s 13 Investment powers of the Board
(1) The assets of the Fund may be invested by the Board in— (a) investments for the time being authorized by law for the investment of trust funds; or (b) subject to subsection (2), other forms of investment. (2) Investments under paragraph (1)(b) shall be limited to a maximum of 10 per centum of the assets of the Fund and shall, if invested in shares— (a) be made in the shares of companies which have for three successive years immediately preceding such investment paid dividends on their ordinary shares; or (b) be made in the initial public offer shares of companies newly listed on the Stock Exchange which are allocated for and offered to the Fund by the Ministry of Finance or the Ministry of International Trade and Industry. (3) Notwithstanding subsection (1) the Board shall not make any investment in securities issued or registered, or other properties situated, outside Malaysia except with the approval in writing of the Minister of Finance.