The Employees Provident Fund (EPF) has outsourced RM132.41 bil to external fund managers as at Dec 31, 2019, an increase of 12.63% compared with RM117.56 bil at end-2018.
Invested across both equity and fixed income instruments, the allocation represented 14.12% of EPF’s total investment assets.
“Given the size of EPF’s portfolio, which came up to RM924.75 bil in overall investment assets by the end of 2019, we are continuing to engage external fund managers to invest a portion of our funds with the aim of further optimising returns and as part of efforts to diversify and enhance the performance of our assets,” EPF chairman Ahmad Badri Mohd Zahir said in a statement today.
In the face of the Covid-19 pandemic, Ahmad Badri said, EPF aims to still maintain consistent returns within risk limits.
“As we navigate market uncertainties in executing EPF’s investment strategies, we must manage our expectations for the near term, as the Covid-19 pandemic has entirely reshaped the way the world operates.
“However, the fund will continue to strive to maintain stable and consistent returns over the long term within tolerable risk limits, as well as to preserve and enhance the value of the capital from members’ savings. We are confident that the external fund managers we have selected will help us achieve this,” he said.
The fund’s dividend rate for the financial year ended 2019 was 5.45%, with a payout of RM41.68 bil for Simpanan Konvensional, while Simpanan Shariah saw a 5% dividend rate with a payout amounting to RM4.14 bil. – June 18, 2020
