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Malaysian assets to gain as funds slash US exposure, says CIMB CEO

Netty Ismail and Joy Lee / Bloomberg
Netty Ismail and Joy Lee / Bloomberg • 2 min read
Malaysian assets to gain as funds slash US exposure, says CIMB CEO
Global funds bought US$45.6 million ($58.72 million) of Malaysian equities so far this quarter, making the country the only emerging Southeast Asian nation to see inflows. Photo: Bloomberg
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Malaysia could end up among the biggest beneficiaries in emerging markets if the Trump administration’s disruptive trade policies trigger a further sell-off in US assets, according to a top executive at CIMB Group Holdings.

“We could potentially see a lot of capital freed up and move to emerging markets,” Novan Amirudin, CEO of CIMB, Malaysia’s third-largest bank by market value, told Bloomberg Television’s Avril Hong.

“Malaysia has all the parameters that tick the boxes for investors as they look at asset allocation and investments,” he said.

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