KUALA LUMPUR: The Armed Forces Fund Board (LTAT) plans to gradually expand its investment footprint overseas as part of efforts to enhance portfolio returns, with a small deployment expected as early as this year.

LTAT chief executive Mohammad Ashraf Md Radzi said the fund targets to allocate up to 20 per cent of its overall portfolio to overseas investments under its strategic asset allocation, although the initial step would involve a relatively small deployment. For a start, he said LTAT plans to work with external fund managers to manage its overseas investments to ensure a cautious and structured approach.