EPF to keep investing in foreign properties to help pay steady dividends

Prior to the 1997 Asian financial crisis and the 2007/08 global financial crisis, EPF only invested in Malaysia.

PETALING JAYA: The Employees Provident Fund (EPF) will continue to invest in overseas properties in Japan, UK, France and Germany because it has to look for a steady dividend stream for EPF contributors, which number about 14 million.

“It is more out of necessity because we have become a big fish in a small crowded pond (with Permodalan Nasional Bhd, Lembaga Tabung Haji and Retirement Fund Inc or KWAP),” said the EPF head of global real estate private markets department Kamarulzaman Hassan.