Malaysia's Khazanah fund expects 2024 returns to top last year's 5.7%

Chief investment officer credits strong domestic, U.S. and EU markets

20240910 Datuk Hisham Hamdan

Hisham Hamdan is chief investment officer for Malaysian sovereign wealth fund Khazanah Nasional. (Khazanah Research Institute)

AMY CHEW, Contributing writer

KUALA LUMPUR -- Malaysian sovereign wealth fund Khazanah Nasional expects its investment portfolio in 2024 to surpass last year's time-weighted rate of return of 5.7% on strong performances from assets in Malaysia, the U.S. and the European Union.

"We are looking good in terms of the numbers," chief investment officer Hisham Hamdan told Nikkei Asia. "We are now in September. We have another three to four months to go. We are going to do better than 5.7%."

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