Malaysia’s second-largest pension fund plans to buy more bonds with maturities of 10 years and above to hedge against another interest-rate cut as it moves further toward becoming a full-fledged Islamic entity.
Retirement Fund Inc (KWAP), which manages about RM120bil, is considering lowering its 5% minimum return target because of the uncertainty in global markets, said chief executive officer Wan Kamaruzaman Wan Ahmad.
The fund achieved a 6.15% gross increase on investment in 2014, he said, adding that it is seeking to expand its syariah-compliant component.
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Retirement Fund Inc (KWAP), which manages about RM120bil, is considering lowering its 5% minimum return target because of the uncertainty in global markets, said chief executive officer Wan Kamaruzaman Wan Ahmad.
The fund achieved a 6.15% gross increase on investment in 2014, he said, adding that it is seeking to expand its syariah-compliant component.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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