Barefoot Investor: KWAP net investment income dn 14.9% to RM4.85b in FY1

Kumpulan Wang Persaraan’s (Diperbadankan) (KWAP)'s net investment income for FY Dec 31, 2010 declined 14.9% to RM4.85 billion from RM5.7 billion a year  ago due to lower writeback of allowances for dimunition in value.

It said on Thursday, July 21 its gross investment income increased sharply by 42.6%  to RM4.62 billion from RM3.24 billion, while total fund size grew 14.67% to RM70.52 billion from RM61.5 billion.

KWAP achieved gross return of investment (ROI) of 7.07% compared to 5.62% a year earlier. It recorded a total weighted rate of return of 8.88% compared to 11.64%.
Equity investment contributed RM2.43 billion or 53% to the total investment income.

Fixed income assets contributed RM2.13 billion, while the remaining is reaped from alternative investments.
KWAP said the healthy boost in asset was due to vigorous domestic economy recovery and consistent contribution from the Federal Government, statutory bodies, local authorities and agencies. (


Post a Comment

Related Posts Plugin for WordPress, Blogger...