KUALA LUMPUR, 12 August 2021: The Employees Provident Fund (EPF) welcomes the recent announcement by Prime Minister Tan Sri Muhyiddin Yassin on Perkukuh Pelaburan Rakyat (PERKUKUH) that aims to strengthen Malaysia’s Sovereign Wealth Funds and Institutional Investors into world-class entities with robust governance towards achieving long-term national aspirations.
As an Institutional Investor whose primary objective is to optimise returns for members in a sustainable manner, the EPF fully supports the initiative to introduce the Green Investing Opt-in Funds that will empower members to make investment choices that are reflective of their personal values and causes. This medium to long-term initiative will also contribute positively to the EPF’s sustainability commitments as well as the national socioeconomic goal to spur the green economy and promote positive societal impact.
In the areas of social protection, measures are being explored under this plan to enhance coverage and adequacy of social protection to ensure all Malaysians are protected and afforded a good standard of living. The EPF also acknowledges the enhancements outlined in PERKUKUH for Institutional Investors, so all Malaysians will stand to benefit from the strengthened risk-return performance.
As PERKUKUH will be crucial in supporting our economic recovery, the EPF looks forward to working closely with the Government and institutional counterparts in its implementation, while staying focused on delivering the fund’s mandate to safeguard members’ savings for their future well-being.
Issued by the EPF Media Desk
Corporate Affairs Department
12 August 2021