Local funds gradually raising investments in tech firms

Tan Sri Azman Mokhtar , Managing Director of Khazanah Nasional, speaking to the media at the Khazanah Megatrends Forum 2017 yesterday.

KUALA LUMPUR: Local institutional funds have begun to gradually increase their investments in technology-related companies amid the maturing of the tech ecosystem.

The two most notable ones are Khazanah Nasional Bhd and Retirement Fund Inc (KWAP), which are allocating bigger funds to the technology space.