EPF picks US-based Saturna Capital unit as best foreign equity fund manager

  • Markets
  • Monday, 29 Jun 2020

KUALA LUMPUR: The Employees Provident Fund (EPF) picked Saturna Sdn Bhd, a unit of US-headquartered Saturna Capital Corporation, as the best foreign fund manager for 2019.

The retirement fund said on Monday it picked Saturna for two awards in the FTSE Shariah World Developed Mandate 2019 category: “Best International Equity Fund Manager” overall and “Best 3-Year ROI International Equity Fund Manager.”

Saturna Sdn Bhd president Shahariah Shaharudin said the two 2019 EPF awards were the recognition of its dedication to the retirement well-being of Malaysia’s employees.

She said the company had striven to innovate and continuously improve its asset management performance and create value through Islamic and sustainable investing.

The EPF External Fund Managers Annual Awards recognises outstanding performance of asset managers who invest diversified segments of Malaysia’s EPF pool in accordance with specific mandates.

The EPF outsources portfolio management to firms based on how well their specialised investment skills and experience match a given allocation mandate and the likelihood of superior risk-adjusted, long-term performance.

In 2016, the EPF selected Saturna Sdn Bhd to invest a tranche of the FTSE Shariah World Developed mandate globally in shariah-compliant equities of developed markets.

The EPF had RM924.75bil of assets under management as of year-end 2019.

Saturna Capital Corporation, established in 1989 in Bellingham, Washington, USA, is a private, employee-owned, investment adviser with US$3.8bil in assets under management.

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