KUALA LUMPUR, April 23 — Kumpulan Wang Persaraan (Diperbadankan) (KWAP) recorded RM9.03 billion of gross income in 2017, a 42 per cent increase from RM6.36 billion in 2016.
KWAP chief executive officer Datuk Wan Kamaruzaman Wan Ahmad said, the gross income last year was the highest since its inception in 2007.
“The total fund size in 2017 increased to RM140.8 billion from RM125 billion, with the overall gross return on investment increased to 5.77 per cent in 2017 from 5.35 per cent in previous year,” he said at the press conference after presenting KWAP financial performance in 2017 here.
In the last 10 years, the fund recorded an average growth of 12.98 per cent per annum, with investment income continues to be the largest contributor to asset growth
Its total collection rose 4.96 per cent to RM3.51 billion, comprising RM3.01 billion of pension contribution and RM500 million of federal government's contribution.
Cumulatively, the investment income remained the highest contributor to the fund in 2017 at 69 per cent, followed by employers' contribution at 27 per cent, and the portion from the federal government at the remaining 4 per cent.
Moving forward, Kamaruzaman said KWAP is reviewing the strategic asset allocation, with more exposure in the equity and alternative segments and less exposure in the fixed income space.
