{"id":3314,"date":"2021-12-16T11:08:15","date_gmt":"2021-12-16T11:08:15","guid":{"rendered":"https:\/\/www.kwap.okie.my\/?post_type=investment&#038;p=3314"},"modified":"2022-02-15T17:27:33","modified_gmt":"2022-02-15T09:27:33","slug":"fixed-income","status":"publish","type":"investment","link":"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/","title":{"rendered":"Fixed Income"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3314\" class=\"elementor elementor-3314\" data-elementor-post-type=\"investment\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-665e571 elementor-section-full_width elementor-section-items-stretch elementor-section-content-middle elementor-section-height-min-height no-dark inner-banner elementor-section-height-default\" data-id=\"665e571\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5046d4c\" data-id=\"5046d4c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-075d426 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default\" data-id=\"075d426\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6307f66\" data-id=\"6307f66\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0e3966d elementor-widget__width-initial elementor-absolute diamond elementor-widget-mobile__width-initial elementor-invisible elementor-widget elementor-widget-spacer\" data-id=\"0e3966d\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;,&quot;_animation&quot;:&quot;zoomIn&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c76f295 elementor-widget__width-initial animated-slow elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"c76f295\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_animation_delay&quot;:500}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fixed Income<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4ba1e70\" data-id=\"4ba1e70\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-c71fbe9 elementor-absolute elementor-invisible elementor-widget elementor-widget-image\" data-id=\"c71fbe9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeIn&quot;,&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"223\" src=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-1024x286.jpg\" class=\"attachment-large size-large wp-image-11278\" alt=\"\" srcset=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-1024x286.jpg 1024w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-300x84.jpg 300w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-768x215.jpg 768w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-1536x429.jpg 1536w, https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1.jpg 1663w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7cc9290 breadcrumbs elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"7cc9290\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInDown&quot;,&quot;animation_delay&quot;:600}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bed42a4\" data-id=\"bed42a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63b8e14 elementor-widget elementor-widget-global elementor-global-7590 elementor-widget-pp-breadcrumbs\" data-id=\"63b8e14\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;,&quot;_animation_delay&quot;:1000,&quot;breadcrumbs_type&quot;:&quot;yoast&quot;}\" data-widget_type=\"pp-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"pp-breadcrumbs pp-breadcrumbs-yoast\">\n\t\t\t\t\t<p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/www.kwap.gov.my\/stg\/en\/\">Home<\/a><\/span><\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1eb4885 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1eb4885\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-340d848\" data-id=\"340d848\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b0f196 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"9b0f196\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:700}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fixed Income<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cc1d70 kwap-text elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"2cc1d70\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:800}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>KWAP\u2019s \u200bFixed Income consists of several units that specialise in various sub-asset classes such as Government Bonds, Corporate Bonds, Money Market and FX Instruments. The overall Fixed Income portfolio comprises approximately 50 percent of KWAP\u2019s overall fund size. KWAP is an active player in both the domestic primary and secondary capital markets.<\/p><p>\u00a0<\/p><p>The Fixed Income Department\u2019s (FID) main target is to build a diversified portfolio from a global set of opportunities via:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-543c7f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"543c7f4\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-404f6e9\" data-id=\"404f6e9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-675a3ce pp-info-list-icon-vertical-top pp-info-list-icon-left elementor-invisible elementor-widget elementor-widget-pp-info-list\" data-id=\"675a3ce\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"pp-info-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"pp-info-list-container pp-list-container pp-info-list-connector\">\n\t\t\t<ul class=\"pp-list-items\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tConstruction of portfolios that are in line with KWAP's Investment Policy and Guidelines;\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tIdentification of macro investment themes that drive the fixed income markets, with emphasis on the duration, yield curve and individual sector;\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2732be0\" data-id=\"2732be0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2d91b0 pp-info-list-icon-vertical-top pp-info-list-icon-left elementor-invisible elementor-widget elementor-widget-pp-info-list\" data-id=\"c2d91b0\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"pp-info-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"pp-info-list-container pp-list-container pp-info-list-connector\">\n\t\t\t<ul class=\"pp-list-items\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDevelopment of an in-house credit scoring and assessment system;\u200b\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRisk allocation via quantitative analysis to maximise investment efficiency.\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-35d4e83 kwap-text elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"35d4e83\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In recent years, the FID has launched several initiatives that enable a more proactive approach in the management of our fixed income investments, which include improving portfolio risk management and enhancing returns via fee-based income.\u200b<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c6a482a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c6a482a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-95b894c\" data-id=\"95b894c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-98dfb91 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"98dfb91\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Objective<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9cc0188 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"9cc0188\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-12bb724\" data-id=\"12bb724\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e35cbd elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"5e35cbd\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:100}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">The main objective of the FID's fund management revolves around finding the best value fixed income investments that minimise risks and maximise returns on our investment portfolios under various market environments.