PNB to intensify diversification efforts

President and group chief executive officer Ahmad Zulqarnain Onn (pic) says PNB’s international assets have generated a much larger contribution to the fund’s return of 30% in 2021 compared to 24.2% last year.

Permodalan Nasional Bhd (PNB) is preparing a strategy that will expand its ambitions to become a global fund that invests in various asset classes from fixed income and equities to private equity, commercial and residential assets.

PNB is the country’s largest fund management company with RM338bil in assets under management (AUM). It has been expanding its investment in areas such as logistics and data centres.