DUBAI: It was a one-two punch that’s turned the ringgit into Asia’s worst performer this month.
Getting dropped from the FTSE gauge may lead to outflows of almost US$8 billion, based on the nation’s weighting of 0.39% and IMF’s estimate that US$2 trillion track the index, Morgan Stanley said. “The risk of dropping Malaysian bonds from the flagship index seems more likely than not, in our view, unless fundamental changes are made to improve Malaysia’s market accessibility level,” said Winson Phoon, head of fixed-income research at Maybank Kim Eng Securities Ltd in Singapore.
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