Malaysia’s bond market among most attractive, says investment group

The Petronas Twin Towers are seen through a partially open window in Kuala Lumpur. (AFP pic)

KUALA LUMPUR: The Malaysian bond market is one of the most attractive among the emerging economies, driven by robust fundamentals, current account surplus and rising commodity prices, a global investment management group said.

Aberdeen Asset Management Asia Ltd Head of Asian Sovereign Debt, Kenneth Akintewe said unlike the majority of emerging markets which are negatively impacted by the increase in commodity prices, Malaysia has benefited from the situation due the country’s positive commodity exports.

“It is actually providing some degree of positive stimulus and support for the underlying market valuations,” he told reporters on the sidelines of the Investment Conference 2018 today.