Section 27

in deposit of money or gold in any bank or, central bank or other monetary authority;

in money market instruments, including treasury bills, bankers’ acceptances and certificates of deposit, with maturity periods not exceeding one year;

in securities issued or guaranteed by any sovereign government, agencies of such government, central bank or other monetary authority, or supranational or multilateral organisation, including securities where the sovereign government, agencies of such government, central bank or other monetary authority, or supranational or multilateral organisation is the obligor;

in securities issued by any company or corporation;

in shares in any public company which are listed on any stock exchange;

in real estate investment trusts;

in funds, including unit trusts and exchange traded funds;

in precious metals, including gold, silver, platinum and palladium;

in private equity, real estate and infrastructure, through funds managed by any fund management company;

Act 885

in derivatives; and

in any other investments with the approval of the Minister, denominated in any currency, whether in or outside Malaysia.

For the purposes of investments under this section, the

Board shall formulate a Strategic Asset Allocation specifying the long-term investment strategy, which includes the expected return, the asset classes permitted for investment and the risk tolerance of the asset classes.

The Board shall submit the Strategic Asset Allocation prepared under subsection (2) to the Minister for approval.

The Strategic Asset Allocation approved by the Minister shall serve as a guidance for the making of an investment under this section.

In this section, “securities” means—