Malaysia’s Employees Provident Fund (EPF) outsourced management of around 17% or 189 billion ringgit (US$40.39 billion) of its investment assets last year, up from about 16% or 160.24 billion ringgit in 2022.
Its total investment assets as of end-2023 was 1.14 trillion ringgit.
The EPF, Malaysia’s largest pension fund, disclosed the figures in a statement on May 26 announcing winners of its external manager awards.
According to EPF Chairman Ahmad Badri Mohd Zahir, the sum managed by external managers in 2023 was nearly triple from five years ago.
He says external managers delivered “commendable results” last year, accounting for 22% of the 66.99 billion ringgit gross investment income earned by the pension fund.
“In the coming years, the EPF will continue to explore new strategies and partner with leading domestic and global fund managers to deliver optimised returns,” he says in the statement.
The EPF recognised eight external managers with awards for 2023, including France’s BNP Paribas Asset Management for best global bond manager, Amundi of the Netherlands for best global equity manager, and homegrown AHAM Capital Asset Management for best domestic equity fund manager.
The EPF manages the retirement savings of private sector employees and the self-employed.
