Page 62 - KWAP_AR2022

60 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER PERFoRMANcE

INVESTMENT REVIEW
ASSET CLASS REVIEw

DOMESTIC CORPORATE BONDS
Exposure in Domestic Corporate Bonds by Sector
KWAP’s portfolio holdings in domestic corporate bonds as at 31 December 2022
(at market value) for the year 2022 increased to 8.1% of
total investment assets from 7.1% reported as at end 17.1% 15.4%
of 2021 with 91.5% of exposure in shariah-compliant 3.0%
instruments. The sales volume and total maturities during
the year stood at RM0.94 billion against new purchases 16.1% 15.6%
of RM2.64 billion which came from both the primary and 2.4%
secondary markets. 0.2% 16.1%
10.1%
0.3%
In 2022, KWAP’s internal domestic corporate bond 3.7%
recorded a return in TWRR of 1.89% as compared to the
TRBPAM Corporates All Bond Index benchmark which • Banks • Real Estate
•
•
showed returns of 1.64% for the same period, resulting in • Diversified Financials Technology Hardware
Energy
and Equipment
a 25 basis points outperformance. • Financial Services • Telecommunications
• Food, Beverage and • Transportation
Exposure in Domestic Corporate Bonds by Type as Tobacco • Utilities
at 31 December 2022 • Healthcare
8.5% Exposure in Domestic Corporate Bonds by Rating
91.5%
as at 31 December 2022

9.4%
0.8%
1.1%
7.0%
• Shariah-Compliant • Conventional
6.3%
65.1%
Our commitment is demonstrated by our holdings 10.3%
in AAA-rated corporate bonds which amount to
approximately two-thirds of our portfolio.
• AAA • A1
• AA1 • A2
• AA2 • NR
• AA3