Prudential Fund Management Berhad Incorporates Barra Analytics into Fundamental Investment Process
MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, is pleased to announce that Prudential Fund Management Berhad, part of Prudential plc of the United Kingdom*, is using the Barra Malaysia Equity Model in their fundamental investment process. Prudential Fund Management Berhad is one of Malaysia’s largest fund management companies with over RM 18 billion in assets under management as of June 30, 2010.
The company is using the Barra Malaysia Equity Model to build and manage their Malaysian strategies, and to understand market exposure, portfolio characteristics, and risk contributions of the assets they hold. The firm’s equity portfolio managers use the information to understand the sources of risk and return within their portfolios.
Deborah Yang, Managing Director of MSCI in Asia Pacific, said, “This is an important step for the Barra business in Malaysia, and we believe other clients are likely to follow suit as we bring the benefits of using equity risk models to fundamental managers across the Asia region.”
MSCI offers single country Barra equity models for 11 Asia Pacific markets, in addition to the recently-released Barra Asia Pacific Equity Model which is designed to help institutional money managers of pan-Asian strategies gain local market risk and return insight across the broad region.