Indonesia sovereign wealth fund INA to trim exposure to infrastructure

[SINGAPORE] Indonesia Investment Authority, one of the country’s two sovereign wealth funds, is looking to reduce its heavy reliance on infrastructure and diversify to real estate in the medium term.

The agency, known also as INA, is seeking to complement its long-term investments in infrastructure with assets requiring shorter holding periods, Christopher Ganis, chief investment officer, told The Business Times in a recent interview.

“While infrastructure remains the foundation (of INA’s portfolio), we are increasingly complementing it with asset classes that offer contractual returns, shorter tenors and higher-yield characteristics. This includes investments in real estate, hybrid capital solutions and selected fund strategies that provide greater flexibility in capital deployment,” he said.