EPF eyeing syariah-compliant stocks for its RM100bil fund

In terms of shareholding in the merged entity, banking sources said the EPF(pic) would emerge as the single-largest shareholder with a stake of between 35% and 40%, with DRB-Hicom likely to hold 20%

PETALING JAYA: Syariah-compliant counters may outperform non-compliant companies on Bursa Malaysia, thanks to the growth in demand for assets from institutions such as the Employees Provident Fund (EPF), according to JP Morgan Research.

In a report, the firm said that valuations for compliant stocks could stretch higher as more funds are directed towards Islamic-based investments.