KWAP allocates RM700m for small capitalised equity mandate
Published on: Thursday, November 17, 2016
Kuala Lumpur: The Retirement Fund (Incorporated) (KWAP) has to-date allocated about RM700 million for its small capitalised (small cap) equity mandate since 2014. The mandate was set up in April 2014 with a capital of RM200 million.In a statement Wednesday, KWAP said of the total allocation, RM380 million was internally managed while the remaining RM320 million was managed by external fund managers (EFMs), which involved four fund managers licenced under the Securities Commission."Generally, under the current low growth environment, small cap stocks with the right niche offer relatively higher earnings growth potential compared with large-cap stocks.
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