Sarawak Sovereign Wealth Future Fund

The Sarawak Sovereign Wealth Future Fund (SSWFF) was established through the Sarawak Sovereign Wealth Future Fund Board Ordinance, 2022 as an initiative by the Government of Sarawak. Operations of the Fund commenced in 2024 with the objective of transforming the State’s non-renewable assets into enduring financial assets, reflecting Sarawak’s long-term vision to safeguard and grow the State’s wealth for the benefit of future generations, and to ensure lasting financial security for the State.

The Fund’s primary objective is to achieve long-term, risk-balanced real growth in its invested assets. In its formative years, SSWFF prioritises capital preservation through diversification and prudent portfolio construction, with a gradual shift towards growth-oriented investments to meet its long-term return targets as the Fund matures.

SSWFF’s investment mandate is guided by four key objectives:

• Deliver long-term, risk-balanced real growth in invested assets;
• Ensure capital preservation in the short term, with a more growth-oriented target thereafter;
• Seek to naturally hedge the invested assets against key financial risks faced by Sarawak and Malaysia; and
• Ensure an appropriate balance of risk and exposure across sectors, asset classes, and geographies.

Anchored by a long-term investment horizon, the Fund adopts a disciplined approach that emphasises stability and sustainable financial returns over short-term gains. Withdrawals from the Fund will only be considered under exceptional circumstances, with all investment returns reinvested to enable effective compounding across the Fund’s investment horizon. This long-term commitment underpins SSWFF’s role as a prudent and forward-looking institution dedicated to securing the financial well-being of Sarawak and its people.