The Employees Provident Fund has announced the rollout of new features and tools on the i-Invest web portal aimed to improve the experience for its members. The features includes transactional functions, suitability assessment, and useful information on approved unit trust funds and fund management institutions.
Among the functions is the Historical Investment Performance Dashboard which enables members to analyse investment performance returns across various time horizons.This new feature, which is the first of its kind in the domestic fund management industry, provides a display of investment returns based on three key categories to enable comparisons to be made at the fund level, FMI level, and overall portfolio level.
The EPF has also introduced an investment simulator as a tool to help members assess investment decisions based on five key parameters. Investment objectives can now be simulated based on a member’s choice of the initial investment amount, monthly investment amount, investment period, rate of return, or ending investment value. The enhanced i-Invest portal has also incorporated Lipper-assigned benchmarks for members to compare against the unit trust funds’ performances.
The i-Invest portal was launched in August 2019 but its updated features makes it convenient for members to conduct investment decisions as well as monitor their investments at any time and from anywhere. Through this facility, members can compare unit trust funds offered by FMIs and obtain a consolidated view of their investment holdings, information on investment costs, fund performance history, as well as statutory information related to the FMIs.
