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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Straits Energy associate firm CBL International to be listed n Nasdaq
SunCon wins RM604.9mil RTS Link Project
TNB appoints Abdul Razak Abdul Majid as chairman
Etiqa, first local insurer to sign on to UN Principles for Sustainable Insurance
Yinson 4Q net profit jumps more than two-fold to RM168mil
KLCI skids while glove counters come back into focus
Kulim consolidates plantation business under Johor Plantations
Oil dips after Fed comments, U.S. crude stock build
Philippines central bank raises interest rates by 25 bps
PETRONAS inks MoU with Philippines' Phoenix Petroleum

Others Also Read