Khazanah Nasional recorded a 5.2% return in 2025 and paid out RM2 billion to the government, despite global volatility. Ng Tzu Hann, CEO of Tradeview Capital, discusses how the fund balances long-term wealth creation with supporting strategic national priorities, the risks of domestic focus versus global diversification, and what Malaysians should expect from Khazanah’s investment strategy going forward.

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