[KUALA LUMPUR] Malaysian state investor Khazanah Nasional Bhd said the value of its portfolio rose to 150.2 billion ringgit (S$49.2 billion) last year from 145.5 billion ringgit in 2014.

The sovereign wealth fund also said on Wednesday that it expected global and domestic volatility to continue this year after a challenging 2015.

Khazanah's investments include stakes in mobile services provider Axiata Group Bhd, property firm UEM Sunrise Bhd, electricity utility Tenaga Nasional Bhd and lender CIMB Group.

REUTERS