RISING equity prices is a boon for investors. At Kumpulan Wang Persaraan or KWAP, the FTSE Bursa Malaysia KL Composite Index’s (FBM KLCI) 9.5% gain year-to-date lifted the fund’s asset value to above RM100bil for the first time ever.
That growing pile of money will come in handy when the pension fund is called to assist the Government in funding its bulging pension liability, which some estimates put at close to RM300bil today.
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