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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil settles up on Mideast tensions, posts weekly loss
Will EVs take off in Malaysia?
MAS keeps currency policy unchanged to fight elevated inflation
Adnoc decides BP is not the ‘right fit’
Vietnam VinFast’s challenges pose risk to Vingroup
Right time to tap into alternative investments
Singapore economy expands 2.7% in 1Q
Unlocking success
Traders bet ECB will chart own rate-cut path
Nextgreen IOI Pulp in production facility deal

Others Also Read