KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
Major financial firms including BlackRock Inc and Invesco Ltd are competing to offer private market investments through exchange-traded funds (ETFs), aiming to make these typically exclusive assets accessible to a broader range of investors. This move could inject new capital into private markets, which have seen explosive growth but are currently facing challenges. Key Takeaways: Growing Interest in Private Markets via ETFs : BlackRock , Invesco , and others are exploring ways to offer private market assets through ETFs. Private markets are valued at over $13 trillion, while ETFs are gaining popularity at the expense of traditional mutual funds. Challenges and Innovations : The primary challenge is the liquidity mismatch between illiquid private assets and the inherently liquid ETF structure. Potential solutions include synthetic exposure through swaps or creating liquid alternative ETFs to mimic private asset performance. Regulatory and Technical Hurdles : The SEC limits open-ended f...