Last updated  : 6/18/20 11:56 AM     

EPF OUTSOURCED RM132.41 BILLION TO EXTERNAL FUND MANAGERS FOR 2019

KUALA LUMPUR, 18 June 2020: The Employees Provident Fund (EPF) announced that a total of RM132.41 billion had been outsourced to external fund managers as at 31 December 2019, an increase of 12.63 per cent compared with RM117.56 billion at the end of 2018. This allocation, invested across both equity and fixed income instruments, represented 14.12 per cent of the EPF’s total investment assets.

EPF Chairman Tan Sri Ahmad Badri Mohd Zahir said, “Given the size of the EPF’s portfolio, which came up to RM924.75 billion 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.”

Consequently, to recognise outstanding performances last year by external fund managers appointed to manage the various EPF mandates, the EPF External Fund Managers Annual Awards 2020 saw 20 awards being presented to the top performing external fund managers.

“The EPF is very grateful to all our fund managers, both external and our own homegrown talent, whose diligence and commitment has helped ensure the sustained performance of the funds which we have entrusted to their care,” said Tan Sri Ahmad Badri. 

“A special mention must be accorded to our top performing external fund managers, whose efforts contributed to our solid performance despite the volatile market conditions in 2019,” he added.

For the financial year ended 2019, the EPF delivered a dividend rate of 5.45% with a payout amounting to RM41.68 billion for Simpanan Konvensional, while Simpanan Shariah saw a dividend rate of 5.00% with a payout amounting to RM4.14 billion.

“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,” Tan Sri Ahmad Badri explained.
 

Issued by the EPF Media Desk

Corporate Affairs Department

18 June 2020

 

About the Employees Provident Fund (EPF)

The Employees Provident Fund (“EPF”) is one of the oldest retirement funds in the world. Established in 1951, the EPF is a social-security organisation focused on safeguarding member savings and delivering excellent services. In recent years, in line with its vision of helping members achieve a better future, the EPF has expanded its role to encompass the creation of a comprehensive social well-being ecosystem. Today, the EPF remains steadfast in its commitment to members through consistent efforts to update and improve itself, in order to build the foundation for sustainable, holistic and equitable well-being for all Malaysians

APPENDIX

Award Winners for Equity Mandates

No.

Category

Award Winners

1

Best 3-Year ROI International Equity Fund Manager for FTSE Asean All Shares Ethical Index ex Malaysia 2019

Principal Asset Management Berhad

2

Best 3-Year ROI International Equity Fund Manager for MSCI Ethical Asia (ex Japan ex Malaysia) 2019

Amundi Malaysia Sdn Bhd

3

Best 3-Year ROI International Equity Fund Manager for MSCI Asia Shariah (ex Japan ex Malaysia) 2019

Amundi Aalam Sdn Bhd

4

Best 3-Year ROI International Equity Fund Manager for FTSE Ethical World Developed 2019

BNP Paribas Asset Management Malaysia Sdn Bhd

5

Best 3-Year ROI International Equity Fund Manager for FTSE Shariah World Developed 2019

Saturna Sdn Bhd

6

Best 3-Year ROI Domestic Equity Fund Manager (Conventional) 2019

Affin Hwang Asset Management Berhad 

7

Best International Equity Fund Manager for FTSE Asean All Shares Ethical Index ex Malaysia 2019

Principal Asset Management Berhad

8

Best International Equity Fund Manager for MSCI Ethical Asia (ex Japan ex Malaysia) 2019

Amundi Malaysia Sdn Bhd

9

Best International Equity Fund Manager for MSCI Asia Shariah (ex Japan ex Malaysia) 2019

Amundi Aalam Sdn Bhd

10

Best International Equity Fund Manager for FTSE Ethical World Developed 2019

BNP Paribas Asset Management Malaysia Sdn Bhd

11

Best International Equity Fund Manager for FTSE Shariah World Developed 2019

Saturna Sdn Bhd

12

Best Domestic Equity Fund Manager (Conventional) 2019

Nomura Asset Management Malaysia Sdn Bhd

 

Award Winners for Fixed Income Mandates

No.

Category

Award Winners

1

Best 3-Year ROI Domestic Fixed Income Fund Manager 2019

Affin Hwang Asset Management Berhad 

2

Best 3-Year ROI Domestic Sukuk Fund Manager 2019

Principal Islamic Asset Management Berhad

3

Best Global Bond Fund Manager 2019

Affin Hwang Asset Management Berhad

4

Best Global Sukuk Fund Manager 2019

AmIslamic Funds Management Sdn Bhd 

5

Best Global Emerging Market Debt Fund Manager 2019

Amundi Malaysia Sdn Bhd

6

Best Domestic Fixed Income Fund Manager 2019

Affin Hwang Asset Management Berhad

7

Best Domestic Sukuk Fund Manager 2019

Principal Islamic Asset Management Berhad