KUALA LUMPUR: The withdrawal of BlackRock’s investment from Malaysia, if it happens, will have implications and negative impacts on efforts to realise the country’s investment agenda, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
According to him, BlackRock, which is the largest asset manager in the world with assets under management worth US$10.5 trillion as at March 31, 2024, also holds equity investments in 100 public-listed companies in Malaysia as of May this year.
“This includes the industrial sector, with the three largest entities being banking institutions in the country. Overall, BlackRock owns assets worth RM27.5bil in Malaysia,” he said.
He said of that amount, RM20.5bil of BlackRock’s investment was in the Bursa Malaysia stock market and around RM7bil in government and corporate bonds in the country. — Bernama