<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-050ebeb\" data-id=\"050ebeb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e20595 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"2e20595\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;,&quot;_animation_delay&quot;:100}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">The strategic objective is to outperform the benchmark by judicious selection and trading of fixed income instruments in order to achieve a high total rate of return on investments, while at the same time maintaining a prudent risk management process in accordance with KWAP\u2019s Investment Policy and Guidelines.\u200b\n<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-91816e7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"91816e7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-afd3d2a\" data-id=\"afd3d2a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1cc01c4 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"1cc01c4\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fixed Income Portfolio<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73b3fc5 kwap-text elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"73b3fc5\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Fixed Income Portfolio consists of four main sub-asset classes:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76d572e elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"76d572e\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c094688\" data-id=\"c094688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-47bce4f pp-info-list-icon-vertical-top pp-info-list-icon-left elementor-invisible elementor-widget elementor-widget-pp-info-list\" data-id=\"47bce4f\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"pp-info-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"pp-info-list-container pp-list-container pp-info-list-connector\">\n\t\t\t<ul class=\"pp-list-items\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tSovereign Bonds (Domestic &amp; International)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tCorporate Bonds (Domestic &amp; International)\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6d711d7\" data-id=\"6d711d7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d7c1cb pp-info-list-icon-vertical-top pp-info-list-icon-left elementor-invisible elementor-widget elementor-widget-pp-info-list\" data-id=\"9d7c1cb\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"pp-info-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"pp-info-list-container pp-list-container pp-info-list-connector\">\n\t\t\t<ul class=\"pp-list-items\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLoans\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"pp-info-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-item-inner\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-icon-wrapper\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"pp-info-list-icon pp-icon \">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"kwap kwappagination\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-infolist-content-wrapper\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"pp-info-list-title\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tMoney Market (Ringgit &amp; Foreign Currencies)\u200b\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-feb4d67 kwap-text elementor-invisible elementor-widget elementor-widget-text-editor\" data-id=\"feb4d67\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition to the above, KWAP outsources fixed income mandates to external fund managers in both domestic and international markets.<\/p><p>\u00a0<\/p><p>KWAP undertakes hedging activities utilising products such as FX Forwards, Cross Currency Swaps and Interest Rate Swaps to protect the portfolio value from unfavourable market movements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":0,"template":"","categories":[],"class_list":["post-3314","investment","type-investment","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fixed Income - KWAP<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fixed Income - KWAP\" \/>\n<meta property=\"og:description\" content=\"Home Fixed Income KWAP\u2019s \u200bFixed Income consists of several units that specialise in various sub-asset classes such as Government Bonds, Corporate Bonds, Money Market and FX Instruments. The overall Fixed Income portfolio comprises approximately 50 percent of KWAP\u2019s overall fund size. KWAP is an active player in both the domestic primary and secondary capital markets. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/\" \/>\n<meta property=\"og:site_name\" content=\"KWAP\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-15T09:27:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-1024x286.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/\",\"url\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/\",\"name\":\"Fixed Income - KWAP\",\"isPartOf\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1-1024x286.jpg\",\"datePublished\":\"2021-12-16T11:08:15+00:00\",\"dateModified\":\"2022-02-15T09:27:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/#primaryimage\",\"url\":\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1.jpg\",\"contentUrl\":\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/12\/fixed-income-banner-1.jpg\",\"width\":1663,\"height\":465},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/investment\/fixed-income\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.kwap.gov.my\/stg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investment\",\"item\":\"https:\/\/www.kwap.gov.my\/stg\/my\/investment\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Fixed Income\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#website\",\"url\":\"https:\/\/www.kwap.gov.my\/stg\/\",\"name\":\"KWAP\",\"description\":\"Malaysia&#039;s largest public services pension fund\",\"publisher\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.kwap.gov.my\/stg\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#organization\",\"name\":\"KWAP\",\"url\":\"https:\/\/www.kwap.gov.my\/stg\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/11\/logo.png\",\"contentUrl\":\"https:\/\/www.kwap.gov.my\/stg\/wp-content\/uploads\/2021\/11\/logo.png\",\"width\":300,\"height\":96,\"caption\":\"KWAP\"},\"image\":{\"@id\":\"https:\/\/www.kwap.gov.my\/stg\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.instagram.com\/kwapmalaysia\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fixed Income - KWAP","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Fixed Income - KWAP","og_description":"Home Fixed Income KWAP\u2019s \u200bFixed Income consists of several units that specialise in various sub-asset classes such as Government Bonds, Corporate Bonds, Money Market and FX Instruments. The overall Fixed Income portfolio comprises approximately 50 percent of KWAP\u2019s overall fund size. KWAP is an active player in both the domestic primary and secondary capital markets. 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