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.
In our aspiration to become a High-Performance Organisation, close monitoring of financial performance is a habit. We track a diverse set of performance metrics to measure the performance of equities.
A great deal of emphasis is placed on two performance indicators: Return on Investment (ROI), which measures the realised return over average fund invested, and Total Return, as measured by Time-Weighted Rate of Return (TWRR), which tracks the portfolio’s total return inclusive of the realised and unrealised gain.
Total Return measurement enables the evaluation of portfolio performance against selected benchmarks. Other performance metrics include portfolio dividend yield relative to benchmark yield, portfolio beta, Sharpe ratio, information ratio and tracking error. These serve as guides for portfolio managers to identify factors affecting their performance.
Private Equity
Our Private Equity program boasts a diverse and robust portfolio, comprising investments in over 76 funds managed by 51 distinct General Partners, alongside 7 direct/co-investments. In Europe, we are committed to over 11 funds in the private equity startegy.
Our primary focus is on fund investments, which allows us to cultivate closer relationships with managers, facilitate knowledge sharing, and leverage insights from industry experts. As private equity continues to expand, we remain committed to a diverse investment strategy that spans Buyout, Growth, Venture, and Secondary investments.
We prioritize partnerships with developed managers who have a proven track record and offer unique value-add strategies. Our approach includes supporting fund managers who implement strategic operational and investment plans in Malaysia, thereby promoting cross-border expansion for their portfolio companies. This strategy not only enhances our global investment footprint but also strengthens our local market presence, aligning with our long-term growth objectives. Through these efforts, we aim to generate strong returns while fostering innovation and growth across our investment landscape.
Real estate
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 UK and European assets include 2 Office Buildings, 1 Retail Centre, 2 Logistics, 4 Student Accommodations and 2 Residential properties.