Malaysian investors remain bullish

A Bernama report two days ago said that despite fears that the US sub-prime crisis will spread to the wider global economy, 60% of Malaysians have a positive investment outlook. The news agency was quoting a study by ING Asia Pacific that investor sentiment remains robust in most Asian countries.ING LogoThe ING Investor Sentiment Tracking Study, which surveyed 13 markets across Asia with a total 1,308 mass affluent respondents, showed investors in the two “hottest” Asian economies – China and India – were the most bullish with over 70% of respondents there believing the economic situation in their home country will improve in the next three months.

Malaysia followed closely behind at 60%.

”Malaysian investors are very optimistic in their investment outlook which can be partly explained by an expectation of gross domestic product growth of more than 5% for 2007. The Government’s development plans, including the five-year Ninth Malaysia Plan and the Iskandar Development Region, could also be contributing factors to the high level of investor confidence,” ING Funds chief executive officer Steve Ong said in a statement.

Research firm TNS conducted the study in July and August this year through online and face-to-face interviews with investors in Malaysia, Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, New Zealand, the Philippines, Singapore, Taiwan and Thailand.

While local stocks emerged as the most popular choice of investment in Asia, as chosen by more than half of the countries surveyed, the study revealed that 81% of Malaysian investors chose cash/deposits as their most preferred investment tools.

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