PETALING JAYA: Fund managers believe the Employees Provident Fund’s decision to invest in mid-to-growth stage Malaysian companies is a good move to further galvanise the domestic investment climate.
Tradeview Capital chief investment officer Nixon Wong lauded the EPF for its proactive approach in stimulating interest in the domestic economy, as he explained that in Malaysia, numerous sectors exhibit considerable growth potential. He said these sectors serve as catalysts for economic development, job creation and enhanced quality of life in Malaysia, positioning the nation for sustainable progress and prosperity.
“These sectors attract foreign investment, fostering technology transfer and knowledge exchange, which would lead to increased exports, particularly in medical tourism and sustainable agriculture, bolstering trade balance and tourism revenue,” he added. “To be fair, the investment is most likely not going to affect EPF’s total returns in a notable way but it will provide more investment and entrepreneurial opportunities for those involved,” he told StarBiz.
Commenting on EPF’s partnership with Gobi, Tradeview’s Wong observed that the latter has been recognised as one of the largest venture capital firms in South-East Asia and China, managing hundreds of millions of dollars in capital across multiple funds.
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