KUALA LUMPUR (Sept 14): The Employees Provident Fund (EPF) had actively implemented its diversification strategies to protect its investments and members’ savings from currency depreciation and challenging economic conditions.

The provident fund’s chief executive officer Datuk Shahril Ridza Ridzuan said in a statement today that the EPF is constantly seeking out appropriate local investments and will actively invest in long-term strategic industries and companies.

“In recent months, we have also been encouraging our global partners to invest with us in Malaysia. This includes our recent logistics hub with the Goodman Group of Australia and separately, with several global pension funds,” Shahril said.

“Domestic investments continue to be an integral part of the fund’s investments, and the EPF has adopted a long term, well diversified portfolio, investing its assets using multi-asset class approach in accordance with the [fund’s] Strategic Asset Allocation,” Shahril added.

The press statement came after Prime Minister Datuk Seri Najib Razak announced several broad measures to strengthen the economy, which includes a RM20 billion injection into the government’s investment arm, ValueCap, to prop up the local stock market.

Shahril reiterated the EPF will continue to support efforts by the government and other related agencies, in light of challenging conditions faced by the country.