Thursday, 14 January 2016

Khazanah says overseas investments give better returns

Malaysia’s sovereign wealth fund Khazanah Nasional Bhd will be looking at expanding its presence overseas amid expectations that domestic and global economies will remain volatile in 2016.

Managing director Tan Sri Azman Mokhtar said the fund’s international investments had been giving it a higher rate of return compared with returns from Khazanah’s legacy assets.

Overall, Khazanah’s investments, which includes legacy assets, have given it a return of 10.7% in 2015. But if separated, its international investments have given it about 18% per annum.

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