Malaysia’s Employees Provident Fund (EPF) has allocated 97 billion ringgit (US$20.89 billion), or 83% of capital allotted for investments, to the domestic market this year, the Finance Ministry says.
It says the EPF, which manages the retirement savings of private sector employees and the self-employed, has allocated more than 80% of funds annually on domestic investments since 2019.
“The EPF will continue to prioritise domestic investment by allocating a larger portion of the allocated funds to the domestic capital market, including money markets,” the ministry says on November 8, in a written response to a question posed in parliament by an opposition lawmaker.
According to the ministry, the pension fund has 1.08 trillion ringgit of assets under management currently, with 61.4% invested in Malaysia and 38.6% overseas.