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KWAP delivers total fund investment return of 8.2% for fiscal year 2023 | Scoop
KWAP is a key investor in Malaysia with a total of 75.6% of its assets invested in the country, with only 24.4% divested in the international market. – File pic, July 31, 2024
News

KWAP delivers total fund investment return of 8.2% for fiscal year 2023

Fund’s net income increased to RM9.7 billion, a major difference from RM263 million in 2022

Scoop Reporters
Updated
1:22 PM MYT

 

KUALA LUMPUR – The Retirement Fund Inc (KWAP) has delivered a total fund investment return of 8.2% for the year ended December 31, 2023 (FY2023), after growing its fund by 7.4% to RM169.8 billion compared to 2022.

The fund’s performance also saw a net income increase to RM9.7 billion, a significant difference from RM263 million in 2022, according to a statement today.

KWAP said RM3 billion of its fund was used to partially finance the government’s pension liabilities. 

In line with Putrajaya’s Madani Economy agenda, KWAP has remained a key investor in Malaysia with a total of 75.6% of its investment assets invested in the country, while only 24.4% divested in the international market. 

From the total investment assets, public investment made up 87.7% or RM149 billion and the remaining 12.3% or RM20.8 billion in the private market.

For the fiscal year 2023, the Asset Allocation (AA) of KWAP outlines 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.

The contributions received in 2023 of RM2.7 billion were from three main sources – federal government contributions, government shares, and employer contributions. The latter included contributions from statutory bodies, local authorities, and secondment agencies.

Up until December 31, 2023, KWAP served 790,772 pension recipients in Malaysia with a breakdown of 73% of pensioners and 27% of derivative recipients. This represents a 2.8% increase, or 21,825 additional pension recipients, compared to 2022. – July 31, 2024

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