External fund managers play a key role in helping the EPF get above-average returns for its 15.7 million members.
In 2022, EPF outsourced RM160.24 billion or 16.12% of its total investment assets to external fund managers.
As of June, the size of the EPF’s investment assets stood at RM1.08 trillion, positioning it as one of the top 10 largest sovereign pension funds in the world. It receives an estimated RM88 billion from employees and employers annually. “Despite 2022 being a difficult year marked by volatility and ongoing geopolitical tensions, the EPF’s panel of external fund managers managed to deliver encouraging results that were within its objectives and expectations for the year.”
To get an insight into how EPF’s external fund managers achieved above-average ROI, FMT Business spoke to its longest serving external fund manager, Tan Chong Koay. On his secret to achieving such outperformance over a long-term horizon, Tan attributed it to putting into practice his investment philosophy “Never fully invest at all times”.
“We increased our equity exposure when the market crashed. As a result, we picked up many stocks at rock bottom prices and performed very well in 1998 and 1999,” he said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Matrade-PKNS collaboration likely to increase the number of Malaysian exportersSHAH ALAM, Aug 23 — The collaboration between the Malaysia External Trade Development Corporation (Matrade) and the Selangor State Development Corporation (PKNS) through the...
Read more »
Taiwan Expo 2023 in Malaysia opens, showcases strengths in four areasKUALA LUMPUR: Taiwan Expo 2023 in Malaysia, organised by the Bureau of Foreign Trade and the Taiwan External Trade Development Council (Taitra) kicked...
Read more »
Richardson impresses as she begins 200m world title questSha’Carri Richardson is bidding to become the first American to achieve the sprint double at the competition.
Read more »
Lyles cruises into 200m semis in quest for sprint doubleThe American upset a host of 100m specialists to win the gold medal on Sunday.
Read more »
14 Baldur’s Gate 3 Mods To Help You On Your QuestFrom transmog to WASD controls, here are some mods you can install right now to enhance your Baldur’s Gate 3 experience
Read more »
I Broke A Samba de Amigo VR Demo By Being A Short KingSometimes a Meta Quest headset has to be calibrated for those of us under five-and-a-half feet
Read more »