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Invest Malaysia 2014 showcases funds with US$24.6 trillion assets
Publication Date : 16-06-2014
The Invest Malaysia 2014 capital market conference featured 989 local and global fund managers, representing almost US$24.6 trillion in assets under management.
The two-day conference, which kicked off on June 9, showcased 57 of Malaysia’s large-cap and mid-cap multinational companies - many have gained leading positions in key sectors across Asean, said co-organisers Bursa Malaysia and CIMB Investment Bank Bhd in a joint statement.
“Malaysia has earned a global reputation as 6th for the most conducive environment for doing business,” said Bursa Malaysia chief executive officer Tajuddin Atan in the statement.
“The last five years has seen Bursa Malaysia expand by 184 per cent in terms of market capitalisation and a renewed interest of foreign investments in our marketplace.
“The companies at Invest Malaysia attest to the diversity and depth and most prominently, our unique advantage as the prime marketplace for investors to tap into the growth of Asean,” he said.
In the same statement, CIMB Investment Bank chief executive officer Tengku Zafrul Tengku Aziz affirmed Malaysia’s growth potential for Malaysian corporates.
“The strong turnout of both corporates and fund managers, as well as the record amount of asset under management at this annual investors’ conference, are testament to Malaysia’s economic resilience and continued appeal as an investment destination.
“Malaysian companies also have the double fortune of harnessing the opportunities and efficiency of our marketplace, and our geographic advantage to tap into the growth of Asean - one of the fastest growth regions in the world.”
Tajuddin also said Bursa Malaysia would continue to drive sustainability in Malaysia by bringing new investable products to the market and a focus on new growth segments. “Malaysia will have the second largest workforce growth in terms of percentage between now and 2024. The retail segment, primarily the youth, forms a large portion of our efforts to ensure a sustainable marketplace.”
At Invest Malaysia 2014, the new Refined, Bleached and Deodorised Palm Olein Futures Contract will commence trading today on Bursa Malaysia and is expected to add to the breadth and depth of investment possibilities of over 900 stocks, exchange tade fnds and derivatives products.
“The new FPOL together with the global benchmark, Palm Oil Futures Contract , underscore Bursa Malaysia as the global marketplace and benchmark for palm oil.”
Invest Malaysia 2014 also saw Prime Minister Najib Razak announcing the Bursa Malaysia-focused ESG Index, which will be the first in Asia to be part of the globally benchmarked ESG Index.
“And for the first time at Invest Malaysia, Bursa Malaysia together with CIMB, provided the opportunity for young executives, Malaysia’s future leaders, to see up close and understand how Malaysia’s top leaders interact with the world’s leading fund managers.
“In the marketplace, Bursa Malaysia launched Bursa Marketplace to elevate the level of retail knowledge, giving everyone access to comprehensive, objective and accurate information about our marketplace.”