Malaysia's largest asset manager, Permodalan Nasional Bhd (PNB), plans to add infrastructure assets into its portfolio from next year to diversify its exposure and navigate the current high inflationary environment, its top executive said. PNB, which managed 336.7 billion ringgit ($72.46 billion) of assets in 2021, has the majority of its portfolio invested in public equities, both local and international, besides private investments and real estate, among others. "It's great as an asset class as it further diversifies our portfolio and improves the risk return characteristics of the portfolio," PNB's Group CEO Ahmad Zulqarnain Onn told Reuters in an interview during a visit to Singapore.
* Asia shares rebound from Thursday's sell-off * Some Asia c.banks can afford to normalise policy faster - strategist * South Korea's Dec factory output beats expectations By Harish Sridharan Jan 28 (Reuters) - South Korea led a rebound in Asia's emerging market shares on Friday, but Seoul stocks were still set to notch their biggest weekly decline since March, 2020 as investors brace for a year of aggressive rate hikes from the U.S. Federal Reserve. Shares in Seoul rose 1.9% to pare some of the heavy losses recorded over the last few days, but were still on course for a nearly 6% weekly drop. "After the aggressive sell-off in Asia yesterday, markets may attempt to recover some losses, coming off positive moves in U.S. futures," said Yeap Jun Rong, Market Strategist at IG, in a note.