Kumpulan Wang Persaraan (Diperbadankan) [KWAP], announced its 2018 External Fund Manager (EFMs) awards winners in the inaugural ceremony held recently. The awards, held at the Double Tree Hotel in Kuala Lumpur, acknowledged fund managers who have secured long-term risk-adjusted returns and have been responsible stewards of sustainable investment.
To recognise outstanding fund managers, KWAP selected winners from twelve different categories: seven for its equity mandate and the remaining five for its fixed income mandate. Each fund manager was evaluated and selected through a meticulous scoring process that measures performance based on key quantitative and qualitative metrics.
Speaking at the event, Dato’ Wan Kamaruzaman Wan Ahmad, Chief Executive Officer of KWAP said, “Recognition given to industry players oftentimes works as a catalyst for progress. And this is what we aim to do with this inaugural KWAP EFM Awards. In addition to awards and recognition, I believe we should also help one another by sharing our experience and wisdom amongst industry players.”
KWAP outsourced RM17.50 billion to both domestic and international EFMs as at 31 December 2017. This is an increase of 19.60% compared to RM14.60 billion outsourced in 2016. The allocation, invested in both equity and fixed income instruments, represented approximately 12.42% of KWAP’s total investment assets of RM140.80 billion.
Domestic portfolio managers registered a compounded annual growth rate (CAGR) of 18.10% in the last ten years since the fund’s inception, while the international EFMs attained a CAGR of 26.60% annually from year 2011 to 2017.
“Leveraging on EFMs had provided KWAP with a broader range of innovative capabilities and opportunities,” the Chairman of KWAP’s Investment Panel, Dato’ Mohammed Azlan Hashim said in his keynote address. He added that it was timely for KWAP to recognize the EFMs this year as KWAP has reached a stage where there is reasonable record of accomplishments to assess the success and sustainability of the funds.
“As we progress forward, KWAP shall continue to support the fund management industry by allocating strategic key mandates to increase returns. The EFMs can expect KWAP to continue to enhance the mandate, while improvising our policies to incentivize performing EFMs as part of our diversification investment strategies”, said Dato’ Mohammed Azlan.
The 2018 KWAP External Fund Managers Awards categories include Domestic Conventional Equity, Domestic Shariah Equity, Domestic ESG Equity, Domestic SmallCap Equity, and International Equity for the equity mandate, as well as Domestic Fixed Income, Domestic Sukuk, and International Fixed Income for the fixed income mandate. KWAP also presented the Best EFM Award for the 3-year TWRR (Time Weighted Rate of Return) category for the Equity and Fixed Income mandates respectively.
It is notable that KWAP, earlier this year, became the first local pension fund to be a signatory of the United Nations-supported Principles for Responsible Investment (PRI).
In line with this, Dato’ Mohammed Azlan urged all the EFMs to actively engage with their asset owners and maximize returns within determined risk parameters, delivering superior total return via the adoption of responsible investment and shareholder engagements.
List of Winners for KWAP External Fund Managers (EFMs) Awards 2018
|1||BEST DOMESTIC EQUITY 3-YEAR TWRR 2017||AFFIN HWANG ASSET MANAGEMENT BERHAD (SMALL CAP MANDATE)|
|2||BEST INTERNATIONAL EQUITY 3-YEAR TWRR 2017||PRIMA EKUITI (UK) LTD (EURO MANDATE)|
|3||BEST DOMESTIC CONVENTIONAL EQUITY 2017||KENANGA INVESTORS BERHAD|
|4||BEST DOMESTIC SHARIAH EQUITY 2017||MIDF AMANAH ASSET MANAGEMENT BERHAD|
|5||BEST DOMESTIC SMALL CAP EQUITY 2017||EASTSPRING INVESTMENTS BERHAD|
|6||BEST DOMESTIC ESG EQUITY 2017||BNP PARIBAS ASSET MANAGEMENT MALAYSIA SDN. BHD.|
|7||BEST INTERNATIONAL EQUITY 2017||PRIMA EKUITI (UK) LTD (EURO MANDATE)|
|1||BEST DOMESTIC SUKUK 3-YEAR TWRR 2017||RHB ISLAMIC INTERNATIONAL ASSET MANAGEMENT BERHAD|
|2||BEST GLOBAL SUKUK 3-YEAR TWRR 2017||CIMB-PRINCIPAL ISLAMIC ASSET MANAGEMENT SDN BHD|
|3||BEST DOMESTIC FIXED INCOME 2017||AFFIN HWANG ASSET MANAGEMENT BERHAD|
|4||BEST DOMESTIC SUKUK 2017||RHB ISLAMIC INTERNATIONAL ASSET MANAGEMENT BERHAD|
|5||BEST INTERNATIONAL FIXED INCOME 2017||JF ASSET MANAGEMENT LIMITED|