KWAP

Malaysia US$ 31.6 Billion Origin: Contributions

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2007
View SWFI Direct Transaction Data
SWFI ID: 245B1000000002
Entity Structure: Retirement System

Fund Details

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Strategy & Objectives

Asset Allocation

Fixed Income Managers

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Benchmarks and Returns

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Board and Advisors

Key Executives and People

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Main Office

Level 4, 5, 6 & 8,
Menara Yayasan Tun Razak,
200, Jalan Bukit Bintang,
55100 Kuala Lumpur
Malaysia
Tel: +603 2174 8000

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Governance

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Kumpulan Wang Persaraan

KWAP Summary

Kumpulan Wang Persaraan (Diperbadankan), also known as KWAP, was created on March 1, 2007 under the Retirement Fund Act 2007 (Act 662) replacing the repealed Pensions Trust Fund Act 1991 (Act 454). The Pensions Trust Fund Act 1991 (Act 454) was enacted to assist the Federal Government in funding its pension liability. With the enactment of this Act, the Pensions Trust Fund was established on June 1, 1991 with an initial grant of RM 500 million from the Federal Government. The Pensions Trust Fund was administered by the Pensions Trust Fund Council with the Accountant General of Malaysia being responsible for the day to day administration and management of the affairs of the Pensions Trust Fund. With the incorporation of KWAP, all powers, functions, activities, assets and liabilities of the Pensions Trust Fund were taken over in totality by KWAP.

The government of Malaysia contributes 5% of the total annual budget emolument of the Federal Government employees. Statutory bodies, local authorities and agencies in Malaysia contribute 17.5% of the basic salaries of their pensionable employees respectively to KWAP on a monthly basis.

The objective of KWAP is to manage the fund established under Section 13 of Retirement Fund Act 2007 (Act 662) towards achieving optimum returns on its investments.


Historical Realizable Asset Value

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Malaysia – Total Population

Source: Government of Malaysia, Annual Series