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You
are here:
 Fixed Income > Malaysian Government Securities
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"KWAP achieved net ROI and TWRR of
5.75% and 5.30%
respectively in 2011"
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| Malaysian Government Securities (MGS)
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| Overview |
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The Malaysian Government Securities (MGS) portfolios are designed to
maximise yields while allowing for the opportunity of capital appreciation
via deployment of the appropriate duration, issues (i.e on the run or
off-the run papers), and yield curve. We are very active in the both
the local primary and secondary markets. The management of portfolio
positions is via duration management and the coupon return is via the
optimization of the portfolio yield |
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| Core Objective |
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Investment of KWAP funds in fixed income securities for purpose of investment
and short term positioning strategy.
Generation of both short and long term competitive returns from fixed
income securities in accordance to the Investment Policy and Guidelines
of KWAP. |
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| Types of Investment Instrument |
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| The various
types of Malaysian Government Investment Securities invested by KWAP
are as follows: |
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- Malaysian Government Securities (MGS) - interest bearing long-term
bonds issued by the Government of Malaysia (GOM) with an original
maturity of more than one year.
- Malaysian Treasury Bills (MTB) - short-term securities issued
by the Government of Malaysia with original maturity of less than
one year.
- Government Investment Issues (GII) and Malaysian Islamic Treasury
Bills (MITB) - long-term and short-term non-interest bearing securities
issued by the Government of Malaysia based on Islamic principles.
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| Portfolio Selection Process |
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