KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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...