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Portfolio of Malaysia's state investor Khazanah up at RM145.6b in 2014

[KUALA LUMPUR] Malaysian state investor Khazanah Nasional Bhd said on Wednesday the value of its portfolio rose to RM145.6 billion (US$40.51 billion) last year from RM103.5 billion in 2013.

The sovereign wealth fund said at its annual review for 2014 that it saw "steady progress", despite a challenging year.

Khazanah, which owns stakes in mobile services provider Axiata Group Bhd and property firm UEM Sunrise Bhd, has been increasing activity abroad to reduce the risk of being heavily invested at home.