KWAP posts record net income in 2024

Quick Summary:

The Retirement Fund Inc, or KWAP, which saw its fund size grow 9% or RM15.8bil to RM185.6bil in 2024, remains focused on navigating an increasingly complex global environment through a data-driven approach, robust risk management and a diversified portfolio.

Yesterday, KWAP reported its highest-ever investment income of RM18bil in 2024, delivering a total return of 12% – its best performance since inception.

The fund maintained an 99.8% service level agreement performance score, well above the 95% threshold.“KWAP also enhanced its outreach to pensioners through initiatives such as Jelajah MyPesara, which engaged over 8,000 participants in 40 locations, and the Karnival MyPesara, which attracted more than 20,000 attendees in Johor Baru,” it said.

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Article Details

Author / Journalist: KIRENNESH NAIR

Category: EconomyBusiness

Markets: Malaysia

Topics: PensionFund Corporate News EquityReturns KWAP PrivateMarkets /Business/Business News InvestmentGrowth RetirementSecurity SustainableFinance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 00:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 752 words

Reading Time: 5 minutes read

Sentences: 19 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26129891

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