PNB to add infrastructure assets in portfolio

SINGAPORE: Malaysia’s largest asset manager, Permodalan Nasional Bhd (PNB), plans to add infrastructure assets into its portfolio from next year to diversify its exposure and navigate the current high inflationary environment, its top executive said.

PNB, which managed RM336.7bil of assets in 2021, has the majority of its portfolio invested in public equities, both local and international, besides private investments and real estate, among others.