Last updated : 11/22/18 1:27 AM     

EPF Outsourced RM114.56 Billion To External Portfolio Managers

KUALA LUMPUR, 17 April 2018: The Employees Provident Fund (EPF) announced that a total of RM114.56 billion had been outsourced to external portfolio managers as at 31 December 2017, an increase of 9.80 per cent, compared with RM104.37 billion in 2016. This allocation, invested in both equity and fixed income instruments, represented 14.50 per cent of the EPF’s total investment assets.

 

Speaking at the EPF External Portfolio Managers Annual Awards 2018 yesterday, held at Hilton Kuala Lumpur, EPF Chairman Tan Sri Samsudin Osman said, “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 skillsets of external fund managers that complement our own internal fund management capabilities.

 

“We will continue to increase our exposure in the markets we invest in, especially in alternative investments and infrastructure. However, taking into account the prevailing market volatility and subdued growth, our expansion will be done gradually and in a prudent manner.”

 

With about 45 per cent of investment assets being shariah-compliant, the EPF expects to grow these assets by at least RM25 billion a year on average to meet the demand of its members.

 

Tan Sri Samsudin said the competition for high quality Islamic assets was not only confined to investors in the Muslim world, but to the Western pension funds as well, given the attractiveness of Islamic assets as an alternative and ethical source of financing.

 

“The EPF needs more quality Islamic assets to invest in, and we welcome external managers to join us in our commitment to growing our shariah mandate,” he added.

 

The EPF External Portfolio Managers Annual Awards 2018 saw 14 awards being presented to the top performing external portfolio managers. The objective of the annual award is to recognise the outstanding performance by external portfolio managers in managing EPF’s investment portfolio.

 

“The EPF sets high standards on performance and we would like to express our appreciation to all fund managers for their good performance over the past year which contributed to the success of the EPF and by extension, to the retirement well-being of our members,” said Tan Sri Samsudin.

 

The list of winners for 2017 is provided in Attachment 1.

 

ATTACHMENT 1

LIST OF WINNERS FOR EPF PORTFOLIO MANAGERS ANNUAL AWARDS 2018

 

NO.

AWARDS

WINNERS

1.

Best 3-Year ROI Domestic Fixed Income Portfolio Manager Year 2017

Libra Invest Berhad

2.

Best 3-Year ROI Domestic Sukuk Portfolio Manager Year 2017

Nomura Islamic Asset Management Sdn. Bhd.

3.

Best 3-Year ROI Global Bond Portfolio Manager Year 2017

Goldman Sachs (Malaysia) Sdn. Bhd.

4.

Best 3-Year ROI Global Sukuk Portfolio Manager Year 2017

BNP Paribas Asset Management Najmah Malaysia Sdn. Bhd.

5.

Best 3-Year ROI International Equity Portfolio Manager 2017 For MSCI Ethical Asia ex-Japan ex-Malaysia Mandate

Goldman Sachs (Malaysia) Sdn. Bhd.

6.

Best 3-Year ROI International Equity Portfolio Manager 2017 For FTSE Ethical World Developed Mandate

BNP Paribas Asset Management Malaysia Sdn. Bhd.

7.

Best 3-Year ROI International Equity Portfolio Manager Year 2017 For FTSE Shariah World Developed Mandate

Nomura Islamic Asset Management Sdn. Bhd.

8.

Best Domestic Fixed Income Portfolio Manager Year 2017

Libra Invest Berhad

9.

Best Domestic Sukuk Portfolio Manager Year 2017

Nomura Islamic Asset Management Sdn. Bhd.

10.

Best Global Bond Portfolio Manager Year 2017

Affin Hwang Asset Management Berhad

11.

Best Global Sukuk Portfolio Manager Year 2017

BNP Paribas Asset Management Najmah Malaysia Sdn. Bhd.

12.

Best International Equity Portfolio Manager 2017 For MSCI Ethical Asia ex-Japan ex-Malaysia Mandate

Goldman Sachs (Malaysia) Sdn. Bhd.

13.

Best International Equity Portfolio Manager 2017 For FTSE Ethical World Developed Mandate

BNP Paribas Asset Management Malaysia Sdn. Bhd.

14.

Best International Equity Portfolio Manager 2017 For FTSE Shariah World Developed Mandate

BNP Paribas Asset Management Najmah Malaysia Sdn. Bhd.