EPF says RM155.18 billion outsourced to external fund managers in 2020

The Employees Provident Fund (EPF) announced today that a total of RM155.18 billion had been outsourced to external fund managers as of Dec 31, 2020, in which the allocation, invested across both equity and fixed income instruments, represented 15.55% of its total investment assets.

Chairman Ahmad Badri Mohd Zahir said the external fund managers had continued to ensure good performance and deliver results that were within the EPF’s risk-return objectives amid the global market uncertainties caused by the Covid-19 pandemic.

“As our fund size grows, we will continue to outsource a portion of our funds to optimise returns and enhance the performance of our assets,” he said in a statement.

He said EPF was confident that the fund managers would continue to deliver superior performance and maintain high governance standards in managing EPF portfolios while ensuring the sustainability of assets over the long term.

For the 2021 External Fund Managers Award, EPF said a total of 19 awards comprising nine categories for fixed income and 10 categories for equity were accorded to the top external fund managers in recognition of their performance.

EPF delivered a dividend rate of 5.20% with a payout of RM42.88 billion for conventional savings, and 4.90% with a payout of RM4.76 billion for shariah savings for the financial year ended 2020.

“Cumulatively, the total payout for 2020 amounted to RM47.64 billion,” it said.