THE Pilgrims Fund Board or Lembaga Tabung Haji (TH) has disposed of equities worth RM2.6 billion over the last three months as it continues to trim its exposure to the volatile equity market.

The fund last year sold equities and assets for almost RM20 billion to a government-back special-purpose vehicle (SPV). The move was a kitchen sink exercise to balance its books. More than a hundred counters were sold to Urusharta Jamaah Sdn Bhd.