Photographer: Charles Pertwee/Bloomberg

Malaysia’s $30 Billion Fund Goes Long as Islamic Plan Progresses

  • Fund considering cutting annual return target, CEO says
  • Seeks to increase Shariah-compliant component from current 55%

Malaysia’s second-largest pension fund plans to buy more bonds with maturities of 10 years and above to hedge against another interest-rate cut as it moves further toward becoming a full-fledged Islamic entity.

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