KUALA LUMPUR (Nikkei Markets) -- Malaysia's Kumpulan Wang Persaraan, which manages over $36 billion in assets of civil servants' retirement benefits, may invest more in listed equities and alternative assets as it reviews current investment policy, its chief executive said Monday.
The state-run pension fund, also known as KWAP, favors dividend-yielding sectors such as banking and telecommunication, Wan Kamaruzaman Ahmad told reporters. KWAP is also looking to invest more in global technology sector and remains in talks with two insurers to acquire a stake, he said.
