Section 9Sec./Art. 9

Functions of the Maharlika Investment Corporation.- In carrying out its objectives and functions, the MIC shall:

(a) Establish a diversified portfolio of investments in the local and global financial markets and in other assets that promote the objectives of the Fund:

(b) Manage and invest the initial and future contributions to the Fund in accordance with this Act;

(c) Accept and manage investment mandates whose investment purpose is to increase income for development goals:

(d) Develop and foster skills in finance, economics, risk mitigation, good governance, and other related areas, consistent with the capacity and capabilities build-up of human resources in the industry; and

(e) Implement international best practices in investing and managing assets in accordance with the Santiago Principles and other internationally-accepted standards and principles of transparency and accountability.