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Kwap to go fully sharia, may cut return target

Richard Newell
The Malaysian $30 billion state pension plans to make all its portfolios 100% sharia-compliant and may reduce its performance target in light of prevailing low yields.
Kwap to go fully sharia, may cut return target

Malaysia's RM120 billion ($30 billion) civil servants’ pension fund, Kwap, has begun a shift towards running its entire investment portfolio on a sharia-compliant basis, AsianInvestor has learned. Meanwhile, like other institutional investors, it is growing increasingly concerned about its ability to achieve its performance targets.  

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