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Malaysia’s $30bln pension fund to allocate more money

Malaysia´s Retirement Fund Inc aims to lift the overseas portion of its investment portfolio to as much as 15 percent from 12, as the $30 billion pension fund looks to boost performance while domestic returns slow, its chief executive told Reuters.

Kumpulan Wang Persaraan (KWAP) – the fund´s local name – will review its asset allocation strategy in the new year, Wan Kamaruzaman Wan Ahmad said at Reuters Global Investment 2018 Outlook Summit.

Its current international investments include U.S. ride-hailing firm Uber Technologies Inc, he said. With 125 billion ringgit ($29.83 billion) worth of assets under management, a 3 percentage point increase means a shift of $900 million into foreign deals, a Reuters calculation showed.

Read more @Reuters