Company type | State-owned |
---|---|
Industry | Fund management (sovereign wealth fund) |
Founded | July 18, 2023 |
Founder | 19th Congress under the administration of President Bongbong Marcos |
Headquarters | |
Key people | Ralph Recto (Chairperson[a]) Rafael Consing, Jr. (President and CEO) |
AUM | US$2.26 billion (2023) "Maharlika Philippines (MIF)". |
Website | maharlika |
The Maharlika Wealth Fund (MWF), also known as the Maharlika Investment Fund (MIF), is a sovereign wealth fund for the Philippines which is managed by the Maharlika Investment Corporation (MIC).[1] The MIF is the Philippines' first sovereign wealth fund. It will be allocated across a variety of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, commercial real estate, and infrastructure projects.The MIF is expected to generate returns that support the government's economic goals, as outlined in the Medium-Term Fiscal Framework, the eight-point Socioeconomic Agenda, and the Philippine Development Plan.
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