Malaysian pension fund KWAP likely to miss 6% ROI target for 2015 due to market volatility

Malaysian pension fund KWAP likely to miss 6% ROI target for 2015 due to market volatility

KWAP was established to manage fund contributions from the Federal Government, statutory bodies, local authorities and other agencies

Malaysian civil service pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP), or Retirement Fund Board, is believed to have achieved a lower gross return on investment (ROI) of 5.5 per cent to 5.7 per cent last year, CEO Wan Kamaruzaman Wan Ahmad told a local weekly.

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