KUALA LUMPUR: Sovereign wealth fund Khazanah Nasional Bhd plans to increase its exposure to developed markets as the impact of the pandemic has pressured valuations.
“In the depths of the crisis there was some real good opportunities to buy some long-term assets, especially in markets that we were underexposed to, ” managing director Datuk Shahril Ridza Ridzuan said in a Bloomberg Television interview.
Khazanah, which holds stakes in the country’s top companies Axiata Group Bhd
and IHH Healthcare Bhd, plans to keep increasing the proportion of its assets invested overseas from less than 20% currently, he said.
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