EPF outsources RM98bil to external portfolio managers


An EPF staff attending to questions from customers at Service counter at the EPF headquaters in Kuala Lumpur.EPF has announce an engagement programme pertaining to various enhancement initiatives on the EPF scheme. AZHAR MAHFOF/The Star (20/4/2015)

KUALA LUMPUR: A total of RM98bil has been outsourced to external portfolio managers as at Dec 31, 2015, an increase of 14% compared to RM86bil a year before, said the Employees Provident Fund (EPF).

This allocation, invested in both equities and fixed income instruments, represented about 14% of the EPF’s total investment assets, said EPF chairman Tan Sri Samsudin Osman.

He said EPF was committed to declare no less than 2.5% nominal dividend on a yearly basis and at least 2% real dividend on three-year roling basis.

“Investment through external fund managers allowed us to leverage on their knowledge and skills, especially in the global financial market place,” he said at the EPF Portfolio Managers Awards Ceremony 2015 in Kuala Lumpur on Thursday.

He said EPF would also continue to explore higher-yielding assets which fitted its risk return profile as a retirement saving funds, such as equities and real estate and as investment diversification using a multi-asset class approach. 

On the Islamic investment award, Samsudin said, it reflected EPF’s efforts to promote and develop Malaysian Islamic Financial Centre agenda.

The EPF’s exposure to shariah-compliant investments covering multi-asset classes currently exceeded 4% of its total assets, he said.

As as end-2015, the fund’s total investment assets stood at RM684.53bil, up 7.54% from RM636.53bil in 2014.

The 2015 EPF External Portfolio Managers Awards saw 17 awards being presented to the top performing external portfolio managers. - Bernama


Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Hong Kong central bank cuts interest rate after Fed move
Eco World's Semenyih land purchase a positive
Gobind committed to helping Malaysia's smart city players expand reach to global stage
Singapore's UOB sees better loan growth in 2025 as Q3 profit hits record
Ekovest shares muted as Lim explores potential sale of toll-road business
FBM KLCI gains in early trade, tracking Wall Street rally after Fed rate cut
Ringgit opens higher versus US dollar following fed rate cut
Trading ideas: Mah Sing, Ekovest, Microlink, Pentamaster, KKB Engineering, EcoWorld
Microlink wins RM84mil ministry job
WE Communications announces expansion into M’sia

Others Also Read