Tabung Haji seeks to diversify but fights shy of risky assets
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Malaysia’s Hajj fund Tabung Haji (TH) is looking to diversify away from Asia Pacific ex-Japan markets into global markets in order to diversify and capture higher risk-adjusted returns, says its executive director of investment Mohamad Damshal Awang Damit.
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