Malaysia's US$30b pension to allot more money for foreign deals
The fund is banking on an overseas boost to its coffers as domestic returns slow, possibly by up to 15%
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Kuala Lumpur
MALAYSIA'S Retirement Fund Inc aims to lift the overseas portion of its investment portfolio to as much as 15 per cent from 12, as the US$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 US ride-hailing firm Uber Technologies Inc, he said.
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