EPF chief executive officer Datuk Shahril Ridza Ridzuan said the EPF reported a 101.27% increase in the usage of i-Akaun to 3.33 million in Q2 2015 from 1.65 million a year ago.
KUALA LUMPUR: The Employees Provident Fund (EPF) invested RM4.86bil in small and medium capitalised stocks in Malaysia and it was committed to finding more good companies to add to its current portfolio.
EPF chief executive officer Datuk Shahril Ridza Ridzuan said on Tuesday as at end 2017, the fund had invested in 192 small and medium-cap companies.
The investments were executed through both its internal and external fund managers.
The equities portfolio remains the largest contributor to the EPF’s income, which recorded an 8% increase from RM309.48bil in 2016 to RM334.23bil as at end December 2017.
This affirms reports of the country’s positive growth, and as indicated by the performance FBM KLCI on April 19, which reached an all-time high of 1,895.18 in the country’s economic history.
Shahril said: “As our funds continue to grow, we are constantly open to new investment opportunities that can provide income that are sustainable and long term.
“Our strong investment performance was largely driven by our investments in equities. We have been investing in stocks across various sectors, which include small and medium-cap companies.
Shahril said the EPF would constantly monitor and assess the performance of the country’s small and medium-cap companies to see if they are suitable for investment and fit the retirement fund’s risk return profile.
“Among the qualities that the EPF would look for in such companies include good governance, cost structure and sound business performance.
“The EPF has been doing co-investments with the small and medium-cap companies to help their growth as we see future potential in them, which should also help to spur economic growth and boost EPF’s investment income.”
In the recently tabled EPF Annual Report 2017, the EPF’s total gross investment income as at Dec 31, 2017 was RM53.14bil and total investment asset RM791.48bil with return on investment (ROI) of 7.3%.
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