Malaysian Assets to Gain as Funds Slash US Exposure, CIMB Says
Malaysia could end up among the biggest beneficiaries in emerging markets if the Trump administration's disruptive trade policies trigger a further selloff in US assets, according to a top executive at CIMB Group Holdings Bhd.
'We could potentially see a lot of capital freed up and move to emerging markets,' Novan Amirudin, chief executive officer of CIMB, Malaysia's third-largest bank by market value, told Bloomberg Television's Avril Hong. 'Malaysia has all the parameters that tick the boxes for investors as they look at asset allocation and investments,' he said.
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