Khazanah says overseas investments give better returns

New direction: Azman says Khazanah hopes to increase its presence overseas in the area of innovation and technology. — Bernama

KUALA LUMPUR: 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.