Malaysia’s Armed Forces Fund Board plans to double allocations to stocks and bonds within five years to boost recurring income and liquidity, Mohammad Ashraf Md Radzi, its chief executive officer, says in an interview withlocal financial daily The Edge Malaysia.
According to Mohammad Ashraf, the move is part of the fund’s five-year roadmap to rebalance its investment portfolio and improve long-term sustainability.
He says the fund, known by its Malay language acronym LTAT, allocated 10.2% to public equities and 11.8% to fixed income as of end-2025, and aims increase both the shares to 20% by the end of 2030.
“As a retirement fund, our bread and butter is public market products. We need to grow our listed equities and traded fixed income exposure to reach a level where we have adequate recurring income and liquidity,” he is quoted as saying in the interview published on March 13.
He also says LTAT aims to reduce its shareholding in “strategic assets” from 50% to about 35% within five years. The assets are mainly stakes in investment holding company Affin Bank Group and conglomerate Boustead Holdings.
Spokespersons for the fund did not immediately respond to questions from Asia Asset Management.
LTAT managed13.36 billion ringgit (US$3.4 billion) of assets at the end of 2025. Itearned 749.49 million ringgit of total investment income last year.
