EPF not to be blamed for leaving FGV

KWSP logo is seen outside the headquaters in Kuala Lumpur - AZHAR MAHFOF/The Star

THAT the Employees Provident Fund (EPF) does not have any stake in Felda Global Ventures Bhd (FGV) is certainly something that could not have gone down well with some quarters in Putrajaya.

But for those who have been in awe of the EPF’s splendid track record in declaring handsome dividends year after year, against the trend of the global capital markets, the news comes as no surprise. The writing was already on the wall more than two years ago that FGV was not a stock that fitted EPF’s investment criteria.