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Foreign market funds gain popularity as ringgit weakens

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Foreign market funds gain popularity as ringgit weakens

A
Astro AWANI

0 Views • Dec 06, 2017

Description

Foreign market funds, once popular among investment houses, appear to be making a comeback on the back of a weakening ringgit and low crude oil prices.

Public Mutual 's CEO Yeoh Kim Hong said these funds, focusing on foreign markets, have gained interest among investors following the retracement of the ringgit against the US dollar and selected regional currencies.

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