EPF Announces Best External Fund Managers for 2024
KWASA DAMANSARA, 22 May 2025: The Employees Provident Fund (EPF) announced 12 winners at its annual EPF External Fund Managers Annual Award Dinner, held to honour the top-performing external fund managers in their respective mandates for the year 2024.
As at 31 December 2024, a total of RM213.21 billion had been outsourced to external fund managers, representing 17% of the EPF’s total investment assets. The panel of external fund managers delivered a record total income of 24% of the EPF’s overall investment income.
EPF Chairman Tan Sri Dato’ Seri Mohd Zuki Ali said, “The achievement is a testament to the depth of talent, insight, and collaboration across the investment ecosystem cultivated by the EPF and its external fund managers. Despite the external headwinds and market volatility over the past year, the EPF and its external fund managers have demonstrated agility and resilience in managing a diversified portfolio aimed at delivering long-term value for our members.”
For the financial year ended 2024, the EPF delivered a dividend rate of 6.30% for both Simpanan Konvensional and Simpanan Shariah, resulting in a total payout of RM73.24 billion. Of this amount, RM63.05 billion was distributed to Simpanan Konvensional, while RM10.19 billion to Simpanan Shariah. The EPF recorded a total investment income of RM74.46 billion in 2024, while the size of its investment assets grew to RM1.25 trillion—firmly positioning the EPF as one of the largest pension funds in the world.
“The EPF is committed to innovation, leveraging artificial intelligence and automation to enhance operational efficiency and develop a more agile, future-ready investment infrastructure. At the same time, the integration of ESG considerations across our portfolios remains a strategic priority to reinforce long-term resilience. We actively engage with our external fund managers to ensure they are aligned with our purpose for sustainable and inclusive growth,” added Tan Sri Mohd Zuki.
The following are the winners of the EPF External Fund Managers Awards 2024:
| No. | Categories | Winners |
|---|---|---|
| 1 | Best Domestic Equity Fund Manager (Shariah) 2024 | BNP Paribas Asset Management Najmah Malaysia Sdn Bhd |
| 2 | Best Domestic Equity Fund Manager (Conventional) 2024 | Franklin Templeton Asset Management (Malaysia) Sdn Bhd |
| 3 | Best International Equity Fund Manager for MSCI Shariah Asia (ex Japan ex Malaysia) 2024 | Nomura Islamic Asset Management Sdn Bhd |
| 4 | Best International Equity Fund Manager for MSCI EM Latin America 2024 | Principal Asset Management Berhad |
| 5 | Best International Equity Fund Manager for Factor Investing 2024 | Robeco Institutional Asset Management |
| 6 | Best International Equity Fund Manager for FTSE Shariah World Developed 2024 | Nomura Islamic Asset Management Sdn Bhd |
| 7 | Best International Equity Fund Manager for FTSE Ethical World Developed 2024 | Amundi Malaysia Sdn Bhd |
| 8 | Best Global Bond Fund Manager 2024 | BNP Paribas Asset Management Malaysia Sdn Bhd |
| 9 | Best Equity ROI 2024 | BNP Paribas Asset Management Malaysia Sdn Bhd |
| 10 | Best Fixed Income ROI 2024 | Nomura Islamic Asset Management Sdn Bhd |
| 11 | Best EPF Global Equity Fund Manager 2024 | Nomura Asset Management |
| 12 | Best EPF External Fund Manager 2024 | Nomura Asset Management |
Issued by
Editorial and Media Relations Unit
Corporate Affairs Department
22 May 2025
About the Employees Provident Fund (EPF)
The Employees Provident Fund® (EPF®) is Malaysia’s premier retirement savings fund, helping its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s purpose to help members achieve a better future and its mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from a transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.