Khazanah: 2016 will be another challenging year

Kuala Lumpur

KHAZANAH Nasional Bhd said that 2016 will continue to be challenging for the Malaysian sovereign wealth fund after a "rollercoaster" year which saw its assets decline amid turmoil in financial markets.

The net asset value of Khazanah's investments fell 1.6 per cent to RM109 billion (S$35.6 billion) at the end of 2015 from RM110.7 billion a year earlier, the company said in Kuala Lumpur on Wednesday. The local stock benchmark FTSE Bursa Malaysia KLCI Index slid 3.9 per cent in 2015.