QUOTE(lscplzlh @ Jan 10 2017, 09:32 AM)
By Adam Aziz / theedgemarkets.com | January 9, 2017 : 7:15 PM MYT
KUALA LUMPUR (Jan 9): Permodalan National Bhd (PNB) will continue to focus on domestic investments in 2017, particularly in equities, on the back of expectation of stability returning to the market this year.
Nevertheless, the scale of its international ventures is likely to grow in time, PNB group chairman Tan Sri Abdul Wahid said.
"At the moment our investment in the international property and equity account for only 2% of our total portfolio. From time to time, we do look into diversifying our overseas investment.
"I think in time the number will increase, but the bulk of our investment will remain in Malaysia. Our unitholders would like to see more investment in the Malaysian economy." Abdul Wahid said.Abdul Wahid spoke to the press today after a ceremony to appoint AmBank Group Bhd as an official agent of Amanah Saham Nasional Bhd.
Currently, the nation's biggest unit trust fund is highly dependent on the local economy, with 98% of its funds invested in the domestic market, most of which is funnelled into the nation's stock market.
http://www.theedgemarkets.com/my/article/p...investment-2017QUOTE(Chrono-Trigger @ Jan 10 2017, 10:15 AM)
Come to think of it,... this is also the way I adopt,... I don't invest directly into the BSKL (though I tried earlier and when I couldn't key in my orders with Maybank Secs, I gave up),...
Just a side note : Frankly, I tried to invest into the local BSKL earlier, wanting to bring back my funds from overseas. I am too used to using internet purchases to trade. I experienced a lot of problems with Maybank Secs platform,..
When I asked for help, the helpdesk said it's like that. Ca't change anything,... I said I hoped to bring back my funds into to invest nearer,... Maybank Securities told me NOT to do so !
So,.. inadvertently, I go with PNB to invest into the local BSKL. I might stay longer if the divvy rate stays above 6%. Otherwise, it will be messy to go change money every now and then when I received my income in Msia.