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You
are here:
 English > Investments
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"KWAP achieved net ROI and TWRR of
5.75% and 5.30%
respectively in 2011"
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About Investment
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| Investment Objectives |
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| KWAP seeks
to maximize its long-term risk adjusted total returns to enhance the
real value of the Fund. KWAP targets to achieve a nominal risk adjusted
return of 8% per annum over a five (5) year rolling period. The five
(5) year period commences once the Strategic Asset Allocation (SAA)
is fully met. |
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| Investment Philosophy
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| KWAP will
pursue both active and passive investment strategies in investing of
the Fund. Generally, KWAP invests its Fund directly in its approved
asset classes. In addition, KWAP outsources a portion of its Fund to
be managed by external investment managers for the purpose of diversification
and peer comparison. KWAP will always and whenever possible, refrain
from investing in companies principally engaged in alcohol, tobacco,
gaming and manufacturing equipments primarily designed or designated
for military purposes. |
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| Investment Policy & Guidelines
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| In general
our Investment Policy & Guidelines (IPG) is a piece of document which
provides detailed guidance and key policies with respect to the investment
decision making process. Among the key aspects contained in the IPG
are our permissible asset classes, the SAA, performance benchmarks and
tactical limits. The following describes the main objectives of the
IPG. Due to the sensitive contents of the IPG, we are only allowed to
display a select portion of the document. |
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| Strategic Asset Allocation
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| KWAP has
adopted Strategic Asset Allocation (SAA) as a key element in the investment
decision making process. The importance of having an appropriate SAA
is crucial in terms of deploying capital and fund to asset classes which
best demonstrates the most optimal risk return trade off. It is a well
known and empirically proven fact that asset allocation is the prime
driver of investment performance compared to market timing and security
selection. |
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| Ethical Considerations
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| KWAP believes
in the need to continuously engage, whenever possible, in activities
and investments which adhere to ethical principles. These considerations
are balanced with KWAP’s primary investment objectives and goals.
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