Deputy Finance Minister II Steven Sim Chee Keong said that from 2019 to August 31, 2023, more than 60% of the funds owned by Government-Linked Investment Companies (GLIC) were invested in the domestic market.
He pointed out that based on strategic asset allocation, an average of 15.8% to 62.7% of the investment funds of GLICs are invested in domestic listed stocks on Bursa Malaysia.
“As of August 31 this year, the GLIC’s total investment funds include the Employees Provident Fund (KWSP), Permodalan Nasional Bhd (PNB), Public Service Pension Fund (KWAP), Tabung Haji (LTH) and the Armed Forces Fund Board (LTAT).”
Sim said this when answering a question from Jimmy Puah Wee Tse during the question and answer session in the Dewan Rakyat today (Nov 20).
Sim added as of August 31 this year, the Employees Provident Fund investment amounted to RM1.096 billion, and the average investment in the domestic market was 64.9%, of which 24.4% was invested in domestic listed stocks.
“The investment amount of National Investment Corporation is RM332 billion, and the average investment in the domestic market is 84.3%, of which 74.4% is invested in domestic listed stocks; the total investment of Public Service Retirement Fund is RM167 billion, and the average investment amount is 79.3%, of which 45.2% is invested in domestic listed stocks.”
Sim said that the total investment of Tabung Haji is RM91 billion, with an average investment of 90.1% in the domestic market and 18.3% invested in domestic listed stocks.
He added the total investment of the Armed Forces Fund Board (LTAT) is RM10.5 billion, and all funds are invested in the domestic market, of which 52% are invested in domestic listed stocks.
