It seems that more ringgit is going overseas. Most of the mutual fund companies are capitalizing on the opportunity to diversify their investment either globally or in the Asia Pacific region.
Public Mutual Bhd CEO Lam Kam Yin said foreign investors were expected to be selective in their stock picking given that various stocks had already registered strong gains in the recent rally. On the sectors that the company would invest in for the second quarter, Lam named the power, plantations, and selected manufacturing and transportation sectors.
Is the grass really greener out there?
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