KAML eyes US, Australia for new ventures

KINA Assets Management Ltd (KAML) has identified investment opportunities in the US and Australian markets apart from those found in the country.
Its domestic investments included the acquiring of equities listed on Australian Securities Exchange (ASX) and Port Moresby Stock Exchange (POMSoX).
KAML chairman Sir Rabbie Namaliu revealed this while announcing the start of its long-term investment strategy where KAML also acquired new assets in a range of global funds.
He said KAML continued its declared strategy of assessing a broad range of investment opportunities locally and globally;
Sir Rabbie said in the past two months, they decided to move into global funds market with some strategic acquisitions.
“Some key opportunities have been identified within the US markets, and also in Australia and in the domestic scene … and we have acted on those recommendations,” he said.
Sir Rabbie said there were signs of the start of recovery in some key economic sectors and that it was opportune for KAML to move into the equities market.
KAML had started the acquisition programme following its successful launch last July, but ceased the programme in the third quarter, diverting a large percentage of its investment funds into the more secure money market sector with a range of fixed deposits.