THE Employees Provident Fund (EPF) announced that RM155.18 billion had been outsourced to external fund managers as of December 31 last year, with the allocation – invested across both equity and fixed income instruments – representing 15.55% of its total investment assets.

Chairman Ahmad Badri Mohd Zahir said the external fund managers continue to ensure good performance and deliver results that are within the federal statutory body’s risk-return objectives, amid 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 today.

Badri said EPF is confident that the fund managers will continue to deliver superior performance and maintain high governance standards in managing EPF portfolios, while ensuring the sustainability of assets in the long term.

For the External Fund Managers Award 2021, EPF said 19 awards (nine categories for fixed income and 10 for equity) are accorded to top external fund managers in recognition of their stellar performances.

EPF delivered a dividend rate of 5.20% with a payout of RM42.88 billion for Simpanan Konvensional and 4.90% with a payout of RM4.76 billion for Simpanan Shariah for the financial year ended 2020.

“Cumulatively, the total payout last year amounted to RM47.64 billion,” it said. – Bernama, October 8, 2021.