Our Story
Sarawak, located on the island of Borneo, is Malaysia’s largest state. Natural resource endowments have long shaped the history of Sarawak and the way in which it has built its economy.
Sarawak’s revenue is largely derived from commodity-based sources, which are finite in nature. To convert non-renewable assets into enduring financial assets, the Sarawak Sovereign Wealth Future Fund Board was established to safeguard and invest the State’s funds for the future generations of Sarawak.
On 22 November 2022, the Sarawak Sovereign Wealth Future Fund Board Ordinance 2022 was passed by the Dewan Undangan Negeri.
The Fund is managed by a Board of Guardians, comprising experts and professionals in the fields of finance, investments, legal, and governance.
Appropriations to the Fund in each financial year are procured from the State Consolidated Fund upon authorisation by way of resolution passed by the Dewan Undangan Negeri.
Investing With A Long Term Horizon
As a global long-term investor, the Fund’s priority is to achieve optimal risk-adjusted returns for the benefit of the future. The Fund will focus on capital preservation in the initial years, with a more growth-oriented target thereafter.
Therefore, the Fund’s returns will be continuously reinvested to ensure effective compounding over the Fund’s investment horizon.