INDIA EMERGES AS STANDOUT PERFORMER IN KHAZANAH'S PORTFOLIO

KUALA LUMPUR, Feb 10 (Bernama) -- India has emerged as a standout performer in Khazanah Nasional Bhd’s portfolio over the past decade, delivering around double the productivity returns and underpinning the sovereign wealth fund’s decision to remain overweight in the country, while China remains a key market.

Khazanah chief investment officer Datuk Hisham Hamdan said India and China remain very important markets for the group, alongside ASEAN.

“I think India has been a country where we have really outperformed. We are always overweight in India and, for that matter, China as well. We do not want to miss the right tail of China’s future,” he said during the Khazanah Annual Review 2026 media briefing here today.

Hisham noted that China has made significant strides in new technology sectors and has performed well over the past two years, adding that the strong pipeline of Hong Kong initial public offerings (IPOs) last year is expected to continue in 2026.

“And one area that we want to pay more attention to this year is China,” he added.

Bernama previously reported that Indian Prime Minister Narendra Modi held a series of high-level meetings with prominent Malaysian corporate leaders during his recent visit to Malaysia, including a meeting with Khazanah managing director Datuk Amirul Feisal Wan Zahir, who highlighted India’s economic transformation and potential as a high-growth investment destination.

According to India’s Ministry of External Affairs (MEA), the meetings reflected strong investor confidence in India and a shared commitment to scaling up economic and technology partnerships between the two countries.

Commenting on the meeting, Amirul Feisal said Khazanah’s global investment strategy focuses on diversifying risk across asset classes while capturing long-term growth opportunities, noting that India has performed well for the fund.

“We have been invested there since 2008, and over the years, it has grown significantly. It remains an integral part of our global investment strategy,” he added.

Modi’s two-day official visit to Malaysia on Feb 7 and 8 was at the invitation of Prime Minister Datuk Seri Anwar Ibrahim, reciprocating Anwar’s visit to India in August 2024.

-- BERNAMA