StanChart’s Manpreet says investors expected to diversify their portfoliosKUALA LUMPUR: The volatile ringgit and more profitable investment opportunities overseas may prompt investors to look elsewhere amid a market shifting toward protectionism. “We are looking at a rate of RM4.40 per US dollar by year end,” Manpreet said. Investors will also be expected to diversify their portfolios to mitigate the effects of the weakening ringgit despite Malaysia having a robust bond market. “Although sukuk bonds offer a lower yield, sukuks should also be an investor preference due to lower volatility resulting from a structured demand base,” Manpreet also added. Standard Chartered’s Outlook 2017 publication highlights key market scenarios and offers investors a map of key investments under a “#pivot?” theme to guide them through the uncertain global market.

Source: The Star January 19, 2017 23:36 UTC