KUALA LUMPUR: The Employees Provident Fund’s (EPF) total investment funds stood at RM1.1 trillion as at Aug 31, 2023, according to Deputy Finance Minister II Steven Sim.
Sim said that of the amount, the average domestic investments stood at 64.9%, including 24.4% in the domestic-listed equities.
He said that besides EPF, other government-linked investment companies (GLICs) including Permodalan Nasional Bhd (PNB), Retirement Fund (Inc) or Kwap, Lembaga Tabung Haji (LTH) and Lembaga Tabung Angkatan Tentera (LTAT) invested about 60% of their investment funds in the domestic market for the period from 2019 to Aug 31 this year.
He said that as at end-August, PNB’s total investment funds stood at RM332bil and its average domestic investment was 84.3%, of which 74.4% was in domestic-listed equities.
“Meanwhile, Kwap’s total investment funds were RM167bil and the average domestic investment stood at 79.3%, of which 45.2% was in the domestic-listed equities,” he said during a question and answer session at the Dewan Rakyat yesterday, as reported by Bernama.
Sim was responding to Jimmy Puah Wee Tse’s (PH-Tebrau) question about the amount invested by GLCs and GLICs in Malaysia and abroad and whether the entire investments would be in line with the government’s aspiration to strengthen the equity market in the country.
He said that as at August this year, LTH’s investment totalled RM91bil, with 90.1% invested in the domestic market, of which 18.3% was in the domestic-listed equities.
Meanwhile, LTAT invested its entire investment funds, which stood at RM10.5bil, in the domestic market, of which 52% was in the domestic-listed equities.
Sim said that based on the strategic asset allocation, between 15.8% and 62.7% of GLICs’ investment funds were in the domestic-listed equities on Bursa Malaysia.
Additionally, he said the country’s sovereign wealth fund Khazanah Nasional Bhd made RM9.2bil domestic investments for the period from 2019 to 2022 and this was equivalent to 32.5% of its total investment worth RM28.3bil.
“In this regard, Khazanah’s role was focused on creating added value through active stewardship in its investment companies to support and strengthen these companies’ market value.