Kuala Lumpur
MALAYSIA'S ringgit is falling at the fastest pace among Asian emerging markets, the 10-year bond yield just spiked to an eight-year high and the stock market is closing in on a record third straight annual loss.
But fund managers say it's a good time to buy.
Mitsubishi UFJ Kokusai Asset Management Co said it's looking to add to holdings of Malaysian sovereign debt after expectations of faster US interest rate increases spurred a selloff.
Areca Capital Sdn and Affin Hwang Asset Management Bhd see an opportunity to buy the nation's shares.
"We have positioned ourselves for a market rebound," said Danny Wong Teck Meng, chief executive officer at Areca Capital, whose stock fund has beaten...
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