- The Malaysian central bank has reported a 3.4% contraction in 4Q20 GDP, which is a much bleaker result if compared to a 2.6% decline in 3Q20.
- Some pundits consider that a 25 bps cut in the overnight policy rate is exceedingly likely. In theory, this can result in the weakening of MYR.
- EWM's most substantial investment is Kuala Lumpur-listed Public Bank Berhad that has an above 13% weight in the portfolio.
- EWM is overweight in financials, healthcare, underweight in energy and consumer discretionary.
- I would not say I am overwhelmingly bullish on EWM, so I opt for a neutral stance.
For further details see:
EWM: Tepidly Optimistic