Bank Negara Malaysia supports portfolio diversification

Portfolio diversification is more important than ever despite its failure to offer protection against market moves during the financial crisis, says the deputy governor of Malaysia's central bank. Speaking at AsianInvestor's Southeast Asian Institutional Investment Forum in Kuala Lumpur yesterday, Bank Negara Malaysia's Muhammad Bin Ibrahim highlighted the potential importance of moving into new asset classes. This is not something one might typically expect from a central banker, par…