LTAT to restructure investment portfolio

KUALA LUMPUR (Oct 1): Lembaga Tabung Angkatan Tentera (LTAT) plans to restructure its investment portfolio to enhance the value of the asset under its care, said chief executive Nik Amlizan Mohamed.

However, she did not reveal in specific which assets are under consideration.

"We will review our impairment and as of now, we have appointed a chief investment officer to oversee our future investments. The position was newly created, compared to none previously," she said in a media conference today.

LTAT she said, would also be coming out with a risk appetite statement which will be the base for its strategic asset allocation.

When asked about its holdings in Boustead Holdings Bhd, she said that LTAT might consider slashing its shareholdings, but not right now.

"Boustead has great potential but our holdings in the company is too much which is not the best practice," she said.

LTAT is the majority shareholder in Boustead with about 69.6% stake.

To date, LTAT investment portfolio comprised of 10% in property development, property investment (5%), unlisted equity (17%), listed companies (60%) and a group of companies (8%).

As of Dec 31, 2018, LTAT has total assets under management amounting to RM9.4 billion.

In diversifying its investments which is 100% domestic, Nik Amlizan said LTAT is open to enter the foreign investment landscape.

"We need a framework and the right people first. Maybe next year, we would consider. As of now, we plan to increase our investment into Malaysian Government Securities (MGS)," she said.

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