The falling ringgit and growing pessimism towards the local stock market are driving Malaysian investors to look at foreign currencies, especially the US dollar and overseas markets for better returns.
A recent survey by Franklin Templeton Investments found that 53% of Malaysian investors would invest in foreign currency-based funds within the next three years, up from 45% last year.
According to the international fund manager, Malaysian investors are also cautious about the prospects of the local equity market this year, with 39% expecting the benchmark index to decline and 30% expecting it to be flat.
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A recent survey by Franklin Templeton Investments found that 53% of Malaysian investors would invest in foreign currency-based funds within the next three years, up from 45% last year.
According to the international fund manager, Malaysian investors are also cautious about the prospects of the local equity market this year, with 39% expecting the benchmark index to decline and 30% expecting it to be flat.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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