The fund was worth $6.3 billion as at 30 June, compared to $5.8 billion at the end of March, according to the Banking & 
Payments Authority of Timor-Leste.

Months ago, the government said it wanted to increase the 
return on the fund and began 
exploring ways to modify the investment strategy.

Finance Minister Emilia Pires said this meant “increased exposure to equities and further diversification”.