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Our Approach
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We strive to deliver superior returns to meet our stakeholders’ needs and objectives by creating efficient portfolios through a well defined investment process. These portfolios are governed by clear investment mandate and parameters, as well as a definite risk management framework. Portfolios constructed are closely monitored in an ever changing economic and market trends to identify factors that could adversely impact the fundamentals of the stocks held.
When it comes to equity investing, we place a great emphasis on active management. With the belief that the market has never been strongly efficient, portfolio managers and analysts can work together to find long term investments that trade below their fair value. Over time, we believe returns generated by a portfolio of these identified undervalued assets will exceeds average market return.
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As a pension fund, we develop a tendency towards selecting fundamentally sound companies with secured long term business prospects, predictable earnings, strong management, good track record as well as good corporate governance. Often times, our inclination towards such criteria will bring about a selection of dividend yield counters.
Companies listed on Bursa Malaysia will typically undergo a rigorous and stringent filtering process by our team of experienced analysts. Selected companies will be maintained under our Stock Universe, which explicitly means, these are the permissible stocks that portfolio managers are allowed to invest in. Presently, KWAP Research maintains some 70 companies under their List of Stock Universe. The number is expected to expand as the size of the team increases and as the team starts covering regional companies.
Objectives of Equity Investments
The objectives of our investment in equities can be exemplified in by the following key points:
- To achieve an optimal point where risks are minimized relative to the market while returns are being maximized.
- To achieve steady and stable income through dividend paid by investee companies.
- To achieve capital growth from the increase in value of shares of companies that we invest in.
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