25, 2009
The Star/Asia News Network

NEW YORK, US - Fund managers, including those who represent huge pension funds worth trillions of dollars in the United States, have expressed interest in investing in Malaysia but want the Government to ensure continuity of its liberalisation policy.

Prime Minister Datuk Seri Najib Tun Razak, who briefed fund managers, bankers and corporate leaders here on Monday, said they liked the "Malaysian story" but wanted the Government to continue with its economic reforms to get results.

The financial community welcomed the re-listing of Maxis, saying it gave them the opportunity to invest in a major counter. They also indicated interest in investing in companies with big market funds, good potential and governance.

One complaint however, was the lack of liquidity market and not enough companies with big market capitalisation. There were also calls to have "free float" of shares and for EPF, Khazanah and PNB to reduce their equity so that more shares could be sold in the open market.

"If we want to make Malaysia more attractive, we have to read the signals and act accordingly.Otherwise, in terms of market play, we will be marginalised," he told a press conference held after a series of meetings with investors and captains of the financial industry that lasted over six hours.

 

 

 

 

 

 
 
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