EPF allocates RM97bil for local market

The average annual fund allocation for investment in the domestic market exceeded 80% from 2019 to 2023.

KUALA LUMPUR: The Employees Provident Fund (EPF) has allocated RM97bil, or 83% of its total fund, for domestic investments this year, says the Finance Ministry (MoF).

The average annual fund allocation for investment in the domestic market exceeded 80% from 2019 to 2023, the ministry said in a written answer in the Dewan Rakyat.

From the EPF’s establishment in 1951 until now, its investment assets totalled RM1.082 trillion, of which 61.4% has been used for domestic investments and 38.6% for foreign investments, MoF said. — Bernama