The Malaysian $30 billion state pension plans to make all its portfolios 100% sharia-compliant and may reduce its performance target in light of prevailing low yields.
The Malaysian state pension is in a period of transition. Having had its global investment ambitions curtailed, the fund is overhauling its manager selection processes, its CEO told AsianInvestor.
The $30 billion state pension aims to boost its internal expertise in investment and risk management – and outsource more – as it raises its foreign asset exposure.