10 May 2012
Kumpulan Wang Persaraan (KWAP) fund size increases to RM 82.61 billion attributed to strong stock market performance
The Retirement Fund Inc's (KWAP) fund size increased by 12 per cent or RM8.85 billion to RM82.61 billion in the first quarter 2012 compared to RM73.76 billion in the same quarter of last year.
Its Chief Executive Officer, Datuk Azian Mohd Noh in announcing the first quarter 2012 unaudited financial results, said the company's gross investment income increased to RM1.20 billion in the first quarter, which is 6.8 per cent higher than the RM1.13 billion over the corresponding period of 2011.
She said the KWAP achieved a gross return on investment of 1.50 per cent, with net investment income totaling RM1.61 billion.
"The increase is mainly attributed to the strong stock market performance in the first three months of the year, as indicated by the FBM KLCI Index, which surpassed the 1,600-point level.
"In addition, the low interest rate environment also created opportunities for KWAP to intensify the trading activity of its fixed income portfolios, translating into higher capital gains," she in a statement here Thursday.