Top Sovereign Wealth Fund Pours More Money into Malaysian Stocks
As the world's biggest sovereign wealth fund, the Government Pension Fund Global (GPFG) of Norway recently disclosed its investment report for the first half of 2024. The fund registered a return of 8.6 percent, trailing the return on the benchmark index by a mere 0.04 percentage points, while its equity investments, which constitute roughly 72% of its portfolio, yielded a robust 12.5% return.
GPFG Increases Holdings in Malaysian Equity Market
GPFG's increased holdings in the Malaysian market, despite its minor 0.1% stake of their $1.67 trillion global portfolio, indicate a renewed optimism for the region's potential after a decline in 2023. The half-year report from GPFG indicates that by the end of June, it held 214 Malaysian stocks, valued at $2.32 billion(RM10.26 billion). This marks a 13.17% increase in value, or an additional $0.27 billion, compared to the 180 companies it had at the end of December the previous year. Additionally, GPFG possesses Malaysian government bonds worth $178 million, but it has not ventured into any Malaysian real estate or renewable energy infrastructure investments.
Snapshot of GPFG's Malaysian Stock Holdings
The top three Malaysian stock positions for GPFG are in leading banks: $CIMB (1023.BMS)$, $MAYBANK (1155.BMS)$, and $PBBANK (1295.BMS)$.
With the acceleration of AI infrastructure investments, beneficiaries in the tech sector have emerged within GPFG's top ten holdings. These include semiconductor industry players $MPI (3867.BMS)$, $INARI (0166.BMS)$, and $UNISEM (5005.BMS)$, with GPFG's stakes in MPI and Unisem constituting 4.82% and 4.78% of the companies' total shares, respectively. Telecommunications company $TM (4863.BMS)$holds the fourth spot in GPFG's Malaysian portfolio, while infrastructure and property company $GAMUDA (5398.BMS)$ comes in ninth.
Other top ten holdings include basic materials company $PMETAL (8869.BMS)$ and energy firm $DIALOG (7277.BMS)$.
Here is a snapshot of GPFG's top 10 Malaysian stock positions:
What stocks has GPFG traded this year in Malaysia?
During the first half of the year, GPFG's new equity investments in Malaysia encompassed the oil-and-gas services firm $KEYFIELD (5321.BMS)$, $JCY (5161.BMS)$nvolved in manufacturing components for computer storage, property developer $MAHSING (8583.BMS)$, and telecom services provider $OCK (0172.BMS)$.
On the flip side, GPFG divested from electronic services company $KOBAY (6971.BMS)$, speaker manufacturer $FPI (9172.BMS)$, and hypermarket chain $AEON (6599.BMS)$, among others.
Source: GPFG, The Edge
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102791292 : ok. can consider such news
152304691 : GPFG owns Rm 102 billion worth in KLSE stocks? That’s 5%! Can this be a typo
Mohd Afdhol 152304691 : that is what we call FDI
Moomoo News MY OP 152304691 : Thank you for your careful reading and valuable suggestions. We apologize for any confusion caused by the typo in our article. We have now made the necessary corrections. Your future insights and comments are always welcome!
PokaiTrader Moomoo News MY OP : $2.32 billion(RM10.26 billion) still a significant holding.
山芭佬 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Zooreal : 0.1% = 2.32 billion insane numbers hahah