KUALA LUMPUR — March 28, 2019: The Employees Provident Fund had outsourced RM117.56 billion to external fund managers as at last December 31, up 2.62 per cent from the year before across both equity and fixed income instruments and represented 14.10 per cent of the agency’s total investment assets.
As its fund size grows, EPF will continue to do so as part of its diversification programme and to better manage the performance of its assets,” said EPF Chairman Tan Sri Samsudin Osman in a statement.
Samsudin told the EPF External Fund Managers Annual Awards 2019 yesterday that the newly-formed External Fund Managers Department will streamline the monitoring of external fund management, to tap into external fund managers’ specialised knowledge, skills sets and exposure in order to deliver sustainable, value-added returns over the long run.
The restructuring will provide greater clarity to the EPF’s external fund management activities and make it more effective to monitor performance, communicate and execute investment strategies in line with its core investment philosophy of earning superior risk-adjusted returns with a long-term perspective.
At the ceremony, 20 awards were presented to top performing external fund managers.
“The EPF sets high standards on our fund performance, and as such we would like to express our highest appreciation to all fund managers for their efforts in delivering to the EPF commendable performance over the past year and by extension, to the retirement well-being of our members,” said Samsudin. — Bernama