San Francisco, California: Datuk Seri Najib Tun Razak, who is on the last leg of his one-week working trip to Californa, started Wed­nesday by promoting Malaysia as a good prospect for investments to American fund managers mana­ging US$4.5tril (RM18.8tril).

The Prime Minister said Malaysia’s economy was growing fairly well despite the challenging global economic situation.

“Malaysia is a good prospect and under adverse conditions, we still perform.

“Moving forward, I still believe that our performance can continue with the political stability and go­vernment policies.

“I know there is a lot of noise but if you look beyond and deeper into Malaysia, we do have strong fundamentals.

“It is only a question of time before the markets realise it,” he said as he addressed 16 fund ­ma­­nagers from 11 organisations.

This is the first time San Francisco-based investors have had access to the Prime Minister in a closed-door session.

Also present was Minister in the Prime Minister’s Department Datuk Seri Wahid Omar.

San Francisco is the fourth stop of the Invest Malaysia 2016 Conver­sation Series by Bursa Malaysia that included Hong Kong, Sin­ga­­pore and London.

Najib said the Government ­be­­lieved the ringgit was under-­performing but expressed confidence that it was a matter of time before the markets realised it.

“The ringgit, we believe, is under-performing, it is being sold down but it will recover in the near future and we will see the Malaysian economy doing as well as we expect in terms of our long-term projection,” he added.

Najib said Malaysia was a diverse and resilient economy.

“There is a tendency to lump emerging economies in one basket but Malaysia has got some fun­damentals that would differentiate it from the rest of emerging markets.

“So the ship is on even keel, we are moving forward and we believe 2016 will be quite a challenging year but we will perform reasonably well,” the Prime Minis­ter added.