M'sian pension fund faces tough operating environment
Returns will be hard to find as foreign outflows weigh on stocks and ringgit
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Kuala Lumpur
MALAYSIA'S biggest pension fund manager said that returns will be hard to find as foreign outflows weigh on the nation's stocks and currency.
The fund is "facing a tough operating environment this year", said Nurhisham Hussein, economics and capital markets department head at Employees Provident Fund (EPF), which manages RM664 billion (S$228.8 billion) in assets. While the downturn "affords a few opportunities", equities continue to "trade at a premium to other regional markets", he said.
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