KUALA LUMPUR (Nikkei Markets) - Malaysia's state-run investment agency Permodalan Nasional Bhd is seeking to invest in higher-yielding assets and expand into other markets as part of its diversification strategy as prospects of hefty returns from its holdings at home look blurry for 2019.
PNB, which manages assets worth more than $70 billion, is preparing a mid-term review next year of its 2017 - 2022 plan, the company said in a statement. The review will concentrate on strategic asset allocation, risk management and organization transformation, PNB said.
