Malaysia's stock market was shocked post-Christmas when financial research institute MIDF found that much of the foreign money in the market, estimated at the equivalent of $6 billion earlier in the year, had fled the country. MIDF figured that two days after Christmas only $1.2 billion of foreign money was left. The suggested explanation: mutual fund portfolio managers' account book "window dressing" to improve the appearance of their management.
Malaysia's stock market was shocked post-Christmas when financial research institute MIDF found that much of the foreign money in the market, estimated at the equivalent of $6 billion earlier in the year, had fled the country. MIDF figured that two days after Christmas only $1.2 billion of foreign money was left. The suggested explanation: mutual fund portfolio managers' account book "window dressing" to improve the appearance of their management.
