Malaysian pension fund to review investment strategy
Malaysia’s Kumpulan Wang Persaraan, which manages over $36 billion in assets of civil servants’ retirement benefits, may invest more in listed equities and alternative assets as it reviews current investment policy, its chief executive said Monday.
The state-run pension fund, also known as KWAP, favors dividend-yielding sectors such as banking and telecommunication, Wan Kamaruzaman Ahmad told reporters. KWAP is also looking to invest more in global technology sector and remains in talks with two insurers to acquire a stake, he said.
“In view of the global outlook of the market, we will be reviewing our strategic asset allocation soon,” Kamaruzaman said. “We will continue to seize new opportunities that could help us grow the fund without compromising on our risk appetite.
Read More: Asia Nikkei
