The former Umno Youth chief says uncertain investor sentiment has taken a toll on the sovereign wealth fund. Khairykj
Former Umno Youth chief Khairy Jamaluddin says the economic situation now is worse than before the last general election.
This, coupled with the “flip-flop and U-turn” decisions of the PH administration, had led to uncertainty in investor sentiment, which affected the sovereign wealth fund, he said.He said that last year, Khazanah-linked companies saw a significant downturn which gave it negative returns. “In other words, almost all of Khazanah’s key portfolio of investments did not give any positive returns,” he said.
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