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Local assets likely to attract foreign investors

The Star LogoThe Star1w ago

Local assets likely to attract foreign investors - The Star

Quick Summary:

While narrowing yield differentials following a rate cut by the US Federal Reserve (Fed) will help make local assets more appealing and attract foreign portfolio funds, investor focus will likely shift to how the global and domestic economic conditions evolve post cut.

We think the ringgit could hold at 4.4 by end-2024 while the equity market has entered a phase where investors are focusing on the execution part instead of a story-driven rally like what we used to experience in the early of year,” Khaw said.

The foreign fund inflows have offset outflows from local institutions on profit-taking moves following the strong rally in the first half of 2024.

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Article Details

Author / Journalist: BHUPINDER SINGH

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1085 words

Reading Time: 7 minutes read

Sentences: 30 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22580857

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 28 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Local assets likely to attract foreign investors" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The outlet is headquartered in Malaysia and publishes an average of 28 news stories per day.

It's most recent story was published 5 hours ago.

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  • URL: https://beamstart.com/news/local-assets-likely-to-attract-17266886845271

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