Asia's Worst Performing Currency Is Back on Investors' Radar
- Current account, fund inflows positive for ringgit: Neuberger
- Bank Negara allows global funds to fully hedge FX exposure
An employee counts Malaysian one-hundred ringgit banknotes at a currency exchange store in Bukit Bintang in Kuala Lumpur, Malaysia, on Aug. 25, 2015.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Asia’s worst-performing currency is starting to come back into favor.
Malaysian assets are coming back onto the radar for global funds after they fled last November when policy makers clamped down on trading in offshore ringgit forwards to halt a currency slide. Neuberger Berman Group LLC says the ringgit may be among the region’s better performers in coming months, while an improving economy has convinced Nikko Asset Management Co. to change its view of Malaysian bonds to neutral after earlier cutting holdings.