Investment Approach

In line with our purpose to invest to deliver sustainable value for Malaysians, we strive to generate sustainable financial returns through our investment programmes, while capitalising on monetisation opportunities where they arise.We also support investments in new growth areas to catalyse sectors and play a part in driving the nation’s competitiveness. As such, our investments range from global public and private equities to locally founded start-ups. ​ Our Investments Portfolio comprise investments with commercial returns expectations, wherein our Strategic Asset Allocation (SAA) guides us in pursuing allocations that reduce concentration risk and insulate our portfolio against short-term market shocks. In building portfolio resilience, we are cognisant of the dynamic macroeconomic landscape and the confluence of global megatrends, which have resulted in an increasingly volatile investment environment. However, as a multi-generational fund we remain disciplined in deploying our capital commercially with the aim of growing our portfolio for the long-term.​
We pursue our overall mandate through the following investment approaches:
Global Investor
Global Investor

To grow our portfolio while finding opportunities to facilitate flows of knowledge, networks and investment opportunities into Malaysia. Our international investments span a wide range of asset classes and markets. We strategically align these investments with global megatrends and emerging technologies, serving the twin goals of growing our portfolio value and facilitating flows of knowledge, networks and investment opportunities to Malaysia​

Active Corporate Player
Active Corporate Player

We participate in Malaysia’s capital markets as an active shareholder, encouraging our investee companies to create value by crowding-in new private investments and driving regulatory improvements, all while promoting the adoption of cutting-edge technologies, nurturing innovation and encouraging more sustainable practices. These actions are carried out with the overarching aim of spurring Malaysia’s capital market and contributing to the nation’s development.​

Dana Impak
Dana Impak

To invest in catalytic sectors that strengthen the country’s resilience and opens new growth opportunities. Dana Impak are guided by six themes
1) Digital Society and Technology Hub,
2) Food and Energy Security,
3) Decent Work and Social Mobility,
4) Quality Health and Education for all,
5) Building Climate Resilience and
6) Competing in Global Markets​.

Beyond returns, we commit to maintaining responsible investment practices across our portfolio, with our approach aligned with the United Nations Principles for Responsible Investment (UNPRI) and the Malaysian Code for Institutional Investors (MCII).

In parallel, sustainability is a key driver and determinant of our investments, and our Shareholder Expectations and Investment Stewardship document outlines clear expectations on ESG adoption at our investee companies.

Investment
Policy

In line with Khazanah's mandate to deliver sustainable value for Malaysians, the Investment Policy Statement outlines our investment mandate, objectives and principles.

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Sustainable Investment
Policy

Sustainable Investment Policy outlines Khazanah's principles and commitments in relation to responsible investment, taking into account environmental, social and governance (ESG) factors to aid management of risk and generate long-term, sustainable returns.

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Shareholder Expectations and Investment Stewardship

The Shareholder Expectations and Investment Stewardship document outlines Khazanah’s expectations towards our investee companies and our investment stewardship principles. It also includes our newly revised Voting Guidelines that govern Khazanah’s voting at general meetings of listed companies.

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Living Wage
Stance

Khazanah Nasional Berhad (Khazanah) is committed in supporting the aspirations of Ekonomi MADANI, particularly in raising both the floor and the ceiling for Malaysians. As part of this commitment, Khazanah is ready to embed living wage practices within its own operations, with 10 of its core holdings also prepared to implement living wage standards.

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Code of Business Ethics

As a commitment to integrity, we expect our Business Associates to adhere to the guidelines set out in the Code of Business Ethics (Code). This Code provides guidance to both Khazanah officers and Business Associates on what Khazanah believes to be sustainable business relationships based on the key principles of integrity, honesty, accountability and compliance with applicable laws and regulations.

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The Code of Conduct

Khazanah is fully committed to be the standard bearer of good corporate behaviour, and it is every employee’s duty to ensure adherence to the highest ethical standards. As such, the staff Code of Conduct provides guidance on the standards of behaviour expected of all Khazanah’s employees in our business activities.

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