Market to gain from EPF’s domestic proposal

PETALING JAYA: The call to the Employees Provident Fund (EPF) to raise its domestic asset allocation to 70% by year-end from 63% will add liquidity to the local capital market but pose some challenge for its returns.

The move could bring about RM60bil into the local capital market as the provident fund downsizes its foreign asset allocation to the 30% level from about 36% of its RM1 trillion in assets under management.