“Fitch affirmed Malaysia’s ‘A-‘ rating with a Stable Outlook on 28 March, noting that the election result was unlikely to lead to significant economic policy shift,” said the ratings agency. “The extent to which the new government’s agenda will shift major policy is uncertain, but the PH victory and its policy platform indicate a much greater potential for change. In the meantime, Fitch will monitor the new government’s policy agenda as it evolves.”
EWM is up 1.16% year-to-date.
“The iShares MSCI Malaysia ETF, or EWM, attracted $106 million last week, or almost 20 percent of its total assets, and the Malaysian equity index has recovered 8.7 percent from a July low,” reports Bloomberg.
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