KUALA LUMPUR – The Employees Provident Fund (EPF) has allocated RM97 billion, or 83% of its total fund allocation, for domestic investments this year, the Finance Ministry (MoF) said.
The retirement fund’s average annual fund allocation for investment in the domestic market exceeded 80% from 2019 to 2023, the ministry said in a written answer in the Dewan Rakyat yesterday.
“EPF will continue to prioritise domestic investment by allocating a large portion of its annual funds to the local market, including local banks’ money markets.
“To ensure that the EPF can optimise its investments sustainably, the EPF Investment Panel is always guided by its strategic asset allocation framework, which allocates investment assets across various asset classes, geographies, mandates, and strategies in line with its investment objectives as a retirement fund manager,” the MoF said in response to a question from Datuk Mohd Radzi Md Jidin (Putrajaya-PN).
From the EPF’s establishment in 1951 until now, its investment assets totalled RM1.082 trillion, of which 61.4% have been used for domestic investments and 38.6% for foreign investments, the MoF said. – November 8, 2023