Malaysia’s Sarawak state sovereign wealth fund began investing in 2025 and ended the year holding more than US$1.2 billion in bonds.
The Sarawak Sovereign Wealth Future Fund Board was set up in 2024, seeded with 8 billion ringgit, and has only invested in bonds thus far.
The investment comprises $850 million in global bonds and 1.6 billion ringgit (US$401 million) in domestic debt, according to Sulong Matjeraie, chairman of the wealth fund.
“This initial investment embodies our guiding principles of capital preservation, while gradually building a diversified portfolio over time,” he says in areport on April 8 posted on the website of the Sarawak Public Communications Unit.
He says the wealth fund will be looking to invest in global public equities this year.
Spokespersons for the wealth fund did not immediately respond to questions from Asia Asset Management.
