The stock market really in the country has been boosted by large inflows of foreign cash. On Thursday alone the market saw a net inflow of $63.5 million and year-to-date the number stands at $3.6 billion.
The iShares Malaysia ETF (EWM) is also trading at a new all-time high and is up 4% in 2013, lagging many major markets. But in the last month the ETF is up 10% after some turmoil earlier in the year.
The growth expectation for the country this year is between 4.5% and 5.0% and with inflation near 2.4% the country is well positioned to continue attracting foreign investments. The election is on May 5 and if all goes well I expect Malaysia to continue hitting highs into the second half of 2013.
If you would like to know my alternative to investing in EWM you can email info@pennfinancialgroup.com. The ETF not only give investors exposure to Malaysia, but other high growth countries in the region!!
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