The Employees Provident Fund (EPF) announced 11 winners at the EPF External Fund Managers Awards 2023 in recognition of the EPF’s panel of external fund managers’ outstanding performance in their respective mandates that are assessed based on sets of quantitative metrics.
As at 31 December 2023, a total of RM189 billion had been outsourced to external fund managers to be invested in equity and fixed income instruments, representing 17% of the EPF’s total investment assets.
EPF Chairman Tan Sri Ahmad Badri Mohd Zahir said, “The EPF’s panel of external fund managers delivered commendable results last year with a record total income of approximately 22% of the overall income despite facing uncertain and challenging markets. The total funds under management by external equity and fixed income managers have nearly tripled to RM189 billion from five years ago.”
For the financial year ended 2023, the EPF delivered a dividend rate of 5.50% with a payout of RM50.33 billion for Simpanan Konvensional; and 5.40% with a payout of RM7.48 billion for Simpanan Shariah. Cumulatively, the total payout for 2023 was RM57.81 billion. This achievement, Tan Sri Ahmad Badri added, was also attributed to the fund managers’ diversification into different asset classes, markets and currencies that had helped the EPF to maintain resilience against market volatilities and safeguard its investment returns.
As at December 2023, the size of the EPF’s investment assets stood at RM1.14 trillion, firmly positioning the EPF as one of the top 10 largest sovereign pension funds in the world. 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.
