Malaysia’s Biggest Pension Fund Buying Stocks as Foreigners Sell – Bloomberg 09-12-13

Salient to Investors:

Mohamad Nasir Ab. Latif at EPF, Malaysia’s largest pension fund, said they were net buyers of Malaysian stocks during recent declines as foreign investors cut their holdings, and are looking at real estate in Europe and the US to diversify risk. The fund also plans to raise its overseas investments to 23 percent from 20 percent to widen its earnings base, he said.

Malaysia’s second-biggest pension fund Kumpulan Wang Persaraan (Diperbadankan), Thailand’s Government Pension Fund and Indonesia’s state retirement scheme PT Jamsostek also bought local equities.

The KLCI index is at 15.6 times earnings estimates on August 28.

EPFR Global said global funds have pulled $44 billion from emerging-market stock and bond funds since the end of May.

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Mobius Buying More Malaysian Stocks; May Sell Indonesian Banks – Bloomberg 01-07-13

Salient to Investors:

Mark Mobius at Templeton Emerging Markets says the Malaysian administration has been very good for the markets and will continue to be so, and is buying more Malaysian shares on the country’s economic growth prospects. Mobius is possibly cutting back on Indonesian banks and Indian natural-resources stocks due to valuations.

The Jakarta Finance Index was at 12.3 times trailing earnings last week, while the BSE India Oil & Gas Index was at 11.1 times estimated profit. The FTSE Bursa Malaysia KLCI Index trades at 15.1 times estimated earnings, a 37 percent premium to the MSCI Emerging Markets Index

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