Aligning Strategy to Drive Performance
KWAP Investment Policy Statement
The KWAP Investment Policy Statement outlines the overarching investment mandate, philosophy and objective of KWAP. KWAP is mandated to manage the Retirement Fund towards achieving optimum sustainable returns through sound risk management and investment strategies. KWAP has the fiduciary duty to protect the Retirement Fund that it manages and in assisting the Federal Government to fund its pension liability.
Equity
Equity, as an asset class, plays a significant role in KWAP’s portfolio, generating a considerable portion of KWAP’s total investment income. KWAP’s investment in equities is divided into two broad categories, namely Domestic Equity and International Equity.
Fixed Income
KWAP’s Fixed Income consists of several units that specialise in various sub-asset classes such as government bonds, corporate bonds, foreign exchange and money market instruments.
Private Equity
We have invested in 54 private equity funds and 5 private equity direct companies globally across various strategies namely Buyout, Growth, Infrastructure, Secondaries and Venture Capital.
Property Investment
We have invested in office buildings, shopping malls, logistics facilities and purpose-built student accommodations. We are building a portfolio that generates stable returns from rental income and appreciation of capital values.
Our Performance
As per 2022 Annual Report
Benefiting the Fund and our stakeholders
Investing for the long-term
UNLOCKING THE VALUE OF ALTERNATIVE INVESTMENTS
At KWAP, we are always looking beyond the obvious as we seek to derive value from changing megatrends and shifts in consumption. In recent years, we have seen technology and digitalisation playing an immense role in meeting the changing preferences of consumers and this is where we believe many future investment opportunities will be.
DIVERSIFICATION - THE KEY TO SUSTAINABLE LONG-TERM INVESTMENTS
Diversification of our investments is an important strategy for KWAP to sustainably maximise our total returns. To improve our risk-adjusted returns, we make it a point to diversify our investment portfolio via allocations to a spectrum of asset classes. Within these asset classes, we further diversify our investments to different geographical locations across the globe.
Geographical Investment Exposure
China
Equity
Fixed Income
Private Equity
Japan
Equity
Private Equity
South Korea
Equity
Fixed Income
Private Equity
Taiwan
Equity
Private Equity
Hong Kong
Equity
Fixed Income
Private Equity
Philippines
Equity
Private Equity
Malaysia
Equity
Fixed Income
Private Equity
Property
Singapore
Equity
Fixed Income
Private Equity
Thailand
Equity
Fixed Income
Private Equity
Australia
Equity
Fixed Income
Private Equity
Property
New Zealand
Equity
Indonesia
Equity
Fixed Income
Private Equity
Vietnam
Private Equity
India
Equity
Private Equity
UAE
Equity
Private Equity
GCC/Kuwait
Fixed Income
Turkey
Private Equity
Italy
Equity
Private Equity
Slovenia
Private Equity
Austria
Private Ekuity
Germany
Private Equity
Property
Switzerland
Equity
Private Equity
Luxembourg
Private Equity
Netherlands
Equity
Private Equity
Denmark
Equity
Private Equity
Norway
Private Equity
Sweden
Equity
Private Equity
Poland
Private Equity
Finland
Private Equity
France
Private Equity
Spain
Equity
Private Equity
Morocco
Private Equity
United Kingdom
Equity
Private Equity
Property
Ireland
Equity
Private Equity
South Africa
Equity
Brazil
Private Equity
Peru
Private Equity
Colombia
Private Equity
USA
Equity
Private Equity
Cayman Islands
Private Equity
Canada
Equity
Private Equity
Investment Presence
43
Countries
across all 7 continents
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