Salient to Investors:

Mohamad Nasir Ab. Latif at EPF, Malaysia’s largest pension fund, said they were net buyers of Malaysian stocks during recent declines as foreign investors cut their holdings, and are looking at real estate in Europe and the US to diversify risk. The fund also plans to raise its overseas investments to 23 percent from 20 percent to widen its earnings base, he said.

Malaysia’s second-biggest pension fund Kumpulan Wang Persaraan (Diperbadankan), Thailand’s Government Pension Fund and Indonesia’s state retirement scheme PT Jamsostek also bought local equities.

The KLCI index is at 15.6 times earnings estimates on August 28.

EPFR Global said global funds have pulled $44 billion from emerging-market stock and bond funds since the end of May.

Read the full article at  http://www.bloomberg.com/news/2013-09-12/malaysia-s-biggest-pension-fund-buying-stocks-as-foreigners-sell.html

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