Friday 29 Mar 2024
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KUALA LUMPUR (Oct 8): The Employees Provident Fund (EPF) announced on Friday (Oct 8) that a total of RM155.18 billion of the fund’s investment assets had been outsourced to external fund managers as at Dec 31, 2020. 

The allocation, invested across both equity and fixed income instruments, represented 15.55% of the EPF’s total investment assets, the fund said in a statement.

EPF chairman Tan Sri Ahmad Badri Mohd Zahir said in the statement: “In the midst of global market uncertainties and volatilities caused by the Covid-19 pandemic, the external fund managers continued to ensure a good performance and deliver results within the EPF’s risk-return objectives.

“As our fund size grows, we will continue to outsource a portion of our funds to optimise returns and enhance the performance of our assets. Our external fund managers’ insights and capabilities have become among the factors contributing to the success of the EPF and the well-being of our members, which is imperative in these difficult economic times,” Ahmad Badri added.

In the statement, the EPF said that for 2020, the fund delivered a dividend rate of 5.2% with a payout of RM42.88 billion for contributors’ Simpanan Konvensional (conventional savings) and 4.9% with a payout of RM4.76 billion for contributors’ Simpanan Shariah (syariah-compliant savings).

Cumulatively, the total dividend payout for 2020 amounted to RM47.64 billion, according to the EPF.

"In line with its goal of sustainable investing, the EPF has also been working closely with the external fund managers on environmental, social and governance (ESG) initiatives in creating awareness and incorporating sustainability parameters in their investment processes,” the fund said.

Ahmad Badri added that the EPF is confident that its fund managers will continue to deliver a superior performance and maintain high governance standards in managing the fund’s portfolios while ensuring the sustainability of its assets over the long term.

According to the statement, the EPF's external fund managers include Amundi Malaysia Sdn Bhd, BNP Paribas Asset Management Malaysia Sdn Bhd, Franklin Templeton Asset Management (Malaysia) Sdn Bhd and Nomura Islamic Asset Management Sdn Bhd.

Edited ByChong Jin Hun
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