Page 9 - KWAP_AR2022

ReAlising A FulFilling FutuRe Annual Report 2022 7

MESSAGE FROM THE

CHAIRMAN

TOTAL FUND SIZE TRANSFORMING FOR THE BETTER
RM158.10
billion Dear Valued Stakeholders,

Marking our constant desire to grow better every year,
Kumpulan Wang Persaraan (Diperbadankan) [KWAP]
GROSS INVESTMENT has made strides in service and value delivery in 2022,
INCOME anchored on the TERAS 5 operating model transformation
RM7.01 programme. I am pleased to present the Annual Report for

billion KWAP for the financial year ended 31 December 2022.

FINDING BALANCE AMIDST VOLATILITY
5.3%

ANNUALISED TIME-WEIGHTED The expected post-pandemic recovery in 2022 was overtaken by
RATE OF RETURN, OVER geopolitical uncertainties such as the Russia-Ukraine hostilities,
A 10-YEAR ROLLING PERIOD heightened inflation, supply chain disruptions and complications
surrounding the prolonged COVID-19 pandemic. Heightened global
market volatility and strong headwinds across multiple asset classes
led to global Gross Domestic Product (GDP) growth slowing to
3.4%, from 6.3% in 2021.
Domestic growth, in contrast, was pleasantly robust. Malaysia
recorded an annual GDP growth of 8.7% in 2022. Export trade
activity grew 25% year-on-year (YoY) to a record high of RM1.6
trillion in 2022. Additionally, increased foreign investor activity
and confidence saw Malaysia’s net foreign direct investment (FDI)
inflows surging to RM73.3 billion for 2022 compared to RM48.1
billion recorded in 2021. Supported by this recovery, Malaysia’s
RM3.6 trillion capital market remained resilient in 2022. In fact, total
funds raised of RM179.4 billion is the highest ever, led by a record
amount of corporate bond and sukuk issuances. Exchange-traded
derivatives also registered a record volume of 18.8 million lots
traded, though overall weaker valuations resulted in a dip of assets
under management (AUM) to RM906.5 billion.