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Bursa Malaysia Berhad in collaboration with Maybank Kim Eng hosted Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak in a capital market conversation in San Francisco with global fund managers to talk about the direction for Malaysia approaching 2020. He also shared the fundamentals underpinning Malaysia’s diverse and resilient economy that has helped Malaysia to outperform regional peers.
On 17th February 2016, the Prime Minister led the Invest Malaysia 2016 Conversation in San Francisco between Malaysian policy makers and 16 global fund managers who represent a total Assets Under Management of over USD7 trillion.
YAB Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak (centre), Prime Minister of Malaysia, in conversation with global fund managers, together with YB Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, Economic Planning Unit, on his right, and on his left, H.E. Datuk Dr. Awang Adek Hussin, Ambassador of Malaysia to the United States, followed by Datuk Seri Tajuddin Atan, CEO of Bursa Malaysia Berhad, and John Chong, CEO of Maybank Kim Eng.
Datuk Seri Tajuddin Atan, CEO of Bursa Malaysia, said, “With rapid globalisation and market connectedness, markets are continuously jostling for their share-of-wallet of the same global, as well as domestic, liquidity pools. With Malaysia making up only 3.22%[1] of the MSCI AC Asia-Pacific ex Japan Index, we have to work hard to ensure we capture our share and more investment flows from large global funds such as the ones we met in Singapore, Hong Kong, London and San Francisco more recently. To this end, Bursa Malaysia is committed to working with key broker partners, policy makers, regulators and listed companies to communicate the Malaysia Story and get the facts on the table directly to global fund managers through our Invest Malaysia Capital Market Conversation platform.”
Key facts shared with the fund managers:
- FBM KLCI growth of 90% since 2009
- 150% growth in market capitalisation, which equates to an increase of nearly RM1 trillion in market value growth from the over 900 listed companies on Bursa Malaysia
- Malaysia is out-performing ASEAN peers (SET, FSSTI, JCI, HIS) in terms of benchmark index performance over the past 12 months
- In 2014, Bursa Malaysia became the first emerging market to implement an exchange driven, globally benchmarked FTSE4Good ESG index
- In 2015, Bursa Malaysia became one of the first emerging markets to be a Partner Exchange Signatory to the Sustainable Stock Exchange Initiative
John Chong, CEO of Maybank Kim Eng Group said, “The meeting in San Francisco was very timely. After presenting the facts, I believe many of the funds will take a strong look at Malaysia and find some of the better buying opportunities in Asia right now. Sentiments amongst the fund managers were positive towards Malaysia as our market has been relatively resilient in comparison to regional peers. Majority of the fund houses represented are long-only funds and have a high level of interest in Malaysia. One of the main attractions of Malaysia’s equities market is that it offers the growth opportunities of an emerging market, but the market infrastructure and regulatory framework of a developed market. There are also many regional companies in Malaysia and investing in these companies will provide investors indirect exposure to the ASEAN market.”
“We are pleased to partner Bursa Malaysia for Invest Malaysia 2016. As a regional investment bank, Maybank Kim Eng continues to provide global investors with unparalleled access to the region’s key policy makers; we are proud to offer our clients in San Francisco the exclusive opportunity to directly engage with the Honourable Prime Minister of Malaysia to gain firsthand insights on the resilience of our capital market, and the government’s commitment to maintain strong fiscal discipline,” said John Chong.
“This is the first time that the Prime Minister has met with San Francisco based fund managers, many of whom have investment strategies that focus on sectors related to technology, innovation and the environment. San Francisco is the fourth of the Invest Malaysia 2016 Conversations series organised by Bursa Malaysia in partnership with Maybank Kim Eng. Senator Dato’ Sri Abdul Wahid Omar, Minister in the Prime Minister’s Department, led the Invest Malaysia 2016 Conversations series in the first three financial centres of Hong Kong, Singapore and London earlier this month. 103 fund managers from 79 global funds with Total Assets Under Management of over USD20 trillion have been engaged in conversation about the capital market investment opportunities available in Malaysia,” Datuk Seri Tajuddin added.
