The Employees Provident Fund (EPF) has outsourced RM108 billion to external portfolio managers, as at Dec 31, 2016, an increase of 10.36 per cent, compared with RM97.86 billion outsourced in 2015.
This allocation, invested in both equity and fixed income instruments, represented approximately 14.77 per cent of its total investment assets, said EPF, Malaysia''s premier retirements savings fund in a statement today.
"As we gear up towards becoming a trillion-ringgit fund, we will continue to outsource a portion of our funds as part of our diversification initiative, and to suitably leverage on the knowledge and skill sets of external fund managers that complement our own internal fund management capabilities," said Chairman Tan Sri Samsudin Osman.
He added that the fund would continue to increase its exposure in the markets EPF was investing in, especially in alternative investments and infrastructure.
"However, taking into account the prevailing market volatility and subdued growth, our expansion will be gradual and done in a prudent manner," said Samsudin.
EPF's investment objective remains, to declare no less than 2.5 per cent in nominal dividend on a yearly basis, and at least two per cent real dividend on a three-year rolling basis.
It would also continue to pursue asset diversification in order to mitigate portfolio risks and it planned to increase exposure into alternative investments to 10 per cent of total asset under management.
With about 45 per cent of investment assets being shariah-compliant prior to the launching of Simpanan Shariah in 2016, the EPF now expected to grow these assets by at least RM25 billion a year, on average, to meet the demand of members.
Samsudin said the competition for high-quality Islamic assets was not only confined to investors in the Muslim world, given their attractiveness as an alternative ethical financing tool, but also appealed to Western pension funds alike.
"The EPF needs more quality Islamic assets to invest in, and we welcome external managers to join us in our commitment to grow our Shariah mandate," he said.
Meanwhile, the fund''s exposure to shariah-compliant investments, covering multi-asset classes, currently exceeded 40 per cent of total assets.
As at Dec 31, 2016, its total investment assets stood at RM731.11 billion, up 6.81 per cent, from RM684.53 billion in 2015.
"The EPF sets high standards on performance and we appreciate the hard work of our external fund managers, who have shown full commitment in managing our funds," said Samsudin. - BERNAMA
Bernama
Fri May 12 2017
EPF has outsourced RM108 billion to external portfolio managers, as at Dec 31, 2016, an increase of 10.36 per cent, compared with RM97.86 billion outsourced in 2015.
Apple dilapor kurangkan pengeluaran Vision Pro susulan permintaan rendah
Walaupun jualan pada awalnya amat memberangsangkan, momentum tidak berterusan kerana unit awal hanya dibeli oleh peminat paling tegar Apple.
Nahas dua kenderaan punca insiden kecoh semasa pengebumian pegawai TLDM - Polis
Siasatan awal mendapati kejadian berlaku pada jam 7.45 malam selepas pemandu kereta terlanggar sebuah motosikal berhampiran dengan masjid.
KL20: MYStartup platform boosts Malaysia’s startup ecosystem
KL20: Shariah-compliant startup revolution
Ringgit dibuka rendah berikutan dolar kekal tinggi menjelang data KDNK AS
Pada 9 pagi, ringgit susut kepada 4.7825/7870 berbanding dolar AS daripada 4.7765/7780 ketika ditutup pada Rabu.
Isu penceramah pro-Zionis: 'Keluar! Anda tidak dialukan di negara ini!' - Rakyat Malaysia
Pada Rabu, Universiti Malaya (UM) mendapat kecaman kerana membenarkan Gilley menyebarkan propaganda Zionis dalam ceramahnya di universiti.
AWANI Ringkas: Mangsa nahas helikopter dikebumi hari ini
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Terengganu mampu tanggung 50 peratus hutang PTPTN rakyat
Perkara itu boleh dilaksanakan sebagaimana dilakukan kerajaan Sarawak bagi memberi suntikan dan galakan kepada golongan pelajar.
Buruh ladang warga Indonesia maut dipanah petir
Mangsa dikenali sebagai Kamarudin,40, berasal dari Montong Berore, Mataram, Lombok disahkan meninggal dunia di tempat kejadian.
OpenAcademy: How microlearning transforms Malaysia's work landscape?
OpenAcademy, a Malaysian ed-tech startup, directly addresses the critical need for workforce upskilling in Malaysia. Their user-friendly mobile platform delivers microlearning modules focused on practical, industry-relevant digital skills. This empowers Malaysians at all career stages to enhance their skill sets and remain competitive in the evolving digital landscape.