KWAP'S gross fund size has grown to RM190.3b – Finance Ministry

The Retirement Fund Inc's (KWAP) total gross fund size has reached RM190.3 billion as of Dec 31, 2023, following an adjustment for a cumulative withdrawal of RM20.5 billion for the partial funding of the government's annual pension duties since 2018.

The Finance Ministry said KWAP's unaudited consolidated fund as of Dec 31, 2023, amounted to RM169.8 billion, a growth of 305 percent for a compound annual growth rate of 9.0 percent since its inception on March 1, 2007....