Weekly investors roundup: KWAP shops overseas; GIC buys beach resorts; KIC's returns take a dive
Malaysia’s KWAP aims to increase its overseas investments; Singapore’s GIC will take a majority stake in luxury beach resort group; Korea's KIC posted double-digit returns for the first half of 2022.
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Malaysia’s state pension fund aims to increase its overseas investments as it views this year’s turbulence in the financial markets as an opportunity to buy.
The Kumpulan Wang Persaraan (Diperbadankan), or KWAP, plans to increase the proportion of foreign investments in its portfolio to 30% by 2025 from 20% at present, Chief Executive Officer Nik Amlizan Mohamed said in a Bloomberg TV interview. The pension fund for civil servants held 159 billion ringgit (…
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