KUALA LUMPUR, April 17 (Bernama) --The Employees Provident Fund (EPF) has outsourced a total of RM114.56 billion to external portfolio managers as at Dec 31, 2017, an increase of 9.8 per cent from RM104.37 billion in 2016.
This allocation, invested in both equity and fixed income instruments, represented 14.5 per cent of the EPF's total investment assets, it said in a statement here today.
Chairman Tan Sri Samsudin Osman said as the EPF geared up towards becoming a trillion-ringgit fund, it would continue to outsource a portion of its funds as part of the diversification initiative.
"This was also to suitably leverage on the knowledge and skill sets of external fund managers that complemented the pension fund's own internal fund management capabilities," he said.
"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," said Samsudin.....