PNB aims to triple offshore assets by 2022

Malaysia’s government-linked investment manager, Permodalan Nasional Berhad (PNB), is aiming to accelerate plans to increase its overseas allocation over the next three years to 30% from 8.5% in 2019. In the firm’s first-ever live streaming on Facebook on Monday (May 4), PNB outlined its strategy to diversify its RM 312 billion ($72.3 billion) portfolio.  “The goal is to optimise overall risk-adjusted returns in a persistently low-yielding environment that we are in. Not only wi…