KWAP positive on domestic market growth, aims to increase investments

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KUALA LUMPUR: Retirement Fund Inc (KWAP) is optimistic about domestic market growth this year and aims to increase investments in the public and priva...

Nik Amlizan and Hazman during a question-and-answer session at KWAP's 2023 financial results announcement today. – BernamapicRetirement Fund Inc is optimistic about domestic market growth this year and aims to increase investments in the public and private segments.

“We are also expecting the ringgit to strengthen this year, which will benefit our domestic investments,” Nik Amlizan told reporters at KWAP’s Financial Year 2023 results briefing today. The solid performance reflects KWAP’s effective investment strategies and asset allocation decisions. In FY23, KWAP’s asset allocation outlined a distribution encompassing 47.9% in public equity, 35.5% in fixed income, 5.3% in real estate, 4.8% in private equity, 2.1% in infrastructure, and the remaining 4.4% in money market.

“We are also structuring our investment effort and initiatives around the Madani framework, and this approach allows us to deliver positive returns for our beneficiaries while contributing to Malaysia’s sustainable development. Chief investment officer Hazman Hilmi Sallahuddin said KWAP aims to increase its foreign investment to 30% and double its private market exposure to slightly above 20%.

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