KUALA LUMPUR: Retirement Fund Inc (KWAP) is optimistic about domestic market growth this year and aims to increase investments in the public and private segments.KWAP CEO Datuk Nik Amlizan Mohamed says the pension fund is seeing a strong growth trajectory in the domestic market, and various economic activities will spur the market to grow further.
Read more Business News
“We are quite positive about the domestic market’s growth and are strategically planning to increase investments in the local market.
“We are also expecting the ringgit to strengthen this year, which will benefit our domestic investments,” Nik Amlizan told reporters at KWAP’s Financial Year 2023 (FY23) results briefing today.
KWAP’s fund size grew from RM158.1 billion in 2022 to RM169.8 billion in 2023, marking a 7.4% or RM11.7 billion increase.
