KWAP, local funds still hungry for domestic stocks


PETALING JAYA: The recent pullback on Bursa Malaysia has encouraged large institutional money managers such as Retirement Fund Inc (KWAP) to pick up stocks at lower price levels even as the market continues to trade at a premium compared with its regional peers.

KWAP manages more than RM100bil worth of investment assets, with its fund size growing at a rate of between RM5bil and RM6bil a year.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , kwap , fbm KLCI , local , funds , stocks , shares , klci , klse , bursa , domestic ,

   

Next In Business News

Swedish central bank lowers key rate, sees two more cuts this year
Public Bank mobilises over RM53bil in sustainable finance
Stinky tofu tycoon a Changsha success story
Indonesia sees more capital inflows after April rate hike, c.bank governor says
Bank Negara international reserves fall to US$112.8bil
Oil dips on rising US stockpiles, cautious supply expectations
Alstom to ask shareholders for US$1bil in rights issue to slash debt
Shell to sell Singapore refinery, petrochemical assets to Chandra Asri and Glencore
Malaysia mulls giving full tax exemption on emergency PRS withdrawals
CIMB Research expects OPR to stay at 3.0%

Others Also Read