EPF RELEASES REVISED LIST OF UNIT TRUST FUNDS FOR 2023/2024

KWASA DAMANSARA, 10 April 2023: The Employees Provident Fund (EPF) releases its Revised Qualified List of Fund Management Institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS). This revised list is taken into effect today.

 

For the 2023/2024 period, a total of 299 funds from 18 FMIs were approved under the EPF MIS, of which 184 funds are qualified to be offered to EPF members. Of these qualified funds, 149 funds, or 81%, are local funds, with 104 funds, or 70%, being equity funds.

 

EPF Chief Investment Officer Rohaya Mohammad Yusof said, “For the first time this year, the EPF has included a Sustainable Responsible Investment (SRI) based unit trust fund into the list as part of our commitment to embrace sustainable investing and mainstream our sustainability agenda. The EPF anticipates more SRI funds that meet our evaluation criteria to be listed in the future.

 

“As an incentive to encourage members’ investment into an SRI based fund, the sales charge is reduced for transactions made through the EPF’s i-Invest online platform from 0.5% to 0%; or not more than 1.5% for transactions via agents,” she added.

 

The 299 funds approved under the EPF-MIS are evaluated annually based on EPF’s established criteria approved by the Ministry of Finance. The two qualifying criteria for funds evaluation includes the consistency of performance and its relative performance against benchmark. The qualifying threshold set for these criteria are reviewed from time to time in order to ensure only funds with the highest quality are listed.

 

The list of unit trust funds approved for the period of 2023/2024 are as in Table 1 below:

Under the EPF MIS, members are given the option to invest with the FMIs up to 30% of the amount in excess of their EPF Account 1 savings. This includes investing with Unit Trust Management Companies and Private Mandate Companies, depending on their eligibility based on the Basic Savings Quantum (refer to Table 2).

 

“Since the launch of i-Invest platform in 2019, around RM2.15 billion has been transacted as at December 2022. We encourage members to take advantage of i-Invest as it provides lower upfront sales charge compared to other channels, greater flexibility, functionality and convenience for members to invest, transact, and monitor their investment funds across the FMIs.

 

“Members will be able to access information on the applicable cost of investment and historical performance of funds. The Fund Performance Benchmark feature in the platform also enables members to compare the performance of selected funds against their benchmark performance,” Rohaya added.

 

Members are advised to exercise caution when making any investment decision and seek the right information or professional advice before committing to any transactions. Members may consult the EPF’s Retirement Advisory Service, available at any EPF branch nationwide prior to participating in MIS. While EPF has approved these funds, it neither endorses nor recommends any individual fund for members to invest in.

 

For the full list of funds offered under each appointed FMI, members may refer to the EPF website at https://www.kwsp.gov.my/member/investment.

Issued by the EPF Media Desk
Corporate Affairs Department
10 April 2023

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.