TH announced the higher net profit was underpinned by improved investment income of RM1.55b in H1 of 2020, of which RM1bil was from fixed income asset investments or 65% of its total investment income.
PETALING JAYA: Lembaga Tabung Haji (TH) is embarking on its new "3R" investment strategy -- reshape, restructure and re-energise, focusing on new asset allocation to continue providing the pilgrims fund with a stable and recurring income.
TH investment executive director Hizamuddin Jamalluddin said TH's strength relied on its strategic asset allocation and after its restructuring, the fund had focused its allocation on four asset classes, namely money market, fixed income instrument, equity, and real estate.
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